The Finance Algorithm
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First Saver Account

Child Savings Account

Savings & transaction accountsBank updated 16 Oct 2026
Apply at Bank First ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Base rate
4.65%
Monthly fee
$0

Rates

Every rate Bank First Production publishes for this account, 2 in all.

TypeApplies toTermBandRateComparisonConditions
Variable--up to $2,0004.65%-paid every 3 mo
Variable--$2,000+4.65%-paid every 3 mo

Rate changes

2 changes logged, newest first.

DateRateWasNowChange
17 Oct 2026Variable, up to $2,0004.40%4.65%up 0.25
17 Oct 2026Variable, $2,000+4.40%4.65%up 0.25

Each change is logged the night it appears in the rates Bank First publishes. See how every lender answered the RBA on the rate tracker.

Fees

7 fees published, grouped by when they're charged.

While you hold it2

  • Account Keeping Fees
    No fee
  • Inactive Membership Fee
    $30 a year

If a payment is late or fails1

  • Direct Debit Dishonour Fee
    $15

When particular things happen4

  • Statement Request
    No fee
  • Coin Handling Fee

    Handling of a coin deposit or withdrawal - $5 per every $100.

    $5
  • Direct Debit Stop Request
    $9
  • Direct Entry Return Fee
    $2.50

Features

PayIDDigital banking
  • Other service related charges apply based on your circumstances

Eligibility and limits

  • Maximum age 17
  • Available to members only

Published by Bank First under the Consumer Data Right, last changed by them on 16 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.