Savings account
First Option Bank Savings + Bonus
5.00%p.a. total
0.25% base + 4.75% bonus when the conditions are met
77th of 151 savings accounts · market average 4.46%
The RBA raised the cash rate to 4.85% on 4 November. SAVINGS + BONUS hasn't moved yet.
What the bonus asks
2 things each month- Each month
- A deposit of at least $100
- No withdrawals
- A month without them
Pays the 0.25% base rate on the whole balance.
- Who can open it
Anyone
- Balance
The bonus is paid on balances up to $250,000.
Rate history
No change since tracking began on 24 Sep- SAVINGS + BONUS
- RBA cash rate
- Market average
No changes recorded for this account since tracking began on 24 September 2026.
- #52SepSep 2026: ranked 52 of 120
- #70OctOct 2026: ranked 70 of 150
- #75NowNov 2026: ranked 75 of 151
- Top 5%
- Top 10%
- Top 25%
- Top half
- Lower half
In the top 50% for every one of the last 3 months.
- A year meeting the conditions
- $2,500
- A year without meeting the conditions
- $125
- Against the average (4.46%)
- +$271
On a $50,000 balance. Type yours above; it's kept with your savings preferences.
Earn Bonus interest on your savings account when you deposit $100 per month with no withdrawals
Notes from savers
to leave a note.
Other First Option Bank accounts: KIDS BONUS SAVER 5.55%
Pays 5.00% p.a. total (0.25% base plus 4.75% bonus) as of 9 November 2026. Ranks 77th of 151 savings accounts tracked by BankMate, 0.54 points above the average of 4.46%. It has not changed since tracking began on 24 September 2026. From First Option Bank's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·