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Bank First Online Saver

Keep a balance of over $2,000 in your account and be rewarded with a variable interest rate of 0.7% p.a.

This is an easy-to-use everyday account which allows you to access and manage your money anywhere, anytime. Enjoy a variable interest rate of 0.7% p.a. by simply keeping your balance over $2,000 – you can even make as many withdrawals as you like with no fee. As interest is compounded monthly, your savings will grow quickly, allowing you to achieve your financial goals sooner.

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0.70% p.a.

Maximum variable rate


Base interest rate

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Product NameBank First Online Saver Account
Maximum Variable Rate0.70% p.a.
Standard Variable Rate0.70% p.a.
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age18

Key features

Interest rate of 0.7% p.a.

Enjoy a high variable interest rate of 0.7% p.a. simply by keeping your account balance over $2,000. Please note the rate is variable and can change in line with the official RBA cash rate at any time.

Balances under $1,999 or over $150,000

For balances $1,999 or less you will receive the variable interest rate of 0.05% p.a. For balances over $150,000 you will receive the variable interest rate of 0.7% p.a.

Compare other Bank First Bank products

How to apply

There are various application options available including online, over the phone or in-branch. If you would like to apply for a Bank First Online Saver Account, there are a few eligibility requirements you need to meet and some documentation to provide.


  • Minimum age. You must be 18 years or over.
  • Residency requirements. You need to be an Australian resident.

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