Following the Reserve Bank of Australia's decision to decrease the official cash rate on 12 August 2025 by 0.25%, Bank First will be decreasing the interest rates on our variable home loans and a range of savings products. 

Variable Home Loans

• Effective 21 August 2025, home loan variable interest rates will decrease by 0.25% p.a.  

• Your new interest rate will appear on 21 August through online and mobile banking.

Savings

• Effective 21 August 2025, the interest rates on a range of savings products will decrease by 0.25% p.a.

• Effective 1 September 2025, the bonus interest rate on our Bonus Saver and First Home Bonus Saver account will decrease by 0.25% p.a.

What happens to my home loan repayments?

Bank First regularly review repayments to ensure your home loan can be repaid within the loan term. You may have noticed that repayment changes haven’t always occurred immediately after previous rate changes.

If your repayment is decreasing, we'll notify you via email from 26 August 2025 or if your preference is set to mail from 9 September 2025. The new repayment will take effect from 22 August 2025.

If you have any questions about your home loan repayment, call (03) 9834 8597 between Monday to Friday 9am to 5pm or email us at customerrelations@bankfirst.com.au.