Bank First Bonus Saver Account

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Bonus Saver Account is a savings account from Bank First. At $50,000 it pays 5.25% p.a. in a month in which the conditions below are met and 0.05% when they are not.

Rate tiers

Every balance band in the bank's feed: base is the rate when the bonus conditions are not all met, bonus the add-on for meeting them, conditional the two together.

Some rows are paid on the whole balance and some, marked stepped, on the part of the balance in the band, as the feed states them.

The bonus is paid on top of the base rate in a month in which the conditions are met; conditional is the two together, and the base rate is what is paid otherwise.

The bonus rate changes with the balance; the bands above show what the feed states for each.

Conditions

For the bonus rate

• deposit $1 or more each month
• no withdrawals in the month

In the bank's own words, as its feed states each condition on the bonus rate:

• monthly depositBonus interest additional to the base rate is earned when at least one deposit of a minimum of $1.00 and no withdrawals are made in the month.
• withdrawalsBonus interest additional to the base rate is earned when at least one deposit of a minimum of $1.00 and no withdrawals are made in the month.

Other conditions

• not updated by the bank since 2026-11-01, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed
• bonus interest needs at least one deposit of $1 or more and no withdrawals in each calendar month; deposits must arrive by close of business on the last business day

Features

app

yes

PayID

yes

BPAY

yes

Other features, in the bank's words:

• Phone Banking is available
• Other service related charges apply based on your circumstances

Fees, limits and who can open it

monthly fee

$0

interest paid

monthly

interest calculated

daily

open to

personal customers

Who can open it, in the bank's own words:

• Available to members only

About this account

Savings Account

Data

• Bank First's own page for this account.
• The bank's documents its product record links to: terms and conditions, fees, eligibility.
• Our verbatim snapshot of the bank's product record (source), as fetched on 5 November 2026.
• We read the bank's own page and terms against this page on 1 November 2026: bonus-saver, tc_part_a, tc_part_b, part-c; conditions they state and its feed does not are listed above.
• /au/finance/savings-accounts/v1/brands/bank-first.json: this bank's accounts and every balance band as JSON; Bank First's page lists them.
• The bank last updated this record on 1 November 2026. Rates are per annum as the bank states them; "stale" means the bank has not updated the record for over 60 days or since the latest cash rate change.

Other accounts at Bank First

• Christmas Club Accountstale savings account, 3.60% base at $50,000
• First Access Accountstale savings account, 2.20% base at $50,000
• First Home Bonus Saver Accountstale savings account, 5.30% conditional at $50,000
• First Saver Accountstale savings account, 4.65% base at $50,000
• Online Saver Accountstale savings account, 4.05% base at $50,000
• Pension Accountstale savings account, 3.65% base at $50,000
• Preschool Day to Day Accountstale savings account, 0.05% base at $50,000
• Preschool Fundraising Accountstale savings account, 4.40% base at $50,000
• Preschool Savings Accountstale savings account, 4.55% base at $50,000
• School Everyday Accountstale savings account, 2.65% base at $50,000
• Strong Start Saverstale savings account, 5.65% base at $50,000
• Everyday Accountstale transaction account, 0.00% base at $50,000

All of Bank First's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.