SAVINGS + BONUS
Earn Bonus interest on your savings account when you deposit $100 per month with no withdrawals
- Base rate
- 0.25%
- Bonus rate
- 4.75%
- conditions apply
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 0.25% | SAVINGS + BONUS_Tier_1 | monthly |
| Variable | 0.25% | SAVINGS + BONUS_Tier_2 | monthly |
| Bonus | 4.75% | SAVINGS + BONUS_Tier_1 | monthly |
| Bonus | 3.15% | SAVINGS + BONUS_Tier_2 | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| DORMANT Charged yearly | Ongoing | $75.00 |
| IBTEMPLIMIT | Event | $10.00 |
| PAPER_STAT_FEE Charged monthly
| Ongoing | $2.50 |
STAFF_ASSIST_FEE
| Transaction | $5.00 |
Features
- Digital banking
- Real-time payments (NPP)
- Notifications
- Email, SMS
Eligibility
- Maximum age — 16 years
- Residency status — Australian Residents
- Individuals only
More Information
Published by First Option Bank under the Consumer Data Right · Last updated 2 June 2026 · Product ID SAVINGSPLUSBONUS · View on CDR.gov.au