First Option Bank12 MTH FIXED TERM BUSINESS
Interest Paid at Maturity
At a glance
- Best rate
- 5.30% for 12m
- 12 months
- 5.30%
- Min deposit
- $1,000
How it compares
This term deposit in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This term deposit | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Business 12-month term depositBest rate for a 12-month term | 5.30% | 5.70%AMP Bank GO 12 Month Business Term Deposit | 5.30%of 17 institutions | 8th highest of 17, level with 4 others |
Rates
The one rate First Option Bank publishes for this term deposit.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Fixed | - | 1 yr | $1,000–$9,999,999 | 5.30% | - | paid at maturity |
Rate changes
One change logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 14 Oct 2026 | Fixed, 1 yr, $1,000–$9,999,999 | 5.10% | 5.30% | up 0.20 |
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
One fee published, grouped by when they're charged.
While you hold it1
- BUSINESSMBRSHIP
Business Membership fee
$10 a month
Features
Eligibility and limits
- Residency: Australian Residents
- Available to businesses
- Minimum balance $1,000
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Published by First Option Bank under the Consumer Data Right, last changed by them on 13 Oct 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.