First Option Bank Cash Management
cash management accountterms checked
Cash Management is a cash management account from First Option Bank. At $50,000 it pays 2.43% p.a. with no bonus conditions.
Rate tiers
Every balance band in the bank's feed: base is the rate the bank pays.
| Balance | Base |
|---|---|
| $0 – $5,000stepped: paid on the part of the balance in this band | 2.25% |
| $5,000.01 – $50,000stepped: paid on the part of the balance in this band | 2.45% |
| $50,000.01 – $100,000stepped: paid on the part of the balance in this band | 2.70% |
| $100,000.01 – $250,000stepped: paid on the part of the balance in this band | 3.15% |
| $250,000.01+stepped: paid on the part of the balance in this band | 3.25% |
The rates are stepped: each band's rate is paid on the part of the balance that falls in it, so a balance across several bands earns a blend of them.
Conditions
- a monthly membership fee applies unless the member has a $1,000 balance, a loan or credit card, is 25 or under, or is in the first 3 months
- 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 1 and over
- open to
- personal customers
Who can open it, in the bank's own words:
- residency: Australian Residents
About this account
CASH MANAGEMENT
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, TMD-Cash-Management-Account.pdf; 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
- Bonus Saver savings account, 3.55% conditional at $50,000
- 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
- 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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