Best thing since sliced bread. You can plonk your wages, dividends, etc into MISA and use that to offset the balance of your mortgage. Then, use your credit card to pay for day-to-day items. The longer you can keep a maximised balance in MISA, the less interest you pay, taking 10 years off a mortgage, according to the calculations on our $384k loan.
You might pay a fee for the facility, but it's negligible compared to what you can save! If you get a home loan, MISA is a definate must-have!
Good way to improve cash flow, monitor your cash/debt situation and benefit from non-assessable interest and reduced interest.
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