BankMate

Savings account

Bank First Bonus Saver Account

5.25%p.a. total

0.05% base + 5.20% bonus when the conditions are met

49th of 151 savings accounts · market average 4.37%

Go to Bank FirstCompare with another accountCompare with Bank First's term deposit

The RBA raised the cash rate to 4.60% on 30 September. Bonus Saver Account moved on 1 November, 32 days later.

What the bonus asks

2 things each month
Each month
  1. A deposit
  2. No withdrawals
A month without them

Pays the 0.05% base rate on the whole balance.

Who can open it

Anyone

Balance

No balance cap.

Compare all 151 accounts

Rate history

Last change 1 Nov
  • Bonus Saver Account
  • RBA cash rate
  • Market average
4.004.505.005.50MayJulSepToday5.25% p.a. today

November 20261 change

  1. 1Sun
    • 5.00 → 5.25Bonus rate 4.95% → 5.20% · 32 days after the RBA rise to 4.60%
      +0.25

June 20261 change

  1. 2Tue
    • 4.75 → 5.00Bonus rate 4.70% → 4.95% · 27 days after the RBA rise to 4.35%
      +0.25

May 20261 change

  1. 2Sat
    • 4.35 → 4.75Bonus rate 4.30% → 4.70% · 45 days after the RBA rise to 4.10%
      +0.40

  1. #57AprApr 2026: ranked 57 of 76
  2. #51MayMay 2026: ranked 51 of 79
  3. #40JunJune 2026: ranked 40 of 79
  4. #41JulJuly 2026: ranked 41 of 80
  5. #41AugAug 2026: ranked 41 of 80
  6. #52SepSep 2026: ranked 52 of 120
  7. #48OctOct 2026: ranked 48 of 150
  8. #49NowNov 2026: ranked 49 of 151
  • Top 5%
  • Top 10%
  • Top 25%
  • Top half
  • Lower half

Mostly outside the top half of accounts over the last 8 months: from #48 of 150 in Oct 2026 to #57 of 76 in Apr 2026.

A year meeting the conditions
$2,625
A year without meeting the conditions
$25
Against the average (4.37%)
+$441

On a $50,000 balance. Type yours above; it's kept with your savings preferences.

Notes from savers

to leave a note.

Other Bank First accounts: Strong Start Saver 5.65% · First Home Bonus Saver Account 5.30% · First Saver Account 4.65% · Online Saver Account 0.05%

Pays 5.25% p.a. total (0.05% base plus 5.20% bonus) as of 2 November 2026. Ranks 49th of 151 savings accounts tracked by BankMate, 0.88 points above the average of 4.37%. The rate last rose on 1 November 2026, 32 days after the RBA raised the cash rate to 4.60%. From Bank First's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·