First Option BankBonus Saver
Bonus Saver Account
At a glance
- Up to
- 3.30%
- Base rate
- 0.05%
- Bonus rate
- 3.25%
- Monthly fee
- $5
How it compares
This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
What a bonus account pays in a month its conditions aren't met. One dot per institution, at its highest base rate on a bonus savings account anyone can apply for; hover or tap a dot for its name.
| Rate | This account | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Bonus savings accountBase plus bonus, when every condition is met | 3.30% | 5.75%Defence Bank Limited's iSaver | 5.25%of 51 institutions | 50th highest of 51 |
| Bonus account, conditions missedWhat a bonus account pays in a month its conditions aren't met | 0.05% | 3.45%Heritage's Online Saver Account | 0.10%of 43 institutions | 29th highest of 43, level with 6 others |
Rates
Every rate First Option Bank publishes for this account, 4 in all.
How the rate is made up
3.30%in a month every condition is met
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Bonus | - | - | up to $2,000,000 | 3.25% | - | paid every 1 mo |
| Bonus | - | - | $2,000,000+ | 3.25% | - | paid every 1 mo |
| Variable | - | - | up to $2,000,000 | 0.05% | - | paid every 1 mo |
| Variable | - | - | $2,000,000+ | 0.05% | - | paid every 1 mo |
Fees
5 fees published, grouped by when they're charged.
While you hold it3
- DORMANT$75 a year
- MEMBERSHIP_ADMIN_FEE
Membership Admin Fee
$5 a month - PAPER_STAT_FEE
Paper Statement Fee
$2.50 a month
When you make a transaction1
- STAFF_ASSIST_FEE
Staff=assisted transfer fee
$5
When particular things happen1
- IBTEMPLIMIT$10
Features
Eligibility and limits
- Minimum age 16
- Residency: Australian Residents
- Available to individuals
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Published by First Option Bank under the Consumer Data Right, last changed by them on 10 June 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.