How can I check my offset account is collecting the savings it should?

Best of Melbourne Life/Getty Do you use an offset account to save money on your mortgage? It might be a good idea to contact your bank and check it has actually been set up and is working as it should. That’s according to a report released on Wednesday by the corporate watchdog, the Australian Securities and Investments Commission (ASIC). ASIC’s review of eight banks – accounting for more than 70% of the Australian home loan market – found “weaknesses” in how all of them “set up, monitored and…