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Bank First Online Saver

Advertiser disclosure
Interest rate
0.15% p.a.(for $2,000 to $150,000)
Maximum rate
No Current Offer
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review Bank First Online Saver - last updated: 1 July 2021

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What's hot
  • Unlimited free transactions from phone, internet and BPay.
  • No account fees
What's not
  • 0.05% interest rate for balances below $2,000
Mozo snapshot

The Bank First Online Saver is all about making it simple to grow and access your savings stash, made easy through internet and phone deposits. With an ongoing interest rate of 0.15% when you keep a balance above $2,000, and no account fees or minimum balances you’ll be on your way to reaching your savings goal in no time. 

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Key features

Grow your savings with the Bank First Online saver account! This account is great for serious savers with its competitive interest rate, no withdrawal limits and phone and internet banking options.

Savers should know this account does come with a three tiered interest rate system. For balances between $0 and $2,000 there is a lower rate of 0.05%, however for balances between $2,000 and $150,000 you’ll receive the maximum interest rate of 0.15%. For balances over $150,000 you’ll earn an interest rate of 0.10%.

This account is purely online, so you can access your funds anytime and anywhere through online and phone banking. The Bank First Online Saver is also free of any account keeping fees as well as minimum deposits and withdrawals, so your money stays your money.

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Who is it good for

The Bank First Online Saver could be a good option for anyone who is seeking the convenience of an online account without the hassle of meeting monthly requirements.

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Any catches

In order to get the maximum interest rate of 0.15% you’ll need to have a balance between $2,000 and $150,000.

Details

Rates and fees information correct as at 24 September 2021. 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: 0.05% p.a.
Balances from $2,000: 0.15% p.a.
Balances from $150,000: 0.10% p.a.

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Fees

$0.00

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Unlimited free transactions from phone, internet, BPay.

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$0.00

$0.00

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Other financial bits

$0.00

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Customer Reviews

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