First Option Bank savings accounts

Fact Checked

First Option started as a family of credit unions providing on-site banking services to employees in industries including leisure and hospitality, technology and gaming, food and fuel. Joining together over the years to form First Option Bank, they now provide a comprehensive range of financial services to members and their families. As a mutual bank they are fully owned by members, reinvesting earnings back into better interest rates and customer service.

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Last updated 21 November 2024 Important disclosures

First Option Bank savings accounts

  • Kids Bonus Saver

    Standard rate
    0.05 % p.a.
    (for $1 and over)
    Maximum rate
    5.55 % p.a.
    (for $1 to $5,556)
    Minimum $5 monthly deposit and no withdrawals to earn bonus interest each month.
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    Get your little ones on the right foot with a savings account with bonus interest when you deposit $5 or more per month and make no withdrawals. Access your money at any time via internet banking or our mobile app. Maximum balance $5,555 to receive bonus interest.

  • Savings+Bonus

    Standard rate
    2.00 % p.a.
    (for $1 to $250,000)
    Maximum rate
    5.00 % p.a.
    (for $1 to $250,000)
    Minimum $100 monthly deposit and no withdrawals to earn bonus interest each month.
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    Enjoy bonus interest when you deposit $100 or more per month and make no withdrawals. Access your money at any time via internet banking or our mobile app. Maximum balance $250,000 to receive bonus interest.

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