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

	3.50%p.a. Variable Interest Rate*
	A Government approved tax rate of 15% on the interest you earn on your savings, which Wagga Mutual will automatically deduct from your account and pay to the Tax Office.
	1 % p.a. Bonus Interest will be paid by Wagga Mutual on the average annual balance of the savings held in the account at the completion of the four (4) year term.**
	17.00%p.a. tax-free government co-contributions when you make contributions of up to $5000 in any financial year
	To withdraw your savings, you must have contributed at least $1000 per year into your First Home Saver Account for at least four (4) separate financial year.
	Become eligible to apply for a Wagga Mutual First Home Mortgage Loan with a guaranteed reduced interest rate of 0.50%p.a. below the standard variable interest rate for the first two (2) years of the mortgage term.***

More Information

Need answers? Check out our FAQs
View our Rates and Fees

Apply

Apply for a First Home Saver Account

_{* Interest will be calculated on a 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 to apply for a Wagga Mutual First Home Mortgage Loan.}