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Bank First Bonus Saver Account vs Bank First First Home Bonus Saver Account

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These are open to different people: Bank First Bonus Saver Account to anyone, Bank First First Home Bonus Saver Account to anyone 18 or over.
Interest a year on $50,000, with the conditions met
$2,625
5.25% on this balance
$2,650
5.30% on this balance

Bank First First Home Bonus Saver Account pays $25 more a year on $50,000 than Bank First Bonus Saver Account.

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Where they differThe rate (5.25% against 5.30%), the conditions on the bonus and who can open it.

The same on both$25 a year without meeting the conditions, a 0.05% base rate, no cap on the top rate and no minimum balance.

Bank FirstBonus Saver Account
Bank FirstFirst Home Bonus Saver Account
Total rate
base plus bonus
5.25%
5.30%
+0.05 · Higher total rate
Bonus rate
5.20%
with the conditions met
5.25%
with the conditions met
+0.05 · Higher bonus rate
What the bonus asks each month
  1. A deposit
  2. No withdrawals
  1. A deposit of at least $100
  2. No withdrawals
Who can open it
Anyone
Anyone 18 or over
Rank by total rate
43rd of 117
among accounts open to adults
38th of 117
among accounts open to adults
Last rate change
1 Nov 2026
up 0.25
1 Nov 2026
up 0.25

Rates over time

Each account's total rate, a cell a week. A move shows as ▲ or ▼ in the week it happened.

Bank First Bonus Saver Account
Go to siteMore about this account
Bank First First Home Bonus Saver Account
Go to siteMore about this account

As of 2 November 2026, Bank First Bonus Saver Account pays 5.25% with its monthly conditions met, and Bank First First Home Bonus Saver Account pays 5.30% with its monthly conditions met. On $50,000, that's $2,625 against $2,650 a year, $25 more from Bank First First Home Bonus Saver Account. Figures are the banks' published rates, worked out on the balance above. Each row says which figure is higher; it doesn't say which account suits you.

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Other comparisons

A savings account against a term depositWhat each pays over the same term on your balance