If you have a home loan, then a mortgage offset account, is a great place for your extra cash.  It will help you pay off your home faster.  With an offset account, you can save thousands of dollars and take years off your mortgage.

Need access to your funds?  Not a problem.  A mortgage offset account is an 'at call' cash account.  There is no obligation to lock your funds in.  An no penalty for making extra deposits or withdrawals