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Bank First Bonus Saver Account

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Enjoy a high variable bonus interest rate of 0.65% p.a. and achieve your savings goals sooner with a Bank First Bonus Saver Account.

Designed to encourage savings, you’ll earn a competitive variable interest rate of 0.65% p.a. each month you deposit one dollar or more. Bank First is an award-winning customer owned and run mutual bank, with all profits invested back into the bank rather than to shareholders. Therefore, you’ll continue to benefit from competitive rates and zero account-keeping fees with this Bonus Saver Account.

0.7% p.a.

Maximum variable rate

0.05% p.a.

Base interest rate

0.65% p.a.

Bonus interest rate

$1

Minimum deposit

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Details

Product NameBank First Bonus Saver
Maximum Variable Rate0.7% p.a.
Standard Variable Rate0.05%
Bonus Variable Rate0.65%
Monthly Account Fee$0
Minimum Opening Deposit$0

Key features

Bonus interest rate of 0.65% p.a.

The account offers a variable bonus interest rate of 0.65% p.a. and a base rate of 0.05% p.a. This rate is variable and subject to change in line with the Reserve Bank of Australia cash rate.

Bonus interest conditions

To be eligible for the competitive bonus interest rate, you need to deposit at least one dollar a month and make no withdrawals. If you don't meet these conditions, you will earn the variable interest base rate of 0.05% p.a. on your balance.

Compare other Bank First products


How to apply

Eligibility

There are various application options available including online, over the phone or in-branch. If you would like to apply for a Bank First Bonus Saver Account, you need to meet the following criteria:

  • Minimum age. You need to be over the age of 18.
  • Residency requirements. You need to be an Australian resident.

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