Firefighters Mutual BankEssential Saver account
An interest bearing online savings account with a tiered interest rate structure
Savings & transaction accountsBank updated 1 Oct 2026
At a glance
- Base rate
- 3.25%
Rates
Every rate Firefighters Mutual Bank publishes for this account, 5 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | - | - | up to $250,000 | 5.25% | - | paid every 1 mo |
| Variable | - | - | $1,000,000–$5,000,000 | 3.25% | - | paid every 1 mo |
| Variable | - | - | $250,000–$500,000 | 5.25% | - | paid every 1 mo |
| Variable | - | - | $500,000–$1,000,000 | 5.25% | - | paid every 1 mo |
| Variable | - | - | $5,000,000+ | 3.25% | - | paid every 1 mo |
Rate changes
5 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 1 Oct 2026 | Variable, up to $250,000 | 5.00% | 5.25% | up 0.25 |
| 1 Oct 2026 | Variable, $1,000,000–$5,000,000 | 3.00% | 3.25% | up 0.25 |
| 1 Oct 2026 | Variable, $250,000–$500,000 | 5.00% | 5.25% | up 0.25 |
| 1 Oct 2026 | Variable, $500,000–$1,000,000 | 5.00% | 5.25% | up 0.25 |
| 1 Oct 2026 | Variable, $5,000,000+ | 3.00% | 3.25% | up 0.25 |
Each change is logged the night it appears in the rates Firefighters Mutual Bank publishes. See how every lender answered the RBA on the rate tracker.
Features
Instant paymentsPayIDDigital bankingUnlimited transactions
- No fees for accessing your account online or via phone banking.
- No monthly access fee.
- No minimum balance.
Eligibility and limits
- Residency: Individuals must be citizens or permanent residents of Australia.
- You must be a member. Membership is open to current or retired employees of the Australian education sector or family members of members (i.e. shareholders) of the Bank.
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Published by Firefighters Mutual Bank under the Consumer Data Right, last changed by them on 1 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.