BankMate

Savings account · 18+ years

Bank First First Home Bonus Saver Account

5.30%p.a. total

0.05% base + 5.25% bonus when the conditions are met

41st 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. First Home Bonus Saver Account moved on 1 November, 32 days later.

What the bonus asks

2 things each month
Each month
  1. A deposit of at least $100
  2. No withdrawals
A month without them

Pays the 0.05% base rate on the whole balance.

Who can open it

Anyone 18 or over

Balance

No balance cap.

Compare all 151 accounts

Rate history

Last change 1 Nov
  • First Home Bonus Saver Account
  • RBA cash rate
  • Market average
4.004.505.005.50MayJulSepToday5.30% p.a. today

November 20261 change

  1. 1Sun
    • 5.05 → 5.30Bonus rate 5.00% → 5.25% · 32 days after the RBA rise to 4.60%
      +0.25

June 20261 change

  1. 2Tue
    • 4.80 → 5.05Bonus rate 4.75% → 5.00% · 27 days after the RBA rise to 4.35%
      +0.25

May 20261 change

  1. 2Sat
    • 4.40 → 4.80Bonus rate 4.35% → 4.75% · 45 days after the RBA rise to 4.10%
      +0.40

  1. #54AprApr 2026: ranked 54 of 76
  2. #49MayMay 2026: ranked 49 of 79
  3. #36JunJune 2026: ranked 36 of 79
  4. #37JulJuly 2026: ranked 37 of 80
  5. #37AugAug 2026: ranked 37 of 80
  6. #46SepSep 2026: ranked 46 of 120
  7. #40OctOct 2026: ranked 40 of 150
  8. #41NowNov 2026: ranked 41 of 151
  • Top 5%
  • Top 10%
  • Top 25%
  • Top half
  • Lower half

In the top 50% for 6 of the last 8 months. Its lowest was #54 of 76 in Apr 2026.

A year meeting the conditions
$2,650
A year without meeting the conditions
$25
Against the average (4.37%)
+$466

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% · Bonus Saver Account 5.25% · First Saver Account 4.65% · Online Saver Account 0.05%

Pays 5.30% p.a. total (0.05% base plus 5.25% bonus) as of 1 November 2026. Ranks 41st of 151 savings accounts tracked by BankMate, 0.93 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 ·