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First Option Bank savings accounts

First Option Bank savings accounts at a glance

As of 20 Sept 2026, First Option Bank has 2 savings accounts in our dataset. The highest advertised rate is 5.55% p.a. on KIDS BONUS SAVER (up to $10,000), which requires you to deposit at least $5 each month and make no withdrawals during the month. Rates were last verified on 20 Sept 2026 against the bank's official product pages.

Rates as of 20 Sept 2026
BankProductMax rateOngoing rateIntro offerTop rate applies toConditions
First Option BankKIDS BONUS SAVER5.55% p.a.5.55% p.a.—Up to $10,000Deposit at least $5 each month. Make no withdrawals during the month.
First Option BankSAVINGS + BONUS5.00% p.a.5.00% p.a.—Any balanceDeposit at least $100 each month. Make no withdrawals during the month.

KIDS BONUS SAVER

For savers under 18.

Last updated: 20 Sept 2026

Advertised rate
5.55% p.a.
On balances up to $10,000
Rate details
Ongoing rate
5.55% p.a.
Base rate
0.05% p.a.
Bonus rate
5.50% p.a.
Max rate when conditions are met
5.55% p.a.
Bonus cap
$10,000
The bonus rate only applies up to the cap shown here.
How to get the best rate
  • Deposit at least $5 each month.
  • Make no withdrawals during the month.
Who can open it
  • Available up to age 17.
  • Conditions are assessed on a calendar-month basis.

SAVINGS + BONUS

Earn a 5.00% p.a. total variable rate (0.25% p.a. base + 4.75% p.a. bonus) on balances up to $250,000 each month you deposit at least $100 and make no withdrawals.

Last updated: 20 Sept 2026

Advertised rate
5.00% p.a.
Base + bonus rate
Rate details
Ongoing rate
5.00% p.a.
Base rate
0.25% p.a.
Bonus rate
4.75% p.a.
Max rate when conditions are met
5.00% p.a.
Bonus conditions need to be met for the max rate.
How to get the best rate
  • Deposit at least $100 each month.
  • Make no withdrawals during the month.
Who can open it
  • Intended for personal use only.

Rates, eligibility and product terms can change. Check the bank's official page before opening an account.