Bank First First Home Bonus Saver Account

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First Home Bonus Saver Account is a savings account from Bank First. It pays 5.30% 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.

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 feed states no cap on the balance that earns the bonus.

The feed states a minimum balance of $0.01.

Conditions

For the bonus rate

• no withdrawals 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 deposits totalling at least $100 and no withdrawals in each calendar month

Features

app

yes

PayID

yes

BPAY

yes

Other features, in the bank's words:

• Cash back of $600 will be paid when a new home loan is funded by the Bank 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 with the Bank. See T&C for more information.
• Phone Banking is available
• Other service related charges apply based on your circumstances

Fees, limits and who can open it

monthly fee

$0

minimum balance

$0.01

interest paid

monthly

interest calculated

daily

age

ages 18 and over

open to

personal customers

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

• Only one First Home Bonus Saver Account can be held
• Available to members only
• Only available to first home buyers who have never owned real estate (vacant land or a dwelling) in Australia

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: first-home-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

• Bonus Saver Accountstale savings account, 5.25% conditional at $50,000
• Christmas Club Accountstale savings account, 3.60% base at $50,000
• First Access Accountstale savings account, 2.20% base 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.