Bank First First Saver Account

1.30% p.a.(for $2,000 and over)

No Current Offer

Bank First First Saver Account

1.30% p.a.(for $2,000 and over)

No Current Offer

Mozo Review   Bank First First Saver Account Review

Last updated: 25 March 2020.

What's hot:
  • Unlimited free transactions (includes BPay)

  • Interest calculated daily

  • Zero account fees

What's not:
  • Lower interest rate

Mozo snapshot:

The Bank First Saver Account is a great cheap and cheerful option for first time savers. Young savers get unlimited free transactions, aren't charged any account keeping fees and, best of all, interest is calculated daily. 

Key features:

The First Saver Account is a low cost, low frills savings account that makes saving easy for kids. The account operates with a tiered interest rate system - balances from $0 to $2,000 earn 0.50%, while balances over $2,000 earn 1.3%. 

Unlike a lot of other savings accounts, the First Saver Account calculates interest daily, meaning that customers' savings are working harder for them, and that kids can reach their savings goals sooner. 

The First Saver Account also comes with unlimited free phone, internet and Bpay transactions and absolutely no account fees, making it very affordable for all young savers. 


Who it's good for:

The Bank First Saver Account is great for any young 'uns looking for a simple and easy way to save their money.

Any catches?

The First Saver Account is only available to customers aged 17 years or younger.

Details

Rates and fees information correct as at 8 April 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Balances from $0: 0.50% p.a.
    Balances from $2,000: 1.30% p.a.

  • n/a

  • n/a

Fees
  • $0.00

  • n/a

  • Unlimited free transactions from phone, internet, BPay.

  • n/a

  • n/a

  • n/a

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $0.00

  • n/a

Other financial bits
  • $0.00

  • $0.00

  • Quarterly

Features
  • yes

  • none

  • no

  • no

  • no

  • yes

  • no

  • yes

  • yes

  • yes

  • yes

  • none

  • none

  • Under 18

Customer Reviews

How are Bank First savings accounts rated by the Mozo community?

Overall customer rating
9.2/10
Price
8.7/10
Features
7.6/10
Customer service
9.4/10
Convenience
8.1/10
Trust
9.5/10

Latest reviews of Bank First First Saver Account

  • Overall 4/10
    Friendly

    Bank staff are lovely, but need to go to the branch often.

    Read full review

    Bank staff are lovely, but need to go to the branch often.

    Price
    8/10
    Features
    4/10
    Customer service
    8/10
    Convenience
    2/10
    Trust
    8/10
    Less
    Natalie, Victoria reviewed over 5 years ago
  • Overall 10/10
    Great service all round

    They make you feel they are there for you! Look for options that give you a great deal and make your money work for you.

    Read full review

    They make you feel they are there for you! Look for options that give you a great deal and make your money work for you.

    Price
    8/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    7/10
    Trust
    10/10
    Less
    Carolyn, Victoria reviewed about 6 years ago
  • Overall 10/10
    Great Bank Great customer Service

    Best bank product I have

    Read full review

    Best bank product I have

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Bruce, Victoria reviewed over 7 years ago
Bank First

About Bank First

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.

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