First Option Bank Savings Account Rates & Review

First Option Bank Savings Accounts as of June 2026

Total interest earned below is based on a $20,000 deposit amount over 1 year.

Time period

Deposit amount

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Bank	Savings Account	Base Interest Rate	Max Interest Rate	Total Interest Earned	Introductory Term	Minimum Amount	Maximum Amount	Linked Account Required	Minimum Monthly Deposit	Minimum Opening Deposit	Account Keeping Fee	ATM Access	Joint Application	Tags	Features	Link	Compare	Promoted Product	Disclosure
First Option Bank	First Option Bank Kids Bonus Saver	0.05% p.a. Bonus rate of 5.50% Rate varies on savings amount.	5.55% p.a.	$1,139	–	$0	$9,999		$5	$1	$0					More details	Compare
First Option Bank	First Option Bank Save Account	3.55% p.a.	3.55% p.a. Intro rate for 4 months then 3.55% p.a.	$716	4 months	$2,000	$99,999,999		$0	$0	$0					More details	Compare
First Option Bank	First Option Bank 55+ Spend Account	3.50% p.a.	3.50% p.a.	$711	–	$50,000	$99,999,999		$0	$$formattedMinOpeningDep.format("%,d",$!{product.minimumOpeningDeposit})	$0					More details	Compare
First Option Bank	First Option Bank Save Account	0.75% p.a.	0.75% p.a. Intro rate for 4 months then 0.75% p.a.	$150	4 months	$0	$1,999		$0	$0	$0					More details	Compare
First Option Bank	First Option Bank Kids Bonus Saver	0.05% p.a.	0.05% p.a.	$10	–	$10,000	$99,999,999		$5	$1	$0					More details	Compare

Important Information and Comparison Rate Warning

Important Information and Comparison Rate Warning

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Comparison Rate Warning and Base Criteria

For home loans, the base criteria include a $500,000 loan amount over 30 years. For car loans, the base criteria include a $30,000 loan over 5 years. For personal loans, the base criteria include a $20,000 loan over 5 years. These rates are only examples and may not include all fees and charges.

*The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Monthly Repayment Figures

Monthly repayment figures are estimates that exclude fees. These estimates are based on the advertised rates for the specified term and loan amount. Actual repayments will depend on your circumstances and interest rate changes.

Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you.

Related Brands

InfoChoice.com.au is proudly part of the InfoChoice Group, which includes Savings.com.au, YourMortgage.com.au, and YourInvestmentPropertyMag.com.au. The InfoChoice Group is associated with the Firstmac Group.

We may include products and services from loans.com.au, CarLoans.com.au, OnlineAuto.com.au, all associated with the Firstmac Group. Importantly, these brands are treated like any other commercial partner.

Learn more about how we manage conflicts of interest.

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