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First Option Bank savings accounts

As of 18 September 2026, First Option Bank has one savings account tracked by BankMate. It pays 5.55% p.a. total, which ranks 5th of 93 accounts and sits 0.69 points above the market average of 4.86%. Its rates last changed on 3 June 2026.

Top rate
5.55%
Total rate, conditions met
Market rank
#5
of 93 accounts
Market average
4.86%
+0.69 for the top rate
Last change
3 June 2026
2 changes on record

Rates over time

Total rate, conditions met
  • KIDS BONUS SAVER
  • RBA cash rate
  • Market average
4.004.505.005.50AprMayJunJulAugToday5.55

What changed

2 changes since 27 Mar 2026
  1. KIDS BONUS SAVER 5.30 → 5.5528 days after the RBA rise to 4.35%
    +0.25
  2. KIDS BONUS SAVER 5.05 → 5.3030 days after the RBA rise to 4.10%
    +0.25

Accounts

Ranked by total rate
  • 🏦

    Bonus up to $10k

    5.55%#5 of 93

Total rate is base plus bonus, assuming every monthly condition is met. Rank is among the 93 savings accounts BankMate tracks. Compare all accounts

Notes from savers

to leave a note.