Savings accounts

Available at Community First?

Traditional savings account

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Bonus interest savings account

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Youth-focused savings account

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Account fees

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Community First offers a variety of savings accounts designed to support different financial goals. From accounts like the Bonus Saver, which rewards consistent saving habits with bonus interest when certain conditions are met, to specialised products such as the Christmas Saver for seasonal savings, the Wildlife Saver for kids, and Retirement Plus for older members, there's an option for almost every saver.

Most accounts come with no monthly fees and no minimum balance requirements, making it easy and affordable to start saving. Accounts are also easy to manage, with 24/7 online and mobile banking access, and funds can be accessed through a linked debit card for added convenience. Customers can also set up automated deposits, encouraging regular contributions toward their goals.

How to get started with a Community First savings account

To open a savings account with Community First, you’ll generally need to:

  • Be 18 years of age or older

  • Be an Australian citizen or permanent resident

  • Have a stable source of income

  • Have been employed continuously for at least six months

  • Maintain a positive credit history, with no record of defaults or bankruptcies in the past five years

What you’ll need to apply

When applying, be prepared to provide:

  • Valid ID and proof of address

  • Current and previous contact details, including phone and email

  • Employment and income information

  • A summary of your assets and financial obligations

  • Recent bank transaction history, submitted securely through Community First’s online system

You’ll also need to meet any age requirements that apply to certain savings accounts, as some options are designed specifically for particular age groups.