This is why I won't open a savings account until my loans are all gone What is a Mortgage Offset Account? — The Finance Guy
You're crazy. You should be using an offset account which is just a savings account linked to your home loan. It will save you interest.
An offset account is a transaction account, not a savings account. I do have one, and it is the reason I don't have a savings account....
It doesn't matter what you class it as but as long as you have an offset account that is the main thing.