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First Option Bank

As of 18 September 2026, First Option Bank has 15 products across three of the 8 pillars BankMate tracks: 1 savings account, 8 term deposits and 6 personal loans. Its highest-placed product is BEGREEN LOAN at 6.23% comparison rate, 7th of 212 unsecured loans. Its rates last moved on 3 June 2026.

Pillars
3 of 8
No credit cards, home loans, superannuation…
Products tracked
15
1 savings account · 8 term deposits · 6 personal loans
Highest placed
#7
BEGREEN LOAN · of 212 unsecured loans
Last change
3 June 2026
2 changes on record

What changed

2 changes across 1 pillar since 27 Mar 2026
  1. Savings accountsKIDS BONUS SAVER 5.30 → 5.55Bonus rate 5.25% → 5.50% · 28 days after the RBA rise to 4.35%
    +0.25
  2. Savings accountsKIDS BONUS SAVER 5.05 → 5.30Bonus rate 5.00% → 5.25% · 30 days after the RBA rise to 4.10%
    +0.25

Savings accounts · 1

Total rate, conditions met · ranked among 94 accounts

Full savings accounts record for First Option Bank

Total rate is base plus bonus, assuming every monthly condition is met. Full savings history for First Option Bank · Compare all savings accounts

Term deposits · 8

Best rate per product, by term · ranked within each term
Show 3 more

Full term deposits record for First Option Bank

Rank compares deposits within the same headline term, as the Term deposit report does. Compare all term deposits

Personal loans · 6

Comparison rate · ranked within unsecured or secured loans
  • Unsecured · variable · any purpose · $175 application

    6.23%#7 of 212
  • Unsecured · variable · any purpose · $175 application

    8.24%#76 of 212
  • Unsecured · variable · any purpose · $175 application

    8.24%#76 of 212
  • Unsecured · variable · car loan · $175 application

    11.24%#156 of 212
  • Unsecured · variable · car loan · $175 application

    11.24%#156 of 212
Show 1 more
  • Unsecured · variable · any purpose · $175 application

    14.25%#192 of 212

Full personal loans record for First Option Bank

Lenders publish the lowest rate in their range; the rate offered depends on the applicant. Compare all personal loans · Personal loan report

First Option Bank has no credit cards, home loans, superannuation, share trading or crypto exchange that BankMate tracks. It is not part of a larger group on our register.

Notes on First Option Bank

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