First Option BankCASH MANAGEMENT
CASH MANAGEMENT
Savings & transaction accountsBank updated 11 Sept 2026
At a glance
- Base rate
- 2.00%
- 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.
| Rate | This account | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| No bonus conditionsPaid whatever you deposit or spend | 2.00% | 4.80%MoveBank's Online Saver | 2.25%of 61 institutions | 33rd highest of 61, level with 2 others |
Rates
Every rate First Option Bank publishes for this account, 5 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | - | - | up to $5,000 | 2.00% | - | paid every 1 mo |
| Variable | - | - | $100,000–$250,000 | 2.90% | - | paid every 1 mo |
| Variable | - | - | $250,000+ | 3.00% | - | paid every 1 mo |
| Variable | - | - | $5,000–$50,000 | 2.20% | - | paid every 1 mo |
| Variable | - | - | $50,000–$100,000 | 2.45% | - | paid every 1 mo |
Fees
3 fees published, grouped by when they're charged.
While you hold it2
- 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
Features
Instant paymentsPayIDDigital banking
Eligibility and limits
- Minimum age 1
- 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 11 Sept 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.