
Congratulations, First Option Bank!
The First Option Bank Kids Bonus Saver was highly commended for Best Kids Savings Account in the 2025 Finder Awards.
Full list of 2025 winnersWe currently don't have that product, but here are others to consider:
How we picked theseThe Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.
We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?
We currently don't have that product, but here are others to consider:
How we picked theseWe assess multiple product features for transaction accounts from over 100 providers and assign each product a score out of 10.
We currently don't have that product, but here are others to consider:
How we picked theseFinder Score assigns Term Deposit products a score out of 10, comparing interest rates and features, to make comparison easier. We assess over 150 products from more than 90 providers, assessing products across different terms to determine an average score per product.
The First Option Bank Kids Bonus Saver was highly commended for Best Kids Savings Account in the 2025 Finder Awards.
Full list of 2025 winnersYou can apply for an account online through the First Option Bank website. Only Australian residents over the age of 18 may apply online, and you will need to be able to provide proof of identity with a driver’s licence or passport. Once you have completed and submitted your application a representative will contact you with the details of your account and information on how to get started on making your transactions.
If you haven't found what you're looking for yet, you can compare a wide range of additional savings accounts and bank accounts from other providers with Finder.
Earn a fixed interest rate on balances starting from just $1,000 with a First Option Bank term deposit.
Read Finder's review of the First Option Bank Kids Bonus Saver. Learn more about this account.