First Option Bank Save Account
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- Maximum variable rate
- 4.60% p.a.
- Base interest rate
- 2.80% p.a.
Our verdict
This savings account offers a bonus introductory interest rate on your balance with no conditions to meet.
This account offers an introductory bonus rate of 4.60% p.a. for the first 4 months for balances up to $250,000. This rate is fixed for the introductory period, so it will not change. After the introductory period, you’ll earn an ongoing variable rate of 2.80% p.a. without having to meet any conditions.
This account could suit you if you’re looking for a set-and-forget option to grow your savings without having to jump through any hoops.
Pros
-
Competitive introductory rate
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No monthly deposit conditions or withdrawal restrictions
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Earn interest on large balances up to $250,000
Cons
-
Ongoing variable rate is lower than others in the market
Details
Product details
| Product Name | First Option Bank Save Account |
| Maximum Variable Rate | 4.60% p.a. |
| Standard Variable Rate | 2.80% p.a. |
| Monthly Account Fee | $0 |
| Minimum Age | 18 |
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
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