Compare Community First savings accounts

With Community First Bank you may find solutions to help meet your savings goals.

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Community First Bank
4.6 based on 835 reviews

Community First Bank is a member-owned bank based in New South Wales. It started in 1959 as a credit union for Sydney Water Board staff and still operates as Community First Credit Union Limited. Compare its savings accounts, everyday bank accounts and term deposits below.

Community First savings accounts, bank accounts and term deposits

Community First savings accounts

Finder Score Maximum interest rate Base interest rate Max rate type & duration Monthly Max Rate Conditions Table Description
Community First Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
5.1%
Standard Variable Rate p.a.
5.1%
Intro/Ongoing
Ongoing rate
(conditions apply)
Monthly Max Rate Conditions
  • Balance up to $30,000
  • No deposit or withdrawal conditions
View details
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Community First Bank logo
Finder score
Community First Bank FirstBiz Online Saver Account
Finder score
Maximum Variable Rate p.a.
3.5%
Standard Variable Rate p.a.
3.5%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • No deposit or withdrawal conditions
  • Balance under $49,999
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Community First Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
4.6%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing rate
(conditions apply)
Monthly Max Rate Conditions
  • Deposit $50+ each month
  • Maintain a credit balance
  • Make no withdrawals or transfers
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Community First Bank logo
Finder score
Community First Bank Online Saver
Finder score
Maximum Variable Rate p.a.
4%
Standard Variable Rate p.a.
4%
Intro/Ongoing
Ongoing rate
(conditions apply)
Monthly Max Rate Conditions
  • Balances $250,000 to $1,000,000
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Community First Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
3.5%
Standard Variable Rate p.a.
3.5%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • No deposit requirement
  • Balance $1 to $10,000
  • Age under 18
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Community First Bank logo
Finder score
Community First Bank FirstBiz Online Saver Account
Finder score
Maximum Variable Rate p.a.
3%
Standard Variable Rate p.a.
3%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • No deposit or withdrawal conditions
  • Balance $50,000 to $499,999
View details
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Community First Bank logo
Finder score
Community First Bank Online Saver
Finder score
Maximum Variable Rate p.a.
3.5%
Standard Variable Rate p.a.
3.5%
Intro/Ongoing
Ongoing rate
(conditions apply)
Monthly Max Rate Conditions
  • Balance up to $249,999
View details
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Community First Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
2.75%
Standard Variable Rate p.a.
2.75%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • Balance from $100,000
  • Age 55+
View details
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Community First Bank logo
Finder score
Community First Bank FirstBiz Online Saver Account
Finder score
Maximum Variable Rate p.a.
2.5%
Standard Variable Rate p.a.
2.5%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • No deposit or withdrawal conditions
  • Balance from $500,000
View details
Compare product selection
Community First Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
1.75%
Standard Variable Rate p.a.
1.75%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • Balance $10,000 to $99,999
  • Age 55+
View details
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Community First Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
0.1%
Standard Variable Rate p.a.
0.1%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • Balance $0 to $9,999
  • Age 55+
View details
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Community First Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
0%
Standard Variable Rate p.a.
0%
Intro/Ongoing
Ongoing rate
Monthly Max Rate Conditions
  • No deposit requirement
  • Balance $10,001 to $1,000,000
  • Age under 18
View details
Compare product selection
Community First Bank logo
Finder score
Community First Bank Online Saver
Finder score
Maximum Variable Rate p.a.
0%
Standard Variable Rate p.a.
0%
Intro/Ongoing
Ongoing rate
(conditions apply)
Monthly Max Rate Conditions
  • Balances $1,000,001 to $10,000,000
View details
Compare product selection
Community First Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
0%
Standard Variable Rate p.a.
0%
Intro/Ongoing
Ongoing rate
(conditions apply)
Monthly Max Rate Conditions
  • Deposit $50+ each month
  • Maintain a credit balance
  • Make no withdrawals or transfers
View details
Compare product selection
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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?

Read the full breakdown

Want more interest on your savings?

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Community First bank accounts

3 of 3 results
Finder Score Monthly fee Own network ATM fee International transaction fee International ATM Fee
Community First Bank logo
Finder score
Community First Bank Wildlife Saver
Apple PayGoogle PaySamsung Pay
Finder score
Monthly fee
$0
Own network ATM fee
$0
International transaction fee
3%
$5 + 3%
View details
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Community First Bank logo
Finder score
Community First Bank Everyday Account
Apple PayGoogle PaySamsung Pay
Finder score
Monthly fee
$4
Own network ATM fee
$0
International transaction fee
3%
$5 + 3%
View details
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Community First Bank logo
Finder score
Community First Bank Community Account
Apple Pay Google Pay Samsung Pay
Finder score
Monthly fee
$0
Own network ATM fee
$0
International transaction fee
3%
$5 + 3%
View details
Compare product selection
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Showing 3 of 3 results

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.

Read the full methodology

Looking for a better bank account?

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

Community First term deposits

Finder Score 3 Mths p.a. 6 Mths p.a. 10 Mths p.a. 12 Mths p.a. 24 Mths p.a.
3 Mths p.a.
-
6 Mths p.a.
-
10 Mths p.a.
-
12 Mths p.a.
5.60%
24 Mths p.a.
-
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Community First Bank logo
Community First Bank Term Deposit
$5,000 min. deposit
$99,999 max. deposit
3 Mths p.a.
5.00%
6 Mths p.a.
5.25%
10 Mths p.a.
-
12 Mths p.a.
5.30%
24 Mths p.a.
5.30%
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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

Lock in a great rate

Compare term deposits to grow your savings with confidence.

Pros and cons of banking with Community First Bank

Pros

  • Bonus interest. The Goal Saver account pays bonus interest in months when you make a deposit and no withdrawals.
  • Specialised savings products. Community First has accounts for specific needs and age groups, including kids, young adults, over 55s and saving for Christmas.
  • Digital banking. You can manage your accounts 24/7 with internet banking and the Community First mobile banking app, and add your card to Apple Pay, Google Pay or Samsung Pay.

Cons

  • Limited branches. Community First's stores are all in New South Wales, across Greater Sydney, the Central Coast, the Hunter and the Illawarra, and several of them are cashless.
  • Membership. You need to become a member of Community First Bank to open an account, though you can join and open your account in the same online application.

How to apply for Community 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.

Community First verifies your ID online when you apply and will contact you if it needs another form of ID. You can also apply for an everyday account over the phone on 1300 13 22 77 or at a Community First store.

Compare other products from Community First Bank

Shirley Liu's headshot

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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