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How do multi-offset Cash Stashes work?

Every Cash Stash is a 100% offset sub-account. You only pay interest based on the net loan balance after taking away the total of your offset balances attached to that loan. So, you get the combined benefit of every Cash Stash.

Your primary offset is your primary account for making payments in and out of Athena and will be allocated a BSB and account number.

You can have up to 10 Cash Stash sub-accounts to make your money work however you want.


Slash interest, accelerate payoff

Save more interest with an offset balance and pay off your principal faster.

If you have a $400,000 loan and $20,000 in total in offset balances, $10,000 in one Cash Stash and $5,000 each in two other Cash Stashes.

You would only be charged interest on the net loan balance of $380,000.

  1. Take your your offset balance = $20,000
  2. Multiply by current interest rate x 5%
  3. Equals the interest you could be saving per year = $1,000

It’s an interest saving cycle!

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Multi-offsets = multi benefits

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Options illustration

More options, more control

Stash your cash any way you want, create up to 10 Cash Stashes for different goals - all in the one easy to find place in our mobile app.


Maximise your offset benefits

Save even more money over the life of your loan by offsetting your mortgage with your savings to reduce your interest charges. Stash cash and slash interest.


Build up a repayment buffer

Put additional repayments away for rainy days in a Cash Stash and get 100% offset benefits. If s*** happens, you’ll have a handy stash at your fingertips.

How to create a Cash Stash

🎯 Give it a fun name and a cheeky emoji that reflects your goal

Keep your goals in mind to reach them quicker - whether it's a trip abroad, a new kitchen, or a new car.

💵 Stash your cash with transfers from your primary offset

Make them useful by dividing your money into Cash Stashes as you want.

Watch this space – we’ll soon have scheduled transfers that allow you to set your plan on autopilot.

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Not yet on Power Up?

Power Up is our variable interest rate home loan with offset facility and split loans.

With flexible weekly, fortnightly or monthly repayments to pay down your loan balance faster. You can change your repayment options anytime with the Athena app at your fingertips.

Now’s a good time to boost your loan – give us a call on 13 35 35 and we’ll help you out.

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Multi-offsets for Investors

If you’re a property investor, here are two ways you can you make your offset work for you.


Boost your earnings

With an offset on your owner-occupied loans and stash rental income in a separate Cash Stash.

You'll reduce interest on your loan while keeping funds available for investment expenses.


Unlock the power of equity

For future investments, add funds to your offset account and ensure their availability for your next move.

For optimal tax benefits, seek advice from your tax advisor.

FAQS for multi-offsets

How many offset accounts can I have with Athena?

Athena’s Power Up variable home loan multi-offset feature gives you an additional 10 Cash Stashes on top of your primary offset account.

Are offsets and multiple offsets available on Straight Up or the discontinued Standard Variable Rate loans?

No, multi-offsets are a feature that are only available on our Power Up loan.

What is the difference between a primary offset and a Cash Stash?

Your primary offset has the allocated BSB and account number that allows you to make payments in and out of Athena.

You can also transfer money across split loans.

Your cash stashes can only make transfers between other Cash Stashes and the primary offset account linked to the same variable loan.

How does this work with split loans?

You can have up to 10 Cash Stashes with any Power Up variable rate loan with an Offset feature enabled.

So, if you have split loans that are all variable offset loans, you can have 10 Cash stashes with each loan.

How do I setup my multi offset accounts?

Cash Stashes can only be created via the Athena app and not Home Hub. If you run into any issues with the app or can’t access our app, give us a call and our local loan experts will help you out.

Are there any extra fees for offset accounts?

None whatsoever. We’re committed to bringing more value to our Power Up product to help you power up your home loan.

Each Cash Stash will also get its own transactions listing and statements every 6 months.

Can I have a redraw facility with my offset accounts?

You can choose to have either an offset or a redraw feature for each of your variable Power Up loans.

If you have split loans, you can choose either redraw or offset for each split loans individually. Multi-offsets are only available on Power Up offset loans.

Athena acknowledges the traditional owners of the land on which we gather the Gadigal people of the Eora nation. We acknowledge that sovereignty was never ceded and respect their continued and continuing connection to this place.