National Australia Bank says offset accounts are booming as rate-hike talk returns
NAB said nearly 75% of its home-loan customers now use offset accounts, with uptake among under-35s nearly doubling in a year. Offset usage is highest in New South Wales and Queensland at 77%. The trend comes as households keep spending tight and markets expect another rate hike by May. Reserve Bank Governor Michele Bullock warned policy may change quickly amid global shocks.