Savings account · Up to 17 years
Bank First First Saver Account
4.65%p.a. total
No bonus conditions: the rate is paid every month
93rd of 151 savings accounts · market average 4.46%
The RBA raised the cash rate to 4.85% on 4 November. First Saver Account hasn't moved yet. After the September rise it moved 17 days later.
What it asks
Nothing each month- Each month
Nothing. The rate is paid every month.
- Who can open it
Anyone under 18
- Balance
No balance cap.
Rate history
Last change 17 Oct- First Saver Account
- RBA cash rate
- Market average
October 20261 change
- 17Sat
- 4.40 → 4.65Total rate 4.40% → 4.65% · 17 days after the RBA rise to 4.60%+0.25
- #83SepSep 2026: ranked 83 of 120
- #86OctOct 2026: ranked 86 of 150
- #90NowNov 2026: ranked 90 of 151
- Top 5%
- Top 10%
- Top 25%
- Top half
- Lower half
Mostly outside the top half of accounts over the last 3 months: from #86 of 150 in Oct 2026 to #83 of 120 in Sep 2026.
- Interest a year
- $2,325
- Each month
- $194
- Against the average (4.46%)
- +$96
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 5.90% · First Home Bonus Saver Account 5.55% · Bonus Saver Account 5.50% · Online Saver Account 0.05%
Pays 4.65% p.a. with no bonus conditions as of 9 November 2026. Ranks 93rd of 151 savings accounts tracked by BankMate, 0.19 points above the average of 4.46%. The rate last rose on 17 October 2026, 17 days after the RBA raised the cash rate to 4.60%. From Bank First's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·