With a Redfrog Mortgage, it's easy to get ahead. Just make sure you run all your financial transactions through your Redfrog account. Why? Because the money in your account is what helps reduce your mortgage - each and every day.

With a Redfrog Mortgage, your income and savings work together on a daily basis to get you out of debt faster. Skip buying your morning latte or newspaper and even that money can work in your favour. Why? Because unlike conventional mortgages, a Redfrog Mortgage calculates interest every 24 hours.

How it works

Salary deposited into your Redfrog account pays down your mortgage immediately and decreases the amount of interest you owe. Ditto for tax refunds, bonuses or other income.

When you need money for day-to-day expenses, just draw funds back out. We'll even give you cheques, a debit card and access to online banking. You can withdraw money at any time but, while it remains unspent, you'll save interest.

Staying on track

When you open a Redfrog account, we'll work with you to develop a repayment plan, including a target balance to leave in your account each month. Start exceeding this amount by even a few dollars and you'll get ahead that much faster.

Remember, the more money you're able to leave in your account, the sooner you'll be mortgage-free.

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