Compare Firstmac savings and investments

Specialising in home loans, Firstmac still offers investment products with high returns.

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Shirley Liu

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For over 35 years Firstmac Limited has been providing Australians with alternative solutions to home and investment loans. Working out of offices in Sydney, Melbourne, Brisbane, the Gold Coast, and Singapore, Firstmac has backed over 84,000 home loans since the year 2000. They are a recognised financial institution and any deposits made with them are covered by the Australian Government Guarantee.

Who is Firstmac?

Firstmac specialises in home loans for both owner occupants and investors, but they also have investment products focused on rapid growth. These investment accounts include a high interest earning High Livez fund.

What’s Internet banking like for Firstmac?

You are able to apply for products online with Firstmac and keep track of your accounts through their website. Electronic transfers will also need to be enacted in order for you to make your deposits and receive your interest payments.

What about the mobile app?

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What products does Firstmac offer?

Firstmac only provides Livez Fund at this current point in time.

What are the pros and cons of banking with Firstmac?

Pros

  • Competitive rates. The interest rates offered by Firstmac are competitive with what you find at other Australian financial institutions.
  • Payment options. Monthly interest payments can help in ensuring you meet your monthly obligations.

Cons

  • Lack of variety. Firstmac is a home loan lender first, with a limited number of investment products for customers to choose from.
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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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2 Responses

    Default Gravatar
    JanetteApril 22, 2017

    When I didn’t finalise my Term Deposit Application online, I received an email stating I could give my Licence number for a quick ID check.

    Is that correct and safe to do so?

    Thank you,
    Janette

      Default GravatarFinder
      DeeApril 23, 2017Finder

      Hi Janette,

      Thanks for your question.

      If you want to confirm that the email is legitimate, you may want to directly call Firstmac on 13 12 20. Alternatively, you may also click the ‘go to site’ button on our page and get in touch with their customer support.

      Cheers,
      Anndy

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