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First Home Saver Account

Want to buy or build your first home? The First home saver account provides a simple, tax effective way for first homebuyers to save.

5.75%p.a. Variable Interest Rate*
1.00%p.a. Bonus Interest will be paid by Wagga Mutual on the average annual balance of savings held in the account at the completion of the 4 year term**
17.00%p.a. tax-free government co-contributions when you make contributions of up to $5000 during a year
Become eligible to apply for a Wagga Mutual First Home Mortgage Loan with a reduced standard variable interest rate of 0.50%p.a. for the first 2 years of the mortgage term***

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Apply for a First Home Saver Account

* Interest will be calculated on daily closing balances & paid on an annual basis.
** Bonus Interest will be paid if a Wagga Mutual First Home Mortgage Loan is approved.
*** A Wagga Mutual First Home Saver Account must be held with Wagga Mutual for a minimum of 2 years to become eligible for a Wagga Mutual First Home Mortgage Loan.

 


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