Get the Finder app 🥳

Connect your accounts & save

Bank First Online Saver

Last updated:  

Keep a balance of over $2,000 in your account and be rewarded with a variable interest rate of 0.5% 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 0.5% 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.

0.5% p.a.

Maximum variable rate

0.5% p.a.

Base interest rate

Details

Product NameBank First Online Saver Account
Maximum Variable Rate0.5% p.a.
Standard Variable Rate0.50%
Bonus Variable Rate0.00%
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age18

Key features

Interest rate of 0.5% p.a.

Enjoy a high variable interest rate of 0.5% 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 0.4% 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.

Eligibility

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

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Ask a question
Go to site