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 5.00% p.a. and government contributions of 17% on the first $5,000 you deposit into your account each financial year.
To apply please go to your local branch.
Features
- Competitive 5.00% 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. To withdraw your savings, you must have contributed at least $1,000 per year in four separate (but not necessarily consecutive) financial years or be purchasing or building a home with someone who has.
More info
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
More info
Need assistance?
Have you considered?
- A term deposit can also be a great way to earn high interest on your savings.
Apply the way you want
Did you Know?
For convenient, 24-hour banking, we have the largest ATM network of any Australian bank.
