Special Purpose
SPECIAL PURPOSE
- Base rate
- 0.5%
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable | 0% | — | Special Purpose_Tier_1 |
| Variable | 13.99% | — | Special Purpose_Tier_2 |
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 0.5% | — | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
STAFF_ASSIST_FEE
| Transaction | $5.00 |
| MEMBERSHIP_ADMIN_FEE Charged monthly
| Ongoing | $5.00 |
CHEQUE_FEE
| Transaction | $2.00 |
BANK@POST_WDL
| Transaction | $3.00 |
EFTPOS_FEE
| Transaction | $0.50 |
| CARDREPLACEMENT | Event | $7.50 |
| CHARGEBACK_DISPUTE | Event |
Features
- PayID
- Real-time payments (NPP)
- Digital banking
- Notifications
- Email, SMS
Eligibility
- Individuals onlyIndividual & Joint Accounts
- Residency statusAustralian Residents
More Information
Published by First Option Bank under the Consumer Data Right · Last updated 2 June 2026 · Product ID SPECIAL_PURPOSE · View on CDR.gov.au