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

vs
Both are open to anyone 18 or over.
Interest a year on $50,000, with the conditions met
$2,650
5.30% on this balance
$1,945
3.89% on this balance

Bank First First Home Bonus Saver Account pays $705 more a year on $50,000 than Bank First Online Saver Account.

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Where they differThe rate (5.30% against 0.05%), the conditions on the bonus and how much of a balance the top rate covers.

The same on bothA 0.05% base rate, open to anyone 18 or over and no minimum balance.

Bank FirstFirst Home Bonus Saver Account
Bank FirstOnline Saver Account
Interest a year without meeting the conditions
on $50,000
$25
at the base rate
$1,945
No conditions to miss
+$1,920 · More without meeting the conditions
Rate on your $50,000
5.30%
one rate on all of it
+1.41 · Higher rate on this balance
3.89%
blended across its tiers
Total rate
base plus bonus
5.30%
+5.25 · Higher total rate
0.05%
Bonus rate
5.25%
with the conditions met
+5.25 · Higher bonus rate
None
one rate, nothing to do
Top rate paid up to
No cap
Covers all of it · Covers more of a balance
$2k
What the bonus asks each month
  1. A deposit of at least $100
  2. No withdrawals
Nothing
Rank by total rate
38th of 117
among accounts open to adults
113th of 117
among accounts open to adults
Last rate change
1 Nov 2026
up 0.25
No change
since 7 Oct 2026

Rates over time

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

Bank First First Home Bonus Saver Account
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Bank First Online Saver Account
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As of 2 November 2026, Bank First First Home Bonus Saver Account pays 5.30% with its monthly conditions met, and Bank First Online Saver Account pays 0.05% with nothing to do each month. On $50,000, that's $2,650 against $1,945 a year, $705 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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