First Home Saver Account
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4. How bnext helps you save
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Your savings earn high interest
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• The savings in your bnext First Home Saver Account earn a high variable interest rate, helping you to get your first home quicker.
See here for our current interest rate.
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Your savings will not go down
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• The bnext First Home Saver Account is a bank account – so what you put in, stays in. And, we don’t charge any day-to-day fees which can also reduce your savings.
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An example of how savings can grow
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If you save $100 a week for 4 years, your savings could grow to around $27,000, after Government contributions and interest.
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This is a general example based on an account earning 5% interest (after tax and any fees) and may be different from the actual interest bnext pays. To find out how much you need to save use the calculator at www.fido.gov.au/firsthomesaver
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