First Option Bank
SAVINGS + 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
- Base rate
- 0.25%
- Bonus rate
- 4.75%
- Up to
- 5.00%
- Monthly fee
- $2.50
§ 01 — Rates · 4
| 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 |
§ 02 — Fees · 4
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| IBTEMPLIMIT | Event | $10 | — | — |
| DORMANT | Periodic | $75 | Every 1 yr | — |
| PAPER_STAT_FEE | Periodic | $2.50 | Every 1 mo | Paper Statement Fee |
| STAFF_ASSIST_FEE | Transaction | $5 | — | Staff=assisted transfer fee |
§ 03 — Features
Instant paymentsDigital banking
§ 04 — Eligibility & limits
- · Maximum age 16
- · 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 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.