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Bank First Cash Management Account

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Enjoy competitive interest and 24/7 access to your funds with this cash management account.

No matter what your savings goal is, it’s vital that you find a bank account that pays competitive interest on your balance. At the same time, you need to be able to quickly and easily access your funds.

0.1% p.a.

Maximum variable rate

0.1% p.a.

Base interest rate

$5,000

Minimum opening balance

Details

Product NameBank First Cash Management Account
Maximum Variable Rate0.1% p.a.
Standard Variable Rate0.10%
Bonus Variable Rate0.00%
Monthly Account Fee$0
Minimum Opening Deposit$5,000
Minimum Age18

Key features

Earn interest on your savings

The Bank First Cash Management Account offers a competitive variable interest rate on your savings balance. Interest rates are tiered so that the bigger your balance, the higher the interest rate you can earn. The interest rate tiers are as follows:

    • $0–$4,999
    • $5,000–$19,999
    • $20,000–$49,999
    • $50,000–$99,999
    • $100,000 and over

24/7 access to your funds

You can make deposits into and withdrawals from your cash management account whenever you wish. Both Internet and phone banking can be linked to the account, so you have quick access if ever you need funds to pay a bill or make a purchase.

Launch savings calculator


How to apply

If the features of the Bank First Cash Management Account sound perfect for you, click one of the "Find out more" links on this page. The link will take you to the bank's website where you can read up on all the features, terms and conditions of the account.

Eligibility

You'll also find all the information you need to complete an account application. First, make sure that you satisfy all the eligibility criteria for opening an account:

  • Minimum age. You must be at least 18 years of age.
  • Residency requirements. The account is only available for Australian residents.

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