Online Saver Introductory Offer
Features and benefits
5% introductory rate for 4 months*
Interest calculated daily paid to your account monthly
$0 monthly account fee so every cent is working for you
Rates
Interest is applicable to whole balance and is calculated daily. To qualify, use promo code BFOSINTRO.
Interest tier is determined on the whole of balance | Interest rate (p.a.) for the first 4 months after opening |
|---|---|
$0 - $1,999 | 1.50% |
$2,000 - $149,999 | 5.00% |
$150,000 and over | 5.00% |
Why bank with us?
We were founded by a group of teachers, disenchanted with the inequitable access to banking services back in 1972.
They pooled their individual contribution of $10 into a shoe box and we were born. Our first loan was made to a single mother to cover her rental bond for her family.
Today, we remain a customer owned bank. One for today and tomorrow’s teachers, nurses and allied health professionals – the people who care.
Customer owned
We’re 100% customer owned, which means we listen to your feedback – and act on it.
Financial wellbeing
We provide resources that aim to financially empower teachers and nurses – we genuinely care.
Community impact
We contribute ~$220K per year to health and education communities through donations, scholarships and awards.
Don’t just take our word for it. Hear what our customers (Members) have to say.
Checked my account today ... the bonus interest has been paid into my account. It's such a help.
To qualify for this introductory offer the code BFOSINTRO must be quoted at the time of application when opening a new Online Saver account.
Promotional rate available 1 February 2024 to 28 February 2025.
At the end of the 4-month introductory period, the standard Online Saver interest rate will apply.
The introductory rate of 5.00% for balances above $2,000 is made up of standard Online Saver rates plus a bonus additional interest. Interest is applicable to whole balance and is calculated daily. Interest rates are per annum, current at the time of publication and standard rates are subject to change without notice.
Standard Online Saver rates are available on our website. View standard interest rates.
Interest is calculated daily and paid monthly at the end of the month into your Online Saver account.
Maximum one Online Saver introductory rate per customer.
No monthly account keeping fees.
Other fees and charges may apply. For a full list of fees and charges, please refer to Terms and Conditions: Part B Fees and Charges.
We reserve the right to amend or withdraw this campaign at any time. Please note this will not impact existing account holders for this introductory Online Saver.
Please review our Financial Services Guide (FSG) and Target Market Determination (TMD) to decide whether this product is right for you.
This Online Saver account offer is not available for Bank First staff. For the avoidance of doubt, Members/employees of Bank First who are involved in setting up this promotion are not eligible to open this account.