8.9/10

Based on 422 Bank First product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

Bank First savings accounts

Formerly Victoria Teachers Mutual Bank, Bank First is a competitive financial institution with a competitive range of banking products, including personal loans, home loans, term deposits and savings accounts. Founded by Australian educators in 1972, Bank First offers all Australians outstanding value but doesn't compromise on service or quality. Best of all, Bank First customers become equal shareholders, which means all the benefits are directly returned to you.

Bank First offers the following savings accounts

Rates and fees verified as correct at 22 June 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Interest rate Maximum rate Govt deposit guarantee
Bonus Saver

0.05% p.a.(for $0 and over)

4.55% p.a. (for $0 to $150,000)

Yes up to $250,000

First Home Bonus Saver

0.05% p.a.(for $0 and over)

4.65% p.a. (for $0 and over)

Yes up to $250,000

First Saver Account

4.40% p.a.(for $2,000 and over)

No Current Offer

Yes up to $250,000

Online Saver

3.80% p.a.(for $2,000 to $150,000)

No Current Offer

Yes up to $250,000

How are Bank First savings accounts rated?

Mozo users have rated Bank First savings accounts on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of savings-accounts
Bank First savings accounts customer reviews
Overall
9.2/10
Price
8.7/10
Features
7.6/10
Customer service
9.4/10
Convenience
8.1/10
Trust
9.5/10
Based on 108 Bank First product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent Bank First savings account reviews

Bank First Savings Account
Overall 8/10
Initially my bank was a credit union then they cha

I've been with this bank for 45 years and they have been good listeners and a fair bank to work with.

Read full review

I've been with this bank for 45 years and they have been good listeners and a fair bank to work with.

Customer service
9/10
Convenience
9/10
Trust
9/10
Less
Stephen, Victoria, reviewed 7 months ago
Bank First Savings Account
Overall 10/10
Excellent

Brilliant bank. Efficient, effective and trustworthy.

Read full review

Brilliant bank. Efficient, effective and trustworthy.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Kent, Victoria, reviewed over 1 year ago
Bank First Savings Account
Overall 10/10
Reliable, competitive.

Good rates and customer service.

Read full review

Good rates and customer service.

Price
9/10
Features
9/10
Customer service
10/10
Convenience
8/10
Trust
10/10
Less
Wendy, Victoria, reviewed over 3 years ago
Bank First Online Saver
Overall 10/10
Great customer service

Friendly and easy to contact, however there are too few offices that are located miles away from where I live.

Read full review

Friendly and easy to contact, however there are too few offices that are located miles away from where I live.

Price
6/10
Less
Judy, Victoria, reviewed about 7 years ago
See all savings account reviews
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.
Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

Savings account quick links