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The First Home Saver Account.

Our First Home Saver Account pays you to save for a home. Twice.

Give your first home savings a boost with a competitive interest rate of 3.50% p.a. and government contributions of 17% on the first $5,000 you deposit into your account each financial year.

Rates & fees

  • Earn a competitive 3.50% p.a.
  • No monthly account keeping fees.

 

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Features

  • Competitive 3.50% p.a. variable interest rate from the Commonwealth Bank.
  • The Government will pay 17% on contributions you make of up to $5,000 in any financial year.

 

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What you'll need

  • You must be aged 18 or over and under 65
  • You must have a Tax File Number
  • You have never owned a home in Australia that you have lived in
  • You have never opened a First Home Saver Account before 

 

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Have you considered?

  • A term deposit can also be a great way to earn high interest on your savings.

 


Did you Know?

For convenient, 24-hour banking, we have the largest ATM network of any Australian bank.

Did You Know?
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