CHRISTMAS SAVER

Savings & transaction accountsBank updated 2 June 2026

Apply at First Option Bank ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Base rate: 2.25%
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.

Typical 2.25%

0%1%2%3%4%

This account: 2.25%Every other institution's highest, 60 in all

Paid whatever you deposit or spend. One dot per institution, at its highest savings rate with no bonus conditions anyone can apply for; hover or tap a dot for its name.

Rate	This account	Best anywhere	Typical institution	Where it sits
No bonus conditionsPaid whatever you deposit or spend	2.25%	4.80%MoveBank's Online Saver	2.25%of 61 institutions	31st highest of 61, level with one other

Rates

The one rate First Option Bank publishes for this account.

Type	Applies to	Term	Band	Rate	Comparison	Conditions
Variable	-	-	-	2.25%	-	paid every 1 mo; Existing cust; New customer

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

XMASSAVEREARLYWDL
$10

Features

Instant paymentsPayID

Eligibility and limits

Residency: Australian Residents
Available to individuals

Compare it with others

All savings & transaction accounts Other First Option Bank savings & transaction accounts Everything First Option Bank publishes

Put this product through a calculator

Published by First Option Bank under the Consumer Data Right, last changed by them on 2 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.