First Option BankSAVINGS + BONUS
Earn Bonus interest on your savings account when you deposit $100 per month with no withdrawals
Savings & transaction accountsBank updated 7 Sept 2026
At a glance
- Up to
- 5.00%
- Base rate
- 0.25%
- Bonus rate
- 4.75%
Rates
Every rate First Option Bank publishes for this account, 4 in all.
How the rate is made up
5.00%in a month every condition is met
0.25% base rate4.75% bonus, when its conditions are met
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Bonus | - | - | up to $250,000 | 4.75% | - | paid every 1 mo |
| Bonus | - | - | $250,000+ | 3.15% | - | paid every 1 mo |
| Variable | - | - | up to $250,000 | 0.25% | - | paid every 1 mo |
| Variable | - | - | $250,000+ | 0.25% | - | paid every 1 mo |
Fees
4 fees published, grouped by when they're charged.
While you hold it2
- DORMANT$75 a year
- 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 paymentsDigital banking
Eligibility and limits
- Maximum age 16
- 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 7 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.