Bank First ProductionBonus Saver Account
Savings Account
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.
What a bonus account pays in a month its conditions aren't met. One dot per institution, at its highest base rate on a bonus savings account 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, 4 in all.
How the rate is made up
5.30%in a month every condition is met
To earn the bonus
- Bonus interest additional to the base rate is earned when at least one deposit of a minimum of $1.00 and no withdrawals are made in the month.
- Bonus interest additional to the base rate is earned when at least one deposit of a minimum of $1.00 and no withdrawals are made in the month.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Bonus | - | - | up to $150,000 | 5.20% | - | paid every 1 mo; Bonus interest additional to the base rate is earned when at least one deposit of a minimum of $1.00 and no withdrawals are made in the month.; Bonus interest additional to the base rate is earned when at least one deposit of a minimum of $1.00 and no withdrawals are made in the month.; Bonus interest additional to the base rate applies when you make at least one deposit of a minimum of $1.00 and no withdrawals in the calendar month |
| Bonus | - | - | $150,000+ | 5.25% | - | paid every 1 mo; Bonus interest additional to the base rate is earned when at least one deposit of a minimum of $1.00 and no withdrawals are made in the month.; Bonus interest additional to the base rate is earned when at least one deposit of a minimum of $1.00 and no withdrawals are made in the month.; Bonus interest additional to the base rate applies when you make at least one deposit of a minimum of $1.00 and no withdrawals in the calendar month |
| Variable | - | - | up to $150,000 | 0.05% | - | paid every 1 mo |
| Variable | - | - | $150,000+ | 0.05% | - | paid every 1 mo; No additional product conditions |
Rate changes
2 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 3 Nov 2026 | Bonus, up to $150,000 | 4.95% | 5.20% | up 0.25 |
| 3 Nov 2026 | Bonus, $150,000+ | 4.95% | 5.25% | up 0.30 |
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.
- When you take it out$50Non- Individual Membership Establishment Fee
- While you hold itUp to $302 fees, each listed below
- 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 FeesNo fee
- Inactive Membership Fee$30 a year
If a payment is late or fails1
- Direct Debit Dishonour Fee$15
When particular things happen5
- Statement RequestNo 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
- Phone Banking is available
- Other service related charges apply based on your circumstances
Eligibility and limits
- Available to members only
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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.