WHAT IS AN INTEREST OFFSET MORTGAGE ACCOUNT? An interest offset mortgage account can be likened to an everyday savings account that enables you to get a high interest rate, and that matches the interest rate of your housing loan in Singapore. An interest offset mortgage account enables you to both withdraw and make deposits as you would with a typical current or savings account. The major difference is that when the money is left in your offset account for a certain period, it is possible to reduce the amount of interest being charged on your home loan in Singapore. The higher the balance of your offset account and the longer the period of time your money is held in it, the lesser interest you have to pay on your mortgage loan. HOW DOES A INTEREST OFFSET MORTGAGE ACCOUNT WORK? With an interest offset mortgage account, any amount that is deposited...