Major banks back first home saver accounts

The first home saver accounts are part of the Government’s first home saver scheme which it hopes will ‘provide a simple, tax effective way for Australians to save for their first home through a combination of Government contributions and low taxes’.

According to The Australian Financial Review CBA will pay an interest rate of 6.5 per cent while ANZ will pay a rate of 7 per cent.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 22 September 2008