At a glance
- Base rate
- 0.00%
- Intro rate
- 1.50% for 4 mo
- Monthly fee
- $7.50
§ 01 — Rates · 4
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Introductory | — | 4 mo intro | — | 1.50% | — | paid every 1 mo; New customer; Existing cust |
| 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 |
§ 02 — Fees · 5
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| IBTEMPLIMIT | Event | $10 | — | — |
| 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 |
| STAFF_ASSIST_FEE | Transaction | $5 | — | Staff=assisted transfer fee |
§ 03 — Features
Instant paymentsPayIDDigital banking
§ 04 — Eligibility & limits
- · Residency: Australian Residents
- · Available to individuals
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
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.