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Bank First Bonus Saver Account vs Bank First First Saver Account

vs
These are open to different people: Bank First Bonus Saver Account to anyone, Bank First First Saver Account only to anyone under 18.
Interest a year on $50,000, with the conditions met
$2,625
5.25% on this balance
$2,325
4.65% on this balance

Bank First Bonus Saver Account pays $300 more a year on $50,000 than Bank First First Saver Account.

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Where they differThe rate (5.25% against 4.65%), the conditions on the bonus and who can open it.

The same on bothNo cap on the top rate and no minimum balance.

Bank FirstBonus Saver Account
Bank FirstFirst Saver Account
Interest a year without meeting the conditions
on $50,000
$25
at the base rate
$2,325
No conditions to miss
+$2,300 · More without meeting the conditions
Total rate
base plus bonus
5.25%
+0.60 · Higher total rate
4.65%
Base rate
paid whatever you do
0.05%
4.65%
the whole rate
+4.60 · Higher base rate
Bonus rate
5.20%
with the conditions met
+5.20 · Higher bonus rate
None
one rate, nothing to do
What the bonus asks each month
  1. A deposit
  2. No withdrawals
Nothing
Who can open it
Anyone
Anyone under 18
Rank by total rate
43rd of 117
among accounts open to adults
62nd of 114
among accounts open to under-18s
Last rate change
1 Nov 2026
up 0.25
17 Oct 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 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 Saver Account pays 4.65% with nothing to do each month. On $50,000, that's $2,625 against $2,325 a year, $300 more from Bank First 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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