Savings account
First Option Bank Save Account
0.75%p.a. total
No bonus conditions: the rate is paid every month
151st of 158 savings accounts · market average 4.37%
The RBA raised the cash rate to 4.85% on 4 November. Save Account hasn't moved yet.
What it asks
Nothing each month- Each month
Nothing. The rate is paid every month.
- Who can open it
Anyone
- Balance
The top rate is paid on balances up to $2,000.
Rate history
No change since tracking began on 11 Nov- Save Account
- RBA cash rate
- Market average
No changes recorded for this account since tracking began on 11 November 2026.
- #151NowNov 2026: ranked 151 of 158
- Top 5%
- Top 10%
- Top 25%
- Top half
- Lower half
Ranked #151 of 158 this month. Tracking begins here.
- Interest a year
- $1,839
- Each month
- $153
- Against the average (4.37%)
- −$344
On a $50,000 balance. Type yours above; it's kept with your savings preferences.
On $50,000: 0.75% to $2k, then 3.80%.
Notes from savers
to leave a note.
Other First Option Bank accounts: KIDS BONUS SAVER 5.80% · SAVINGS + BONUS 5.25%
Pays 0.75% p.a. with no bonus conditions as of 11 November 2026. Ranks 151st of 158 savings accounts tracked by BankMate, 3.62 points below the average of 4.37%. It has not changed since tracking began on 11 November 2026. From First Option Bank's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·