|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|
||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
^ Subject to Government eligibility and withdrawal criteria.
Interest rates are current as at 21-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.