Dave Parry explains why one offset account isn't enough and recommends setting up multiple accounts grouped into an accelerated debt reduction system instead. He uses buffers, buckets, and other account types to help clients pay down debt faster, and invites viewers to comment for more details.
If you're serious about being debt free and you have an offset account, stop it. Go to a bank that lets you have multiple. Why? One of my proprietary hacks I talk to all my clients about that are saving thousands is setting up multiple accounts buffers, buckets, DNTs, NQAs, super cycle or two, all under what I would call an ADR, an accelerated debt reduction system. And multiple offset accounts kill the idea of just one. If you're curious, just comment offsets and I'll send you some info.
