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Back on the topic of will interest rates go up or down... The argument that rates will increase is fairly simple. Right now rates are about as low as they've ever been. It's hard to imagine that they won't increase. Historically the average interest rates that I remember (since about 1999)...

People seem to like some type of arbitrary split. 50/50, 20/80, it's still arbitrary and therefore likely to be in appropriate. Better to apply some logic to it: 1. Work out how much you've got to put in your offset account. 2. Do a budget, work out how much money you expect to save...

The point that interest rates are very low at the moment is extremely valid. From a price perspective, it's hard to imagine that rates will reduce further, but it could happen, or rates would stay where they are now for years which might render this argument invalid. What is often more...