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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.
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Last updated 17 November 2024
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Important disclosures
Advertiser disclosure
This table shows a range of products, and we may receive payment if you use the links provided. It does not show all providers or all products from the providers. Mozo is paid a fee by the product issuer if you use a link on our site to go to their site from ours, make an inquiry, or you take out a product with them. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo. You do not pay any extra for using our service.
We also include the option to search all the products in our database, regardless of whether we have a commercial relationship with the providers of those products or not. While we pride ourselves on covering a wide range of products, we don't cover every product in the market.
Products are initially shown with ‘Promoted’ products at the top that we have chosen to advertise more prominently. The table beneath lists products that meet the information in the filter, sorted according to estimated repayments for loans, and interest rates for deposits. You can change the filter settings to see other products.
We provide only general advice
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the Product Disclosure Statement (PDS) or offer documentation, or seeking independent advice. It is also advised to review Target Market Determination(TMD) of products that you are considering. The TMD can be found on the provider's website.
First Home Bonus Saver
Standard rate
0.05
%
p.a.
(for $0 and over)
Maximum rate
4.65
%
p.a.
(for $0 and over)
Minimum $100 deposit and no withdrawals in the month
Link not supplied
Standard rate
Balances from $0: 0.05% p.a.
Maximum rate
Balances from $0: 4.65% p.a.
Maximum rate conditions
Minimum $100 deposit and no withdrawals in the month
Interest paid
Monthly
Account fee per month
$0.00
Access
BPay, Branch access, Phone banking, Internet banking, Bank@Post
Kids ages
-
Minimum balance
$0.00
Other restrictions
Must be a first home buyer who has never owned real estate in Australia.
Other benefits
$600 cash back if home loan is funded through First Bank.
Bonus Saver
Standard rate
0.05
%
p.a.
(for $0 and over)
Maximum rate
4.60
%
p.a.
(for $150,000 and over)
minimum one deposit, no withdrawals
Link not supplied
Standard rate
Balances from $0: 0.05% p.a.
Maximum rate
Balances from $0: 4.60% p.a. Balances from $150,000: 4.60% p.a.
Maximum rate conditions
Minimum one deposit of $1 and no withdrawals in the month
Interest paid
Monthly
Account fee per month
$0.00
Access
BPay, Branch access, Phone banking, Internet banking
Kids ages
-
Minimum balance
$0.00
Other restrictions
Promotional rate for new members only.
Other benefits
-
First Saver Account
Standard rate
4.40
%
p.a.
(for $0 to $2,000)
Maximum rate
4.40
%
p.a.
(for $2,000 and over)
Link not supplied
Standard rate
Balances from $0: 4.40% p.a. Balances from $2,000: 4.40% p.a.
Maximum rate
-
Maximum rate conditions
n/a
Interest paid
Quarterly
Account fee per month
$0.00
Access
BPay, Branch access, Phone banking, Internet banking, Bank@Post
Kids ages
Under 18
Minimum balance
$0.00
Other restrictions
-
Other benefits
-
Online Saver
Standard rate
0.05
%
p.a.
(for $0 to $2,000)
Maximum rate
3.80
%
p.a.
(for $150,000 and over)
Link not supplied
Standard rate
Balances from $0: 0.05% p.a. Balances from $2,000: 3.80% p.a. Balances from $150,000: 3.80% p.a.
Maximum rate
-
Maximum rate conditions
n/a
Interest paid
Monthly
Account fee per month
$0.00
Access
BPay, Phone banking, Internet banking
Kids ages
-
Minimum balance
$0.00
Other restrictions
-
Other benefits
-
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Overall customer rating for Bank First savings accounts
4.6
Price
4.4
Features
3.8
Customer service
4.7
Convenience
4.1
Trust
4.8
Based on 108 product reviews.
Customer reviews
Important disclosures
Important disclosures
Important information 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.
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. More about the Mozo customer ratings.
S
Stephen
Victoria -
4.0
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.
Service
4.5
Convenience
4.5
Trust
4.5
K
Kent
Victoria -
5.0
Excellent
Brilliant bank. Efficient, effective and trustworthy.
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.
While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.
Disclaimer
Who we are and how we get paid
Our goal at Mozo is to help you make smart financial decisions and our award-winning comparison tools and services are provided free of charge. As a marketplace business, we do earn money from advertising and this page features products with Go To Site links and/or other paid links where the provider pays us a fee if you go to their site from ours, or you take out a product with them. You do not pay any extra for using our service.
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Important information on terms, conditions and sub-limits
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
