Perfect for Saving to buy your first home
Bonus from the Government Boost your savings with 17% Government contributions (based on your contributions of up to $6,000 each financial year)^
Tax benefits Low tax rate on your interest earned and withdrawing your savings is tax-free when used to buy or build your first home to live in
Interest benefits Earn a competitive 3.25% p.a. interest from ME Bank on every dollar
Unique features
A savings account you can’t get from the Big 4 banks!
Low cost No account-keeping fees
Boost your savings with an extra 17% p.a. Government contribution based on your contributions of up to $6,000 each financial year - that's up to $1,020 per year from the Government^
No account-keeping fees
Withdrawing your savings is tax-free when used to buy or build your first home to live in
Interest is calculated daily and paid monthly
A minimum contribution of $1,000 each year for at least four financial years is required to access your savings (not necessarily consecutive years)
Interest is taxed at just 15%
Link to another account from any financial institution in Australia

 

On every dollar in your account (from ME Bank) 3.25% p.a.
Government Contribution on your first $6,000 saved in each financial year 17.00% p.a.

 

Monthly account-keeping fee

The First Home Saver Account is fee free

Things you should know.

^ Subject to Government eligibility and withdrawal criteria.

Interest rates are current as at 20-Apr-2014 and are subject to change.

This information does not take into account your situation and you should consider if this product is appropriate for you with the Product Disclosure Statement and Terms and Conditions available from ME Bank. For information about First Home Saver Accounts generally you may wish to visit the ATO website or the ASIC website.