Money / Banks
First Option Bank
What First Option Bank publishes about its products under the Consumer Data Right, as at 16 October 2026. For current details, check First Option Bank's own website.
Savings and transaction accounts
Rates for a $10,000 balance. Compare with other banks.
| Account | If you miss the conditions | Bonus | With the bonus | What you have to do |
|---|---|---|---|---|
| Bills Account | 0.50% | – | 0.50% | No bonus |
| Bonus Saver | 0.05% | 3.25% | 3.30% | The bank's data doesn't say. |
| BUSINESS CASH HUB | 0.50% | – | 0.50% | No bonus |
| CASH MANAGEMENT | 2.20% | – | 2.20% | No bonus |
| CHRISTMAS SAVER | 2.25% | – | 2.25% | No bonus |
| GST/TAX SAVER | 0.50% | – | 0.50% | No bonus |
| KIDS BONUS SAVER | 0.05% | 5.50% | 5.55% | The bank's data doesn't say. Bonus only on balances up to $10,000 Up to age 17 |
| RETIREMENT ACCESS | 3.25% | – | 3.25% | No bonus |
| S11 RETIREMENT ACCESS | 3.00% | – | 3.00% | No bonus |
| Save Account | 3.55% | – | 3.55% | No bonus New accounts: an extra 1.50% for 4 months |
| SAVINGS + BONUS | 0.25% | 4.75% | 5.00% |
Bonus only on balances up to $250,000 Up to age 16 In the bank's wordsEarn Bonus interest on your savings account when you deposit $100 per month with no withdrawals |
| Smart Start Access Saver | 3.25% | – | 3.25% | No bonus. Ages 13 to 24 |
| Special Purpose | 0.50% | – | 0.50% | No bonus |
| Spend Account | 0.05% | – | 0.05% | No bonus |
| Super Cash Hub | 0.75% | – | 0.75% | No bonus |
Term deposits
The rate for $10,000 (or the smallest deposit it takes). Compare with other banks.
| Product | 3 months | 6 months | 12 months | 24 months | Smallest deposit |
|---|---|---|---|---|---|
| 12 MONTH FIXED TERM changed 13 Oct | – | – | – | – | $1,000 |
| 12 Month Regular Income Term Deposit changed 13 Oct | – | – | 5.25% | – | $25,000 |
| 12 MTH FIXED TERM BUSINESS changed 13 Oct | – | – | 5.30% | – | $1,000 |
| 24 Month Business Fixed Term Deposit changed 13 Oct | – | – | – | 4.80% | $1,000 |
| 24 MONTH FIXED TERM changed 13 Oct | – | – | – | 5.00% | $1,000 |
| 3 Month Fixed Term changed 13 Oct | – | – | – | – | $1,000 |
| 3 MTH FIXED TERM BUS changed 13 Oct | 4.90% | – | – | – | $1,000 |
| 6 Month Fixed Term changed 13 Oct | – | – | – | – | $1,000 |
| 6 Month Fixed Term Business Term Deposit changed 13 Oct | – | – | – | – | $1,000 |
| 6 Month Regular Income Term Deposit | – | 0.05% | – | – | $25,000 |
| 9 Month Fixed Term changed 13 Oct | – | – | – | – | $1,000 |
| REGULAR INCOME 24MTH changed 13 Oct | – | – | – | 4.85% | $25,000 |
Home loans
Owner-occupier, principal and interest, borrowing 80% of the home's value. Compare with other banks.
| Loan | Variable | Comparison |
|---|---|---|
| COMPLETE PACKAGE HOME LOAN | 6.24% | 6.59% |
| SIMPLE HOME LOAN | 6.19% | 6.19% |
Credit cards
| Card | Purchases | Annual fee | Owing $2,000 |
|---|---|---|---|
| VISA CREDIT CARD | 10.49% | $48 | $258 |
Other products in these groups
These don't list rates we can show in a table (for example, accounts that pay no interest).
- MORTGAGE OFFSET Savings and transaction accounts
Rates changed on 838 products since 12 October 2026. Each one is marked "changed" below.
General information, not advice. This shows what banks publish. It doesn't recommend any product, and the order of a table is not a ranking. Rates change, so check the bank's own page for current details before you decide anything.
Source: First Option Bank product data, published under the Consumer Data Right, as at 16 October 2026. Every product name links to its page at First Option Bank, which has the current details.