At a glance
- Base rate
- 0.00%
- 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 $2,000 | 0.75% | - | paid every 1 mo; New customer; Existing cust |
| Variable | - | - | $2,000–$2,000,000 | 3.55% | - | paid every 1 mo; New customer; Existing cust |
| Variable | - | - | $2,000,000+ | 0.00% | - | paid every 1 mo; New customer; Existing cust |
Rate changes
One change logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 22 Sept 2026 | Introductory, 4 mo intro | 2.00% | 1.50% | down 0.50 |
Each change is logged the night it appears in the rates First Option Bank publishes. See how every lender answered the RBA on the rate tracker.
Fees
5 fees published, grouped by when they're charged.
While you hold it3
- DORMANT$75 a year
- 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
When particular things happen1
- IBTEMPLIMIT$10
Features
Instant paymentsPayIDDigital banking
Eligibility and limits
- 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 6 Nov 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.