The Finance Algorithm
First Option Bank

6 Month Regular Income Term Deposit

Interest Paid Monthly

Term depositsBank updated 4 June 2026
At a glance
Best rate
0.05% for 6m
Min deposit
$25,000
§ 01 — Rates · 4
TypeApplies toTermBandRateComparisonConditions
Fixed6 mo$25,000–$25,0000.05%paid every 1 mo
Fixed6 mo$25,000–$250,0000.05%paid every 1 mo
Fixed6 mo$250,000–$500,0000.05%paid every 1 mo
Fixed6 mo$500,000–$500,0000.00%paid every 1 mo
§ 02 — Fees · 1
FeeTypeAmountWhenNotes
MEMBERSHIP_ADMIN_FEEPeriodic$5Every 1 moMembership Admin Fee
§ 03 — Features
Digital banking
§ 04 — Eligibility & limits
  • · Residency: Australian Residents
  • · Available to individuals
  • · Minimum balance $25,000

Published by First Option Bank under the Consumer Data Right, last changed by them on 4 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.