Strong Start Saver
No monthly saving conditions. No monthly account keeping fees. Access your money when you need it and keep earning your variable interest rate.
Robust banking security
Helping keep your money and information secure.
Deposit protection
Eligible deposits are protected up to $250,000 per account holder.3
$0 fees
No monthly account-keeping fees.1
Member-owned
Customer-owned banking that puts Members first.
Your rate, by balance
With Strong Start Saver, each portion of your balance earns the interest rate for the tier that it sits in. So you could earn different rates at the same time.
The following variable interest rates apply to the portion of the balance which falls within each tier.2
Save it. Spend some. Still earn it.
Some months you're putting money aside every payday. Other months you're paying for placements, booking flights, moving house or replacing your laptop.
With Strong Start Saver, use your money when the time comes and still earn a great rate.
Save your way
Strong Start Saver is available to Members aged 15 to 35, helping you build good savings habits from the start.
Earn interest without rules
With Strong Start Saver, there are no bonus conditions to keep track of.
Grow your savings without monthly deposits or spending conditions.
Set and forget
Automate regular transfers to build your savings without thinking about it.
Transfer money from anywhere, using your account number and the Bank First BSB 704-191.
Withdraw as you need
You can access your savings whenever you need it, whether you're paying for placements, booking a holiday or covering an unexpected expense.
Stay on track
Keep earning interest even when your savings routine changes.
Rates and fees
Interest is calculated on the portion of the balance which falls within each tier.
Tier
Balance
Interest rate (p.a.)2
Tier 1
$0 - $49,999
5.40%
Tier 2
$50,000 - $149,999
5.40%
Tier 3
$150,000 - $249,999
5.40%
Tier 4
$250,000 - $999,999
4.25%
Tier 5
$1,000,000 and over
4.25%
Rates subject to change within each tier at the applicable rate.
One-off fees
Account keeping fee
$0
Transaction fees1
$0
Ongoing fees
Annual fee
$0
How to apply
We're here to talk with you about your unique circumstances and recommend the best account for your needs.
Frequently asked questions
Strong Start Saver is a savings account designed for people aged 15 to 35, to support young Members as they begin their savings journey and work towards important life goals.
Once you turn 15 you can open your Strong Start Saver account.
It is at this point in life when you might be getting your first part-time job or simply looking to start your savings journey.
When you turn 36, your Strong Start Saver account will automatically transition to an Online Saver account. We'll contact you beforehand with everything you need to know.
You don't need to do anything extra and there are no bonus conditions to keep track of.
You grow your savings without monthly deposits or spending conditions.
Yes. You can open up to two Strong Start Saver accounts, making it easier to save for different goals.
Yes. You can access your money whenever you need it.
We know life can change and you shouldn't be penalised just for accessing your money.
Yes, Strong Start Saver accounts can be opened as a joint account. Non-Members must open a new membership with Bank First prior to opening a joint Strong Start Saver account.
It's important to note that the primary account holder must meet the age criteria (15 - 35 years).
Strong Start Saver uses a tiered interest rate structure.
This means different parts of your balance may earn different interest rates, depending on how much money you have in your account.
For example, if you have $255,000 in your Strong Start Saver account:
The first $250,000 earns the interest rates that apply to Tiers 1-3.
The remaining $5,000 earns the interest rate that applies to Tier 4.
This means your entire balance does not earn the same rate. Instead, each portion of your balance earns the rate for the tier it falls within.
Strong Start Saver Account Interest Rates effective 1 September 2026.
Interest is calculated daily. Interest rates are per annum and are subject to change without notice.
Other fees and charges may apply.
Variable interest rates apply to the portion of the balance which falls within each tier. Account is available to account holders 15 to 35 years of age inclusive. The account is available for individual and joint account holders. For the purposes of account age eligibility on joint accounts the Primary account holders date of birth will be used. When the account holder, or primary account holder on a joint account turns 36 years of age you will no longer be eligible for this account. The account will be transferred to the Online Savings Account at the end of the month of account holder turning 36. Refer Terms and Conditions.
Deposits with Bank First are protected by the Australian Government's Financial Claims Scheme (FCS), which guarantees up to a cap of $250,000 per account holder deposits.