First Option Bank
First Option Bank

Kids Bonus Saver

Amount Base Rate Max Rate
< $1000 0.05% 0.65%
$1000+ 0.05% 0.65%
$2000+ 0.05% 0.65%
$5000+ 0.05% 0.65%
$10000+ 0.05% 0.15%
$20000+ 0.05% 0.15%
$50000+ 0.05% 0.15%
$100000+ 0.05% 0.15%
$250000+ 0.05% 0.15%
$500000+ 0.05% 0.15%
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Bonus interest paid when minimum deposit of $5 and no withdrawals made each month. If account balance exceeds $5,000 then the higher bonus rate is paid on the portion below $5,000 while the lower bonus rate only applies to the portion above $5,000.

Key Features
No Account
Keeping Fee
Internet
Banking
Counter
Service
Phone
Banking
ATM
Required
Linked Account

Account Details

Account Type Youth
Min. Opening Amount $1.00
Min. Balance $1.00
Monthly Account Fee $0.00
Interest
Bonus interest paid when minimum deposit of $5 and no withdrawals made each month. If account balance exceeds $5,000 then the higher bonus rate is paid on the portion below $5,000 while the lower bonus rate only applies to the portion above $5,000.
Interest Calculation Frequency Daily
Interest Payment Frequency Monthly
Interest Paid In Steps?

ATM & EFTPOS Fees

ATM Withdrawal Fee $0.00
ATM Balance Fee $0.00
ATM Balance Fee $0.00
Daily ATM Withdrawal Limit $0.00
EFTPOS Fee $0.00
Debit Card Replacement Fee $0.00

Fee Details

Service Fee Frequency Monthly
Fee Rebate Available
Balance Required for Fee-Free $0.00

T&Cs

No Card Transaction fees for account holders under 21 years.

Internet & Phone Fees

Phone Transaction Fee $0.00
Internet Transaction Fee $0.00
Free Electronic Trans. per Month unlimited

Counter & Cheque Fees

Counter Deposit Fee $0.00
Counter Withdrawal Fee $0.00
Free Counter Trans. Per Month unlimited
Cheque Fee $0.00
Cheque Dishonour Fee $0.00
Debit Item Dishonour Fee $35.00

Overseas Access

Overseas ATM Facilities
Overseas ATM Balance Fee $0.00
Overseas ATM Withdrawal Fee $0.00
Overseas EFTPOS Fee $0.00
OS Emergency Card Replacement $175.00
Foreign Transaction Fee 0.00%