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.
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 0.20%, while balances over $2,000 earn 0.50%.
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.
The Bank First Saver Account is great for any young'uns looking for a simple and easy way to save their money.
The First Saver Account is only available to customers under the age of 18.
| Balances from $0: 0.20% p.a. | |
| n/a | |
| n/a |
| $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 |
| $0.00 | |
| $0.00 | |
| Quarterly |
| yes | |
| none | |
| no | |
| no | |
| no | |
| yes | |
| no | |
| yes | |
| yes | |
| yes | |
| yes | |
| none | |
| none | |
| Under 18 |
Bank staff are lovely, but need to go to the branch often.
Read full reviewBank staff are lovely, but need to go to the branch often.
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 reviewThey make you feel they are there for you! Look for options that give you a great deal and make your money work for you.
Best bank product I have
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1.05% p.a. (for $1 to $250,000)
0.05% p.a.(for $1 and over)
Yes up to $250,000
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1.00% p.a. (for $2,000 and over)
0.05% p.a.(for $2,000 and over)
Yes up to $250,000
ING
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1.35% p.a. (for $0 to $100,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
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1.35% p.a. (for $0 to $250,001)
0.25% p.a.(for $0 to $250,001)
Yes up to $250,000
Virgin Money
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1.50% p.a. (for $0 to $250,000)
0.10% p.a.(for $0 and over)
Yes up to $250,000
MyState Bank
Bonus Saver Account
1.10% p.a. (for $0 to $250,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Citi
Online Saver
1.10% p.a. (for $0 to $500,000)
0.35% p.a.(for $0 and over)
Yes up to $250,000
HSBC
Serious Saver
0.30% p.a. (for $0 to $1,000,000)
0.15% p.a.(for $0 and over)
Yes up to $250,000
Bank of Queensland
Fast Track Saver Account
1.05% p.a. (for $1 to $250,000)
0.05% p.a.(for $1 and over)
Yes up to $250,000
Virgin Money
Grow Saver
0.65% p.a. (for $0 and over)
0.10% p.a.(for $0 and over)
Yes up to $250,000
ING
Savings Maximiser
1.35% p.a. (for $0 to $100,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Rabobank
High Interest Savings Account
1.35% p.a. (for $0 to $250,001)
0.25% p.a.(for $0 to $250,001)
Yes up to $250,000
Virgin Money
Boost Saver with Go Account
0.10% p.a.(for $0 and over)
1.50% p.a. (for $0 to $250,000)
Yes up to $250,000
MyState Bank
Bonus Saver Account
0.05% p.a.(for $0 and over)
1.10% p.a. (for $0 to $250,000)
Yes up to $250,000
Citi
Online Saver
0.35% p.a.(for $0 and over)
1.10% p.a. (for $0 to $500,000)
Yes up to $250,000
Virgin Money
Grow Saver
0.10% p.a.(for $0 and over)
0.65% p.a. (for $0 and over)
Yes up to $250,000
Bank of Queensland
Fast Track Saver Account
0.05% p.a.(for $1 and over)
1.05% p.a. (for $1 to $250,000)
Yes up to $250,000
Bank of Queensland
WebSavings Account
0.05% p.a.(for $2,000 and over)
1.00% p.a. (for $2,000 and over)
Yes up to $250,000
ING
Savings Maximiser
0.05% p.a.(for $0 and over)
1.35% p.a. (for $0 to $100,000)
Yes up to $250,000
Rabobank
High Interest Savings Account
0.25% p.a.(for $0 to $250,001)
1.35% p.a. (for $0 to $250,001)
Yes up to $250,000