In this guide

  • Our verdict
  • Details
    • Product details
  • Key features
  • How to apply
  • Your reviews
  • Ask a question

First Option Bank Save Account

First Option Bank Save Account

We currently don't have this product on Finder

Maximum variable rate
3.05% p.a.
Base interest rate
0.75% p.a.

Our verdict

Earn an ongoing interest rate with easy access to your money when you need it.

This account could suit you if you’re looking for a set-and-forget option to grow your savings with access to withdrawals whenever you need.

Pros

  • Competitive introductory rate
  • No monthly deposit conditions or withdrawal restrictions
  • Earn interest on large balances up to $250,000

Cons

  • Ongoing variable rate is lower than others in the market

In this guide

  • Our verdict
  • Details
    • Product details
  • Key features
  • How to apply
  • Your reviews
  • Ask a question

Details

Product details

Product Name First Option Bank Save Account
Maximum Variable Rate 3.05% p.a.
Standard Variable Rate 0.75% p.a.
Monthly Account Fee $0
Minimum Age 18

Key features

Ongoing variable interest rate of 3.05% p.a.

You'll earn an ongoing rate of 3.05% p.a when you keep your balance above $2,000. This rate is available on balances up to $250,000, with no deposit conditions or withdrawal restrictions to meet.

If your balance is below $2,000 you'll earn the standard rate instead.

Standard variable rate of 0.75% p.a.

You'll earn the standard variable rate of 0.75% p.a. if your balance is below $2,000.

There are no deposit conditions to meet to get this rate, and there aren't any withdrawal restrictions either.

No account fees

There are no monthly account keeping fees for this savings account, and there are no fees to transfer money into or out of the account.


How to apply

Complete the enquiry form online and someone from First Option Bank will get in touch with you to open an account. You'll also become a member of the bank when you open an account.

Eligibility

  • You need to be an Australian resident
  • You need to be at least 18 years old
  • You'll need at least 2 of the following forms of ID: Australian passport, driver's licence or Medicare card.

Your reviews

No reviews yet. Write a review

Ask a question

Ask a question
Avatar

AAAAFinder Finder

Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Go to site