RETIREMENT ACCESS

Savings & transaction accountsBank updated 17 Sept 2026

At a glance

Base rate: 0.05%
Monthly fee: $10

§ 01 — Rates · 3

Type	Applies to	Term	Band	Rate	Comparison	Conditions
Variable	—	—	up to $5,000	0.05%	—	paid every 1 mo
Variable	—	—	$5,000–$50,000	3.25%	—	paid every 1 mo
Variable	—	—	$50,000+	3.50%	—	paid every 1 mo

§ 02 — Fees · 16

Fee	Type	Amount	When	Notes
CARDREPLACEMENT	Event	$7.50	—	—
CHARGEBACK_DISPUTE	Event	$30	—	—
IBTEMPLIMIT	Event	$10	—	—
VISACOPYTRANVOUCHER	Event	$30	—	—
VISAEMERGCANCELDENIED	Event	$50	—	—
VISAEMERGOVERSEAS	Event	$175	—	—
DORMANT	Periodic	$75	Every 1 yr	—
MEMBERSHIP_ADMIN_FEE	Periodic	$5	Every 1 mo	Membership Admin Fee
PAPER_STAT_FEE	Periodic	$2.50	Every 1 mo	Paper Statement Fee
PAPER_STAT_FEE	Periodic	$2.50	Every 1 mo	Paper Statement Fee
BANK@POST_WDL	Transaction	$3	—	Bank@Post withdrawal
EFTPOS_FEE	Transaction	$0.50	—	EFTPOS Transaction Exemptions
OVERSEAS_ATM_WDL	Transaction	$3.50	—	Overseas ATM withdrawal
OVERSEAS_ATM_WDL	Transaction	$3.50	—	Overseas ATM withdrawal
STAFF_ASSIST_FEE	Transaction	$5	—	Staff=assisted transfer fee
VISAOVERSEASCONV	Transaction	2.00% of transaction	—	—

§ 03 — Features

Instant paymentsPayIDDigital bankingGoogle, Apple Pay, Samsung Pay

§ 04 — Eligibility & limits

· Minimum age 18
· Residency: Australian Residents
· Available to individuals

§ 05 — Compare

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

§ 06 — Run the numbers

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Savings goal

How long a target takes at a given rate and deposit.

Compound interest

What a balance grows to with monthly interest.

Published by First Option Bank under the Consumer Data Right, last changed by them on 17 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.