Since i'm looking at my first home loan, i've come across offset accounts and was wondering if many people have dealt with these.. I understand the concept of how they work - I also, havent done any calculations, but was wondering whats a better option.. $280-300k loan / repayments say - $420. i) Paying $450 or so a week or the loan, and putting a few hundred into an offset account or ii) paying 6-700 a week off the loan? Does it work out any differently in regards to how much comes off the principle? I think i'm going to be looking towards the offset account, rather then savings for holidays in a savings account making 5% or so.. Would be better to get 6%+ in the offset, right? What would you recommend a balance in the offset to make it worth while? say, 10k? 20k?