Community First Goal Saver Summary
Description
A savings account that earns you bonus interest when you make at least one deposit of $50 each month, maintain a credit balance and make no withdrawals.
Benefits
- No monthly savings-account fee.
Hoops
- Applicants must be at least 16.
- For bonus interest, deposit at least $50 each month, make a deposit of at least $50 each month. Check the full requirements below.
- Withdrawals can forfeit bonus interest.
- Ongoing rate cap: $7,000,000. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | Community First Goal Saver |
|---|---|
| Maximum variable rate | 4.60% p.a. |
| Ongoing interest rate | 4.60% p.a. |
| Base interest rate | 0.05% p.a. |
| Minimum age | 16 years |
Source: noren.com.au
All comparison details
| Base | 0.05% |
|---|---|
| Ongoing | 4.60% |
| Ongoing cap | $7M |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 1 |
| Dep $/mth | $50 |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | 0 |
| Min age | 16 |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 0.05% p.a., before bonus interest.
- Ongoing: 4.60% p.a. when bonus conditions are met. Up to $7m.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.05% | This band only | First $7m |
| Base rate component | 0.00% | This band only | Over $7m |
| Ongoing total, conditions met | 4.60% | This band only | First $7m |
| Ongoing total, conditions met | 0.00% | This band only | Over $7m |
Source: noren.com.au
Share/Export
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Requirements
- Variable interest calculated daily. No minimum opening deposit or separate introductory offer. $0 ordinary monthly account fee, service, inactivity and dormancy charges may apply under the current schedule.
- Make at least one deposit of $50 or more by 6pm AEST/AEDT on the last day of the month. Several smaller deposits totalling $50 do not satisfy the signed Summary of Accounts, its specific single-deposit rule and the product page govern the TMD’s looser total-deposit wording.
- Keep the account in credit throughout the month, including intraday and any balance carried forward, and make no withdrawals or outgoing transfers. No separate balance-growth or purchase requirement. Otherwise the ordinary base rate applies.
- The CDR repeats bonus qualifications on the base components. The provider explicitly pays the standard rate when bonus conditions are missed, only interpreted arithmetic is corrected. Base and bonus are paid monthly on eligible portions through $7 million, excess portions earn nil.
- No debit card or direct debits. Staff-assisted services can incur fees. A $2 monthly inactive-account fee can apply after one year without account transactions, a separate $20 annual membership dormancy fee can apply after one year without membership transactions.
- This captured Goal Saver schedule matches the announced 1 November 2026 bonus increase. It cannot be published before 00:00 Sydney on that date, a fresh capture and explicit provider approval are still required.
- Qualification timing: Requirements are assessed in the current month. Check the settlement deadlines and exclusions in the requirements.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Community First.
- Reviewed personal AUD savings scenario. Community First Bank membership, subscription for a member share and identity checks are required. The CommFCU source is separate from the Easy Street brand despite the shared issuer.
- The current Goal Saver TMD targets members aged 16+. The Summary of Accounts says all members, younger scenarios are not approved by this review.
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Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected and verified on 1 Nov 2026.