First Home Saver Account Providers Comparison
You can open your FHSA account with life insurance firms, banks, credit unions, building societies and public offer licensees that are approved and regulated by APRA. You can transfer your accounts between different providers but the individuals have to bear the transfer charges.
So if you fulfill the eligibility criteria take advantage of the First Home Saver Account that has come into existence from 1st October, 2008.
First Home Saver Accounts like any financial products should be assessed carefully. There will be fees and charges that you should be aware of. The interest rates will also be a key consideration.
Determining which provider to go with may also depend on your past experience. Some institutions are simply easier to deal with.