Bank First First Saver Account

2.20% p.a.(for $2,000 and over)

No Current Offer

 

Bank First First Saver Account Review

Rates and fees information correct as at 22 August 2018.

Review published: 21 May 2013

What's hot:

  • Unlimited free transactions (includes BPay)

  • Zero account fees

  • Interest calculated daily

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 a modest 1.00%, while balances over $2,000 earn 2.20%. 

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.

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

Product Type Overall Rating Price Features Service Convenience Trust
8.9

Based on 25
Bank First savings accounts reviews

8.5 6.9 9.6 7.5 9.3

Read Bank First savings account reviews by the Mozo community

Latest reviews of Bank First First Saver Account

Bank First

Bank First First Saver Account savings account review

Overall rating   4 / 10

Friendly

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

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 (VIC), reviewed almost 4 years ago

Bank First

Bank First First Saver Account savings account review

Overall rating   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.

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 (VIC), reviewed over 4 years ago

Bank First

Bank First First Saver Account savings account review

Overall rating   10 / 10

Great Bank Great customer Service

Best bank product I have

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 (VIC), reviewed about 6 years ago

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. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Rates

  • Balances from $0: 1.00% p.a.
    Balances from $2,000: 2.20% p.a.

  • none

  • n/a

Fees

  • $0.00

  • none

  • Unlimited free transactions from phone, internet, BPay.

  • none

  • none

  • none

  • $0.00

  • $0.00

  • none

  • $0.00

  • $0.00

  • none

Other financial bits

  • $0.00

  • $0.00

  • Quarterly

Features

  • yes

  • none

  • no

  • no

  • no

  • yes

  • no

  • yes

  • yes

  • yes

  • yes

  • none

  • none

  • Under 18

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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