First Home Bonus Saver Account

Savings Account

Savings & transaction accountsBank updated 2 Nov 2026

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At a glance

Up to: 5.30%
Base rate: 0.05%
Bonus rate: 5.25%
Monthly fee: $0

How it compares

This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

Typical 5.25%

3.5%4%4.5%5%5.5%

This account: 5.30%Every other institution's highest, 50 in all

Base plus bonus, when every condition is met. One dot per institution, at its highest bonus savings rate anyone can apply for; hover or tap a dot for its name.

Rate	This account	Best anywhere	Typical institution	Where it sits
Bonus savings accountBase plus bonus, when every condition is met	5.30%	5.75%Defence Bank Limited's iSaver	5.25%of 51 institutions	21st highest of 51, level with 2 others
Bonus account, conditions missedWhat a bonus account pays in a month its conditions aren't met	0.05%	3.45%Heritage's Online Saver Account	0.10%of 43 institutions	29th highest of 43, level with 6 others

Rates

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

How the rate is made up

5.30%in a month every condition is met

0.05% base rate5.25% bonus, when its conditions are met

Type	Applies to	Term	Band	Rate	Comparison	Conditions
Bonus	-	-	-	5.25%	-	paid every 1 mo; Bonus interest additional to the base rate is earned when deposits totalling a minimum of $100 and no withdrawals are made in the calendar month
Variable	-	-	-	0.05%	-	paid every 1 mo

Rate changes

One change logged, newest first.

Date	Rate	Was	Now	Change
3 Nov 2026	Bonus	5.00%	5.25%	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

8 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 happen5

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
Overdrawn Account Fee
Applies when your Transaction / Savings Account is overdrawn or the balance exceeds the limit of any Overdraft attached to the account at close of business and charged again at seven day increments i…
$15

Features

PayIDDigital banking

Cash back of $600 will be paid when a new home loan is funded by the Bank and the account was held for a minimum of twelve months with a balance of $5,000 maintained over three consecutive months imm…
Phone Banking is available
Other service related charges apply based on your circumstances

Eligibility and limits

Minimum age 18
Only one First Home Bonus Saver Account can be held
Available to members only
Only available to first home buyers who have never owned real estate (vacant land or a dwelling) in Australia

Compare it with others

All savings & transaction accounts Other Bank First savings & transaction accounts Everything Bank First publishes

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Published by Bank First under the Consumer Data Right, last changed by them on 2 Nov 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.