ME Bank First Home Saver

So far so good – I recently joined them starting a FHSA. They have been really professional on phone and have done really well with regard to opening the account etc so far. Found them really helpful over the phone and do have 'listening' skills. Thouroughly recommended if you are planning to save with FHSA, If you are a 'Saver Savvy' then certainly a 'must-have' account to have. Easy to talk to a customer rep

Excellent – If you are certain you are going to buy a house in a few years, you cannot go wrong opening one of these accounts. A great rate of interest along with the government co-contribution (up to a level of $75,000) means you get a real helping hand without really trying. This is easily the best of the First Home Saver accounts on the market - it's so far ahead of the others, it is not funny. None, this is an outstanding example of what a financial product should be. The only con is with this type of account generally, in that you need to be sure you are going to buy a house, or the money will end up in your super fund.

Excellent – This account always seems to get a big thumbs up from financial advisers on television and it is one of the best interest rates going for this type of account. It really does offer a very good interest rate and along with the government co contribution, it results in quite a bonus amount of interest that will definitely help speed along saving for a first home. You can earn 6.25 per cent annually on each dollar invested in this account and that interest rate does not stagnate. Definitely a good paying interest with this account and perfect if you want a bit of a boost while saving for a first home. That your money saved into the account will go into your super if you decide not to buy a home in the end.

Excellent – i chose the members equity first home saver account as they were one of the first that had got their act together and organised the type of account, my dad had also recommended them as he has banked with them for years. i have not one bad thing to say about the company or the account. 5 stars. everything, great interest rate from members equity and also the government contribution means you are getting alot of interest on your savings, easy to use on the internet, easy to get hold of on the phone to ask questions none at all

ME First Home Saver Account – We have had the FHSA with ME Bank, has been a good way to save although have had diffiuclties around the processes in accessing the money in a timely manner which is one of the most important things when you are saving for a house deposit The account itself was a great way to save money for a deposit toward our first home We have had nothing but difficulites with ME Bank since we have been trying to get the money out so we can pay the deposit on our first home. When we call the call centre we have recieved a range of diffierent responses on how long it will take to get access to the money, starting at 2 working days from the first person we spoke to now ranging up to 4 working days. It seems like it might have just been better to put the money in a high interest account so we could get access to the money in a timely manner (which is what you need for a house deposit!)