Savings account · Up to 17 years
First Option Bank Kids Bonus Saver
5.55%p.a. total
0.05% base + 5.50% bonus when the conditions are met
17th of 151 savings accounts · market average 4.37%
The RBA raised the cash rate to 4.60% on 30 September. KIDS BONUS SAVER hasn't moved yet. After the May rise it moved 28 days later.
What the bonus asks
2 things each month- Each month
- A deposit of at least $5
- No withdrawals
- A month without them
Pays the 0.05% base rate on the whole balance.
- Who can open it
Anyone under 18
- Balance
The bonus is paid on balances up to $10,000.
Rate history
Last change 3 June- KIDS BONUS SAVER
- RBA cash rate
- Market average
June 20261 change
- 3Wed
- 5.30 → 5.55Bonus rate 5.25% → 5.50% · 28 days after the RBA rise to 4.35%+0.25
April 20261 change
- 17Fri
- 5.05 → 5.30Bonus rate 5.00% → 5.25% · 30 days after the RBA rise to 4.10%+0.25
- #9MarMar 2026: ranked 9 of 64
- #5AprApr 2026: ranked 5 of 76
- #9MayMay 2026: ranked 9 of 79
- #4JunJune 2026: ranked 4 of 79
- #4JulJuly 2026: ranked 4 of 80
- #4AugAug 2026: ranked 4 of 80
- #5SepSep 2026: ranked 5 of 120
- #16OctOct 2026: ranked 16 of 150
- #17NowNov 2026: ranked 17 of 151
- Top 5%
- Top 10%
- Top 25%
- Top half
- Lower half
In the top 10% for 5 of the last 9 months. Never below the top 25%.
- A year meeting the conditions
- $795
- A year without meeting the conditions
- $25
- Against the average (4.37%)
- −$1,389
On a $50,000 balance. Type yours above; it's kept with your savings preferences.
On $50,000: 5.55% to $10k, then 0.60%.
Notes from savers
to leave a note.
Other First Option Bank accounts: SAVINGS + BONUS 5.00%
Pays 5.55% p.a. total (0.05% base plus 5.50% bonus) as of 1 November 2026. Ranks 17th of 151 savings accounts tracked by BankMate, 1.18 points above the average of 4.37%. The rate last rose on 3 June 2026, 28 days after the RBA raised the cash rate to 4.35%. From First Option Bank's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·