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Thanks all for the feedback. For those who have experience on break fees, I understand the most important input is the bank's cost of funds, which lately has been trending down. The other relevant input is term left on the fixed loan. How close do you need to move to the end of the fixed...

Thanks for the feedback. We're getting close to offsetting the $130k variable through the variable account, and can then contribute to the fixed loan amount. Would be a few months until the $30k is fixed. Might have to find high earnings savings account or comparable assets, then perhaps...

My partner and I are analysing how we can most effectively reduce out mortgage. We have a $520k mortgage which is $130k variable with a linked offset account and $390k fixed. Our offset account has almost offset the variable loan. Once we have $130k in the offset we can put another $30k in the...