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Saving for your first home?

0.70 % p.a.

Bonus interest rate1

0.05 % p.a.

Base interest rate

Saving for your first home?

0.70 % p.a.

Bonus interest rate1

0.05 % p.a.

Base interest rate

Saving for a home can be hard, so let's make it a little easier. Our First Home Bonus Saver earns extra interest, gives you $600 cash back and waives the establishment fee if you take out a home loan with Bank First2.

The details

  • Get cash back, waive the establishment fee and more to make buying your first home a little easier.

  • No minimum first deposit, so you can start saving today.

  • Grow your savings quickly with interest calculated daily and applied monthly.

  • Be rewarded with generous bonus interest each month you make deposits totalling a minimum of $100 and make no withdrawals.

  • Your money can be easily accessed at any time.

First Home Buyers, your journey starts here

A free portal that guides you through your home buying journey.

Find out now
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Rates & fees

  • Rates
    Interest rates
    Interest rates
    Interest rate (p.a.)
    Bonus interest
    Interest rate (p.a.)

    0.70%

    Base rate
    Interest rate (p.a.)

    0.05%

  • Fees
    One-off fees
    One-off fees
    Amount
    Account keeping fees
    Amount

    $0

    Transaction fees3
    Amount

    $0

    Ongoing fees
    Ongoing fees
    Amount
    Annual fees
    Amount

    $0

How to Apply

Applying for a bank account is a journey you shouldn’t go through alone. We’re here to talk with you about your unique circumstances and recommend the best account for your needs.

Stopwatch

Apply online

Apply now
Call us

Call us

1300 654 822

Application form

Download now
Interest Rates are per annum and are subject to change without notice.
1. 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.
2. Cash back will be paid when a new home loan is funded by Bank First and the account was held for a minimum of twelve months with a balance of $5,000 maintained over three consecutive months immediately prior to lodging a home loan application.
3. Other fees and charges may apply.
First Home Bonus Saver Account Interest Rates effective 1 October 2020.