Bank First is proud to be a bank for today and tomorrow’s teachers, nurses and allied health professionals – the people who care.

You’re confidantes, bartenders, foodies, concert-goers and future leaders.

You need a bank that gets you.  No fees, no sweat, no cap*.  

Bank First. For all you are.

*no cap = no lies

Victoria Teachers Limited ABN 44 087 651 769. AFSL/Australian Credit Licence Number 240 960.

Cash in on your savings with our Online Saver.

They see me for all I am.

  • No complicated bonus interest rules.
  • $0 monthly account fee so every cent is working for you
  • Interest calculated daily paid to your account monthly

In 1972, a group of 48 teachers took the bold step to create a ‘people’s bank’.

They pooled their individual contribution of $10 into a shoe box and we were born. Our first loan was made to a single mother to cover her rental bond for her family. Today, it is still a ‘people’s bank’ – one for teachers, nurses and allied health professionals – the people who care.

Like all Australian banks, we are required to meet all the regulatory requirements and deposits are guaranteed by the Australian government under the Financial Claims Scheme.

Being customer-owned allows us to work hard for our customers (we call them Members) - tailoring products and services to help them be all that they are and more. When Members speak, we listen and act. 

We actively invest to support your community. From funding your teaching initiatives, to scholarships and awards for aspiring teachers, nurses and allied health professionals and those who need that extra little help. We've invested more than $1.5 million since 1983. 

For a limited time only, your new Online Saver account will give you a chance to win your share of $8,000.  Join before 31 March 2024 for your chance to win.  

51 prizes to be won: 

50 x $100 cash plus 
1 x $3000 cash prize.

Cash prizes will be deposited into your new Online Saver account.

Winning never looked this easy. 

Want more than just 5% p.a?

Bank First
Apply now
Owl image

Cash in on your savings with your Online Saver




Interest rate 
($0 - $49,999)

Find out moreApply now




Interest rate 
(above $50,000)

Interest rate 1 Interest rate (p.a.)
$0 - $49,999 5.00%
over $50,000 3.80%


Important Information

  1. To qualify for these offers the promotional code OWEEK24 must be quoted at the time of application.
  2. Applicable to customers under 25 years at the time of submitting application.
  3. Upon turning 25, the account will revert to the standard Online Saver account with standard interest rate applicable. Please see our website for more information on the standard Online Saver and standard interest rates applicable.
  4. Promotional rate available from 8 February 2024 until 31 March 2024.
  5. The promotional rate of 5% p.a. is applicable for balances under $50,000. For balances equal to and over $50,000, the standard rate Online Saver rate applies. Interest is calculated on the portion of the balance which falls within each tier at the applicable rate. Interest rates are per annum, current at the time of publication and are subject to change without notice.
  6. Standard Online Saver rates are available on our website. To view the standard interest rate, visit here.
  7. Interest is calculated daily and paid monthly at the end of the month into your Online Saver account.
  8. Maximum of two Online Saver accounts per customer.
  9. No monthly account keeping fees.
  10. Other fees and charges may apply. For a full list of fees and charges, please refer to Terms and Conditions: Part B Fees and Charges.
  11. We reserve the right to amend or withdraw this campaign at any time. Please note this will not impact existing account holders for this promotional Online Saver.
  12. Please review our Financial Services Guide (FSG) and Target Market Determination (TMD) to decide whether this product is right for you.
  13. Online Saver account is available for Bank First staff. For the avoidance of doubt, Members/employees of Bank First who are involved in setting up this promotion are not eligible to open this account.

To activate this promotion, use code "OWEEK24".

Apply now