First Option BankRETIREMENT ACCESS
RETIREMENT ACCESS
Savings & transaction accountsBank updated 17 Sept 2026
At a glance
- Base rate
- 0.05%
- Monthly fee
- $5
Rates
Every rate First Option Bank publishes for this account, 3 in all.
| 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 |
Fees
16 fees published, grouped by when they're charged.
While you hold it4
- DORMANT$75 a year
- MEMBERSHIP_ADMIN_FEE
Membership Admin Fee
$5 a month - PAPER_STAT_FEE
Paper Statement Fee
$2.50 a month - PAPER_STAT_FEE
Paper Statement Fee
$2.50 a month
When you make a transaction6
- BANK@POST_WDL
Bank@Post withdrawal
$3 - EFTPOS_FEE
EFTPOS Transaction Exemptions
$0.50 - OVERSEAS_ATM_WDL
Overseas ATM withdrawal
$3.50 - OVERSEAS_ATM_WDL
Overseas ATM withdrawal
$3.50 - STAFF_ASSIST_FEE
Staff=assisted transfer fee
$5 - VISAOVERSEASCONV2.00% of transaction
When particular things happen6
- CARDREPLACEMENT$7.50
- CHARGEBACK_DISPUTE$30
- IBTEMPLIMIT$10
- VISACOPYTRANVOUCHER$30
- VISAEMERGCANCELDENIED$50
- VISAEMERGOVERSEAS$175
Features
Instant paymentsPayIDDigital bankingGoogle, Apple Pay, Samsung Pay
Eligibility and limits
- Minimum age 18
- 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 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.