---
title: "First Home Bonus Saver Account — Bank First"
description: "Transaction & Savings Accounts from Bank First. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/bank-first/products/6512a9e8-baef-49b8-b8b2-ee2ee97ee50e
source: "CDR Compare"
language: en-AU
last_updated: 2026-06-15T23:16:15.542939Z
---

# First Home Bonus Saver Account — Bank First

> Transaction & Savings Accounts from Bank First. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Transaction & Savings Accounts · Bank First Production**

Savings Account

## At a glance

- **Base rate:** 0.05%
- **Bonus rate:** 5% (conditions apply)

## Apply

Applications are handled by the provider: [Apply at Bank First](https://form.bankfirst.com.au/account-application)

## Deposit rates

| Type | Rate | Applies to | Interest paid |
| --- | --- | --- | --- |
| Variable | 0.05% | First Home Bonus Saver Account_Base Rate $0.01+ | monthly |
| Bonus | 5% | First Home Bonus Saver Account Bonus rate $0.01+ | monthly |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Inactive Membership Fee — Charged yearly | Ongoing | $30.00 |
| Account Keeping Fees — Charged monthly | Ongoing | $0.00 |
| Statement Request | Enquiry | $0.00 |
| Direct Entry Return Fee | Event | $2.50 |
| Direct Debit Stop Request | Event | $9.00 |
| Direct Debit Dishonour Fee | Dishonour | $15.00 |
| Overdrawn Account Fee — Applies when your Transaction / Savings Account is overdrawn or the balance exceeds the limit of any Overdraft attached to the account at close of business and charged again at seven day increments if the balance remains overdrawn / limit exceeded. | Event | $15.00 |
| Coin Handling Fee — Handling of a coin deposit or withdrawal - $5 per every $100. | Event | $5.00 |

## Features

- **Cash back of $600 will be paid when a new home loan is funded by the Bank and the account was held for a minimum of twelve months with a balance of $5,000 maintained over three consecutive months immediately prior to lodging a home loan application with the Bank. See T&C for more information.**
- **Phone Banking is available**
- **Other service related charges apply based on your circumstances**
- **Bill payment (BPAY)**
- **Bill payment (BPAY)** — Bpay
- **PayID**
- **Digital banking**

## Eligibility

- **Minimum age** — 18 years
- **Only one First Home Bonus Saver Account can be held**
- **Available to members only**
- **Only available to first home buyers who have never owned real estate (vacant land or a dwelling) in Australia**

## More information from Bank First

- [Overview](https://www.bankfirst.com.au/bank-accounts/savings-accounts/first-home-bonus-saver)
- [Terms & conditions](https://www.bankfirst.com.au/disclosure-documents)
- [Eligibility](https://www.bankfirst.com.au/-/media/bankfirst/pdfs/termsandconditions/tc_part_a.pdf?la=en&hash=1BD3E51F84EC9362648BB08285FA0082715FEDB6)
- [Fees & pricing](https://www.bankfirst.com.au/-/media/bankfirst/pdfs/termsandconditions/tc_part_b.pdf?la=en&hash=172D55D317D95FDB13F24CDFDE6D3B6B2E7C7F37)

## Data provenance

- Published by Bank First under the Consumer Data Right
- Product ID: `6512a9e8-baef-49b8-b8b2-ee2ee97ee50e`
- Last updated by the provider: 15 June 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/bank-first/6512a9e8-baef-49b8-b8b2-ee2ee97ee50e
- Provider page: https://www.cdrcompare.au/brands/bank-first
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000112

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/bank-first/products/6512a9e8-baef-49b8-b8b2-ee2ee97ee50e) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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