First Option Bank
24 MONTH FIXED TERM
Interest paid every 12 months
Term depositsBank updated 16 June 2026
At a glance
- Best rate
- 4.75% for 24m
- Min deposit
- $1,000
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Fixed | — | 2 yrs | $1,000–$2,000,000 | 4.75% | — | paid every 1 yr |
§ 02 — Fees · 1
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| MEMBERSHIP_ADMIN_FEE | Periodic | $5 | Every 1 mo | Membership Admin Fee |
§ 03 — Features
None published.
§ 04 — Eligibility & limits
- · Residency: Australian Residents
- · Available to individuals
- · Minimum balance $1,000
§ 05 — Compare
§ 06 — Run the numbers
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Published by First Option Bank under the Consumer Data Right, last changed by them on 16 June 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.