Bank First Production
First Home Bonus Saver Account
Savings Account
Savings & transaction accountsBank updated 16 June 2026
At a glance
- Base rate
- 0.05%
- Bonus rate
- 5.00%
- Up to
- 5.05%
- Monthly fee
- $0
§ 01 — Rates · 2
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Bonus | — | — | up to null | 5.00% | — | 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 | — | — | up to null | 0.05% | — | paid every 1 mo |
§ 02 — Fees · 8
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Direct Debit Dishonour Fee | Dishonour | $15 | — | — |
| Statement Request | Enquiry | No fee | — | — |
| Coin Handling Fee | Event | $5 | — | Handling of a coin deposit or withdrawal - $5 per every $100. |
| Direct Debit Stop Request | Event | $9 | — | — |
| Direct Entry Return Fee | Event | $2.50 | — | — |
| Overdrawn Account Fee | Event | $15 | — | 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… |
| Account Keeping Fees | Periodic | No fee | Every 1 mo | — |
| Inactive Membership Fee | Periodic | $30 | Every 1 yr | — |
§ 03 — 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
§ 04 — Eligibility & 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
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
Published by Bank First under the Consumer Data Right, last changed by them on 16 June 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.