Important disclosure

First Option Credit Union Limited

Kids Bonus Saver < 18

Real Time Rating™

  • Bonus interest with conditions
  • App banking
  • Online banking

special

Deposit a minimum of $5 per month (pocket money!) without making a withdrawal and earn bonus interest up to 5.55% p.a. on balances up to $5,555.
Maximum rate

5.55%*

p.a

Base rate

0.05%

p.a

RateCity says

“Show your kids how their money can grow with the help of this savings account, offering a competitive interest rate and no account keeping fees.”

Real Time Rating™
Tags
  • Bonus interest with conditions
  • App banking
  • Online banking
Maximum rate

5.55%*

p.a

Base rate

0.05%

p.a

Pros and cons

For Kids Bonus Saver < 18

Benefits

  • Maximum interest rate ranked in the best 20% (conditions may apply)
  • Ongoing bonus interest (conditions apply)
  • No ongoing account fees
  • No minimum balance

First Option Bank Rate Savings account overview

For Kids Bonus Saver < 18

Account Details

Maximum rate

5.55%*

p.a

Minimum age restrictions

Base rate

0.05%

p.a

Maximum age restrictions

18

Maximum rate condition

*Deposit at least $5 per month and make no with...

Minimum opening deposit

$0

Interest calculation method

Tiered

Target Market Determination

Visit First Option Credit Union Limited to view Target Market Determination.

Features

Joint application available

Is online only

Methods of Access

Internet facility

ATM access

Phone facility

Eftpos facility

Branch access

App

App only

Fees

Eftpos fee

$0

ATM withdrawal fee

$0

Overseas eftpos fee

$0

Internet transaction fee

$0

Over the counter deposit fee

$0

Phone transaction fee

$0

Over the counter withdrawal fee

$0

Specials
  • Other Deposit a minimum of $5 per month (pocket money!) without making a withdrawal and earn bonus interest up to 5.55% p.a. on balances up to $5,555.

How to apply

If you'd like to apply for this product or just get more information, follow the application process on First Option Bank.