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- First Home Bonus Saver
First Home Bonus Saver
- Bonus interest with conditions
- App banking
- Online banking
Maximum rate p.a.
4.60%*
Base rate p.a.
0.05%
First Home Bonus Saver
- Bonus interest with conditions
- App banking
- Online banking
Maximum rate p.a.
4.60%*
Base rate p.a.
0.05%
Pros and Cons
For First Home Bonus Saver
Benefits
- Maximum interest rate ranked in the best 20% (conditions may apply)
- Ongoing bonus interest (conditions apply)
- No ongoing account fees
- No minimum balance
Drawbacks
Bank First Rate Savings Account overview
For First Home Bonus Saver
Account Details
Maximum rate p.a.
4.60%*
Minimum age restrictions
18
Base rate p.a.
0.05%
Maximum age restrictions
Maximum rate condition
*make deposits totalling a minimum of $100 and ...
Minimum opening deposit
$0
Interest calculation method
Whole Balance
Target Market Determination
Visit Bank First - Victoria Teachers Limited to view Target Market Determination.
Features
Joint application available
Is online only
Linked account required
Methods of Access
Internet facility
ATM access
Phone facility
Eftpos facility
Branch access
App
App only
Fees
Account keeping fees
$0
Eftpos fee
$0
ATM withdrawal fee
$0
Overseas eftpos fee
$0
Internet transaction fee
$0
Over the counter deposit fee
$0
Phone transaction fee
$0
Over the counter withdrawal fee
$0
Other Restrictions
Only for clients who are saving to purchase or build a first home and who have not previously owned real estate in Australia
Promoted savings account products
Bonus Saver Account
Real Time Rating™
- 2024 Award Winner
- Bonus interest with conditions
- App banking
- Online banking
Maximum rate p.a.
5.00%*
Base rate p.a.
0.05%
Reward Saver
Real Time Rating™
- Bonus interest with conditions
- Intro offer rate
- App banking
- Online banking
Maximum rate p.a.
5.25%
intro 4 months then 3.25%*
Base rate p.a.
Not Applicable
Westpac Life - 18 to 29 years old
Real Time Rating™
- 2024 Award Winner
- Bonus interest with conditions
- App banking
- Online banking
Maximum rate p.a.
5.20%*
Base rate p.a.
2.00%
Savings Maximiser
Real Time Rating™
- 2024 Award Winner
- Bonus interest with conditions
- App banking
- Online banking
Maximum rate p.a.
5.50%*
Base rate p.a.
0.55%
Product data updated on 29 Apr 2024