8.9 / 10

based on 412 reviews as rated by Mozo community

Bank First savings accounts

Formerly Victoria Teachers Mutual Bank, Bank First is an award winning 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 25 February, 2021. 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)

0.50% p.a. (for $0 to $150,000)

Yes up to $250,000

Cash Management

0.05% p.a.(for $5,000 to $20,000)

No Current Offer

Yes up to $250,000

First Home Bonus Saver

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

0.55% p.a. (for $0 and over)

Yes up to $250,000

First Saver Account

0.60% p.a.(for $2,000 and over)

No Current Offer

Yes up to $250,000

Online Saver

0.30% 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
Overall
9.2/10
Price
Features
Customer service
Convenience
Trust

106 Reviews

Recent Bank First savings account reviews

Bank First Savings Account review
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 about 1 month ago
Bank First Online Saver review
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 almost 4 years ago
Bank First Savings Account review
Overall 10/10
Excellent customer service

Great when I graduated from Uni

Read full review

Great when I graduated from Uni

Price
10/10
Features
9/10
Customer service
10/10
Convenience
7/10
Trust
10/10
Less
Nicole, Victoria, reviewed almost 5 years ago
Bank First Savings Account review
Overall 10/10
Friendly with great customer service

I've been with the bank for over 30 years, everything has always been smooth.

Read full review

I've been with the bank for over 30 years, everything has always been smooth.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Jane, Victoria, reviewed about 5 years ago

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Savings account quick links