First Option Bank Bonus Saver
savings accountexisting customersterms checked
Bonus Saver is a savings account from First Option Bank. It pays 3.55% p.a. in a month in which the bank's conditions, which its feed does not state, are met and 0.05% when they are not.
Rate tiers
Every balance band in the bank's feed: base is the rate when the bonus conditions are not all met, bonus the add-on for meeting them, conditional the two together.
| Balance | Base | Bonus | Conditional |
|---|---|---|---|
| $0+ | 0.05% | 3.50% | 3.55% |
The bonus is paid on top of the base rate in a month in which the conditions are met; conditional is the two together, and the base rate is what is paid otherwise.
The feed states no cap on the balance that earns the bonus.
Conditions
For the bonus rate
- bonus conditions not stated in the feed
Other conditions
- legacy account, closed to new members; only existing members hold it
- bonus rate needs a deposit of at least $100 and no withdrawals in the month; otherwise 0.05%
- you must be eligible to join First Option Bank as a member (by employer or industry, family relation of a member, former member or board-approved affinity) before opening
Features
- app
- yes
- Osko
- yes
- PayID
- yes
- notifications
- yes
Fees, limits and who can open it
- monthly fee
- no monthly fee stated
- interest paid
- monthly
- interest calculated
- daily
- age
- ages 16 and over
- open to
- personal customers
- existing customers
- existing customers only
Who can open it, in the bank's own words:
- residency: Australian Residents
About this account
Bonus Saver Account
Data
- First Option Bank's own page for this account.
- The bank's documents its product record links to: terms and conditions, fees, eligibility.
- Our verbatim snapshot of the bank's product record (source), as fetched on 12 November 2026.
- We read the bank's own page and terms against this page on 1 November 2026: Deposit-Account-Interest-Rates-October-2026.pdf, 0626-Summary-of-Account-and-Access-Facilities.pdf, MembershipAccounts-Fees-Charges-2026.pdf, disclosure-statements, deposit-rates, join, about-us, conditions-of-use, high-interest-savings, kids-banking, accounts, everyday-banking; conditions they state and its feed does not are listed above.
/au/finance/savings-accounts/v1/brands/first-option-bank.json: this bank's accounts and every balance band as JSON; First Option Bank's page lists them.- The bank last updated this record on 11 November 2026. Rates are per annum as the bank states them; "stale" means the bank has not updated the record for over 60 days or since the latest cash rate change.
Other accounts at First Option Bank
- Christmas Saver savings account, 2.50% base at $50,000
- Kids Bonus Saver savings account, 1.84% conditional at $50,000
- Retirement Access savings account, 3.15% base at $50,000
- S11 Retirement Accessstale savings account, 2.71% base at $50,000
- Save Account savings account, 3.44% base at $50,000
- Savings + Bonus savings account, 5.25% conditional at $50,000
- Smart Start Access Saverstale savings account, 3.19% base at $50,000
- Special Purposestale savings account, 0.50% base at $50,000
- Business Cash Hub cash management account, 0.68% base at $50,000
- Cash Management cash management account, 2.43% base at $50,000
- Super Cash Hub cash management account, 0.90% base at $50,000
- Bills Accountstale transaction account, 0.50% base at $50,000
- Spend Accountstale transaction account, 0.05% base at $50,000
All of First Option Bank's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.
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