In a bid to promote offset accounts, AMP Bank is now offering $1,000 cash back to new owner-occupier home loan customers.
The promotional offer is available to customers who apply for a Professional Pack loan with an owner-occupied variable rate between now and 30 September 2015, with settlement by 30 November 2015.
The bank said the money will be deposited to an offset deposit account on settlement of the loan.
AMP Bank’s head of sales, Glenn Gibson, said the new offer is a great way for mortgage brokers to help customers understand the benefits of an offset account.
“Having access to an offset account gives customers greater flexibility, and can help give them a head start on making their home ownership dreams a reality,” he said.
“For most people, owning their own home is one of the most important investments they will ever make.”
[Related: ING Direct gives back to loyal customers]