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 has been consistently recognised by both their customers and those within the financial community for an outstanding range of investment, insurance and banking products and services, including:
Bank First, formerly Victoria Teachers Mutual, is an award-winning bank with over 100,000 customers and $2 billion in assets. Anyone can open an account with them.
Rather than profits being distributed to external shareholders (like they do with the big four banks), profits are reinvested back into Bank First to provide continuing value to customers.
Its range of banking products includes transaction and savings accounts, term deposits, credit cards, home loans, personal loans, insurance and financial planning advice.
Bank First gives you secure, online access to your accounts 24/7 through their internet and mobile banking facilities. Make one off and recurring BPAY payments to your billers, transfer funds, view electronic account statements and more.
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.
| Login | Summary | Transfers |
|---|---|---|
 |  |  |
This is a basic everyday interest bearing transaction account ideal for managing your day to day finances. Get free a free Visa Debit Card with this account and make free ATM withdrawals at non-Commonwealth Bank ATMs.
This account is used as a companion to the Bank First Everyday Account. Allows you to set up direct debits and credits so you can save and budget for your everyday and big ticket purchases.
A transaction account for under 17’s. This account is used as a day to day account with ATM, internet and telephone access. There is no minimum balance requirement. Bank First reward First Access Account holders with interest.
Eligible pensioners can apply for the Pension Account, a transaction account that offers two rates of interest depending on the Pension Account balance. Get a Visa Debit Card, ATM card or cheque book to access funds and this account includes the option to add an overdraft facility.
A full access student transaction account with features to save money on related products such as car finance, health insurance, student and personal loans and a complimentary financial planning consultation.
Back to topAn high interest savings account that gives you an incentive to grow your savings balance. Earn up to 4.55% when you deposit of more than $1 and make no withdrawals each month.
A online savings account that offers a high rate of interest for maintaining a minimum balance of $1. This account allows you to make withdrawals and there's no minimum deposit requirement to earn the full rate of interest.
A savings account for kids that offers a tiered rate of interest. Balances greater than $2,000 earn more interest. There's no minimum requirements or deposit requirements to earn the full rate of interest, funds are available via internet and telephone banking.
A savings account just for Christmas, make deposits whenever you want and access your money in time for the holidays. Set up direct credits so part of your wage can be paid directly into this account.
The First Home Bonus savings account rewards you with bonus interest when you deposit more than $100 each month and make no withdrawals. You'll also receive $60 cash back, and they'll waive the establishment fee on any Bank First Home Loan.
Back to topEnter into a fixed term deposit investment for periods of 30 days through to 5 years. Term deposit interest rates are tied to the investment term, longer terms get higher returns. Your money is locked in till the investment matures.
You can open an account online with ease. The application should take 10 minutes to complete. You'll be asked to provide your contact information.
You can also open an account over the phone by calling Bank First on 1300 654 822.
Read Finder's review of Xe Business Transfers and see if it's right for your international business payment needs.
Millions of Aussies think they need to ‘tough it out’ at work when they’re sick, according to new research by Finder.
Verdict: The Pixel 8a is everything you’d want in a mid-range phone and more.
It's too soon to tell but things aren't looking good.
Get $1,000+ when you sign up for a frequent flyer credit card.
Ethereum ETFs look set to hit US$1 billion volume on first day.
SPONSORED: Don't chuck your modem out the window! We'll show you some simple tips to help enhance your internet speed.
SPONSORED: Take off into cyberspace at rocket speed with a faster connection!
Find all the weekly tips from our Dollar Saver newsletter and see how you could save.
You can score up to 25,000 Qantas Points, but is the interest rate good enough?