The Finance Algorithm
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Christmas Club Account

Savings Account

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

At a glance

Base rate
3.60%
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.

This account: 3.60%Every other institution's highest, 60 in all

Paid whatever you deposit or spend. One dot per institution, at its highest savings rate with no bonus conditions anyone can apply for; hover or tap a dot for its name.

RateThis accountBest anywhereTypical institutionWhere it sits
No bonus conditionsPaid whatever you deposit or spend3.60%4.80%MoveBank's Online Saver2.25%of 61 institutions16th highest of 61

Rates

The one rate Bank First Production publishes for this account.

TypeApplies toTermBandRateComparisonConditions
Variable---3.60%-paid every 3 mo

Rate changes

One change logged, newest first.

DateRateWasNowChange
17 Oct 2026Variable3.35%3.60%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

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

  1. When you take it out$50Non- Individual Membership Establishment Fee
  2. While you hold itUp to $302 fees, each listed below
  3. When you close it or pay it offNo fee published

When you take it out1

  • Non- Individual Membership Establishment Fee

    Applies when a Non-Individual membership is established

    $50

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
  • Phone banking is available, balance enquiries only
  • Funds are available for withdrawal from the first business day in November to the end of December. On the first business day in December the balance of the account plus interest will be credited to t…
  • Other service related charges apply based on your circumstances

Eligibility and limits

  • 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.