Compare Bank First Savings Accounts

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Bank First, formerly Victoria Teachers Mutual, is a mutual which means their customers own the organisation. Profits are reinvested back into the Bank First to provide continuing value through highly competitive interest rates, low fees and superior customer service.

You don’t have to be a teacher to join this customer owned bank, anyone can become a customer and access leading savings and investment products.

Bank First is regulated in the same way as the big four banks, and its deposits are guaranteed by the Federal Government up to $250,000.

Bank First savings accounts, bank accounts and term deposits

Bank First savings accounts

12 of 12 results

Finder Score	Maximum interest rate	Base interest rate	Max rate type & duration	Monthly max rate conditions
Finder score 8.2 Great Bank First Bonus Saver	Finder score 8.2 Great	Maximum Variable Rate p.a. 3.80%	Standard Variable Rate p.a. 0.05%	Intro/Ongoing Ongoing rate (conditions apply)	Balance $0 to $149,999 Deposit $1+ No withdrawals	More info Compare product selectionCompare	loading
Finder score 8.8 Great Bank First Online Saver Account	Finder score 8.8 Great	Maximum Variable Rate p.a. 3.05%	Standard Variable Rate p.a. 3.05%	Intro/Ongoing Ongoing rate (conditions apply)	Balance $2,000 to $149,999 Keep a balance of over $2,000	More info Compare product selectionCompare	loading
Finder score 9.1 Excellent Bank First First Saver Account	Finder score 9.1 Excellent	Maximum Variable Rate p.a. 3.65%	Standard Variable Rate p.a. 3.65%	Intro/Ongoing Ongoing rate (conditions apply)	Balance from $2,000	More info Compare product selectionCompare	loading
Finder score 8.3 Great Bank First Christmas Club Account	Finder score 8.3 Great	Maximum Variable Rate p.a. 2.60%	Standard Variable Rate p.a. 2.60%	Intro/Ongoing Ongoing rate (conditions apply)		More info Compare product selectionCompare	loading
Finder score 8.3 Great Bank First First Home Bonus Saver Account	Finder score 8.3 Great	Maximum Variable Rate p.a. 3.90%	Standard Variable Rate p.a. 0.05%	Intro/Ongoing Ongoing rate (conditions apply)	Deposit a minimum of $100 each month No withdrawals	More info Compare product selectionCompare	loading
Finder score 7.4 Great Bank First First Access Account	Finder score 7.4 Great	Maximum Variable Rate p.a. 1.45%	Standard Variable Rate p.a. 1.45%	Intro/Ongoing Ongoing rate (conditions apply)		More info Compare product selectionCompare	loading
Finder score 8.5 Great Bank First Pension Account	Finder score 8.5 Great	Maximum Variable Rate p.a. 2.65%	Standard Variable Rate p.a. 2.65%	Intro/Ongoing Ongoing rate (conditions apply)	Balance from $150,000	More info Compare product selectionCompare	loading
Finder score 6.7 Standard Bank First Preschools Petty Cash Account	Finder score 6.7 Standard	Maximum Variable Rate p.a. 0.05%	Standard Variable Rate p.a. 0.05%	Intro/Ongoing Ongoing rate (conditions apply)		More info Compare product selectionCompare	loading
Finder score 8.3 Great Bank First Everyday School Account	Finder score 8.3 Great	Maximum Variable Rate p.a. 2.40%	Standard Variable Rate p.a. 2.40%	Intro/Ongoing Ongoing rate (conditions apply)	Balance from $5,000	More info Compare product selectionCompare	loading
Finder score 9 Excellent Bank First Preschools Savings Account	Finder score 9 Excellent	Maximum Variable Rate p.a. 3.55%	Standard Variable Rate p.a. 3.55%	Intro/Ongoing Ongoing rate (conditions apply)	Balance from $5,000	More info Compare product selectionCompare	loading
Finder score 6.7 Standard Bank First Preschools Day to Day	Finder score 6.7 Standard	Maximum Variable Rate p.a. 0.05%	Standard Variable Rate p.a. 0.05%	Intro/Ongoing Ongoing rate (conditions apply)	Balance $0 to $14,999	More info Compare product selectionCompare	loading
Finder score 8.9 Great Bank First Preschools Fundraising Account	Finder score 8.9 Great	Maximum Variable Rate p.a. 3.40%	Standard Variable Rate p.a. 3.40%	Intro/Ongoing Ongoing rate (conditions apply)		More info Compare product selectionCompare	loading

Showing 12 of 12 results

How the Finder Score helps you find a better savings account

The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.

We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?

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Bank First bank accounts

1 of 1 result

Finder Score	Monthly fee	Govt. Guarantee	Own network ATM fee	Card type
Finder score 8.5Great Bank First Everyday Account Apple Pay Google Pay	Finder score 8.5Great	Monthly fee $0	Government Guarantee	Own network ATM fee $0	Card type Visa	More info Compare product selectionCompare	loading

Showing 1 of 1 result

Finder Score for bank accounts

We assess multiple product features for transaction accounts from over 100 providers and assign each product a score out of 10.

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Compare everyday accounts and find one that works harder for you.

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Bank First term deposits

2 of 2 results

Finder Score	3 Mths p.a.	6 Mths p.a.	10 Mths p.a.	12 Mths p.a.	24 Mths p.a.
Finder Score 9 Excellent Bank First Term Deposit $500 min. deposit $19,999 max. deposit	Finder Score 9 Excellent	3 Mths p.a. 4.00%	6 Mths p.a. 4.15%	10 Mths p.a. -	12 Mths p.a. 4.20%	24 Mths p.a. 3.50%	More info Compare product selectionCompare	loading
Finder Score 7 Great Bank First Regular Income Term Deposit $5,000 min. deposit	Finder Score 7 Great	3 Mths p.a. -	6 Mths p.a. -	10 Mths p.a. -	12 Mths p.a. 4.10%	24 Mths p.a. -	More info Compare product selectionCompare	loading

Showing 2 of 2 results

Finder Score for term deposits

Finder Score assigns Term Deposit products a score out of 10, comparing interest rates and features, to make comparison easier. We assess over 150 products from more than 90 providers, assessing products across different terms to determine an average score per product.

Read the full methodology

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What are the pros and cons of banking with Bank First?

Pros

Customer-owned bank
Wide range of products and services
Supports education through events, donations, and sponsorships

Cons

Transaction fees can apply
Limited branch access

How to apply for a Bank First savings account

Applying online for a new bank account is fast and easy. You'll need identity documents such as your driving licence or passport. For more about the process, check out our full guide to opening an account online.

Sources

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Written by

Shirley Liu

Publisher

Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs. See full bio

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