Bank First First Home Bonus Saver Account
Bonus rate
A savings account from Bank First, paying up to 5.05% a year when you meet the bonus conditions.
- Base rate up to
- 0.05%
- Introductory rate
- None
- Maximum balance
- None published
Rate with bonus, up to
Rates by balance
| Balance | Base rate | Bonus | Total |
|---|---|---|---|
| Any balance | 0.05% | +5.00% | 5.05% |
Who can open it
- Age to open
- 18 and over
- Maximum balance
- None published
Who it's for
- Available to members only.
- Only available to first home buyers who have never owned real estate (vacant land or a dwelling) in Australia.
Limits and conditions
- Only one First Home Bonus Saver Account can be held.
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
5.05%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
0.05%
What it pays without a bonus. Typical is 2.40%.
Pros and cons
Pros
- A higher rate. Up to 5.05%, above the typical 3.65%. On $10,000 that's about $505 a year.
- No conditions. You earn the same rate every month, with no deposits to make or withdrawals to avoid.
Cons
- A low base rate. Only 0.05% in any month you miss the bonus conditions.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 5.05%
- Bonus conditions
- None
- Most it pays
- 5.05%
- Bonus conditions
- None
- Most it pays
- 5.05%
- Bonus conditions
- None
