First Option Bank
CASH MANAGEMENT
CASH MANAGEMENT
Savings & transaction accountsBank updated 11 Sept 2026
At a glance
- Base rate
- 2.00%
- Monthly fee
- $7.50
§ 01 — Rates · 5
| 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 |
§ 02 — Fees · 3
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| MEMBERSHIP_ADMIN_FEE | Periodic | $5 | Every 1 mo | Membership Admin Fee |
| PAPER_STAT_FEE | Periodic | $2.50 | Every 1 mo | Paper Statement Fee |
| STAFF_ASSIST_FEE | Transaction | $5 | — | Staff=assisted transfer fee |
§ 03 — Features
Instant paymentsPayIDDigital banking
§ 04 — Eligibility & limits
- · Minimum age 1
- · Residency: Australian Residents
- · Available to individuals
§ 05 — Compare
§ 06 — Run the numbers
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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.