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Sounds like a good plan, to me.

Hi Pango. I think that's another mixed metaphore. I've seen people say this time and time ago. It ain't so. I think this misunderstanding stems from banks only allowing offset accounts linked to variable rate loans as opposed to fixed rate loans. Although, I think there maybe some fixed...

Exactly the point I was trying to make. This situation can arise with redraws and LOC's, I believe. But, I think people take fragments of different scenarios and arguments then cobble them together to form a conclusion that is unsupported and incorrect. Personally, I have multiple Offsets so...

Are we mixing metaphors here and confusing tainting a LOC with personal expenditure?

What the? But if the funds are in an offset account, there won't be any interest on that portion of the loan.