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  4. Savings+Bonus

Savings+Bonus

  • Bonus interest with conditions
  • App banking
  • Online banking
  • Linked account required

Maximum rate p.a.

4.75%*

Base rate p.a.

2.00%

Savings+Bonus

  • Bonus interest with conditions
  • App banking
  • Online banking
  • Linked account required

Maximum rate p.a.

4.75%*

Base rate p.a.

2.00%

RateCity says

"Enjoy a competitive ongoing bonus interest rate when you meet the conditions of this fee-free savings account."

Pros and Cons

For Savings+Bonus

Benefits

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

Drawbacks

  • This is a digital only product; branch and phone banking not available
  • Only available with linked transaction account

First Option Bank Rate Savings Account overview

For Savings+Bonus

Account Details

Maximum rate p.a.

4.75%*

Minimum age restrictions

Base rate p.a.

2.00%

Maximum age restrictions

Maximum rate condition

*Deposit at least $100 each month and no withdr...

Minimum opening deposit

$1

Interest calculation method

Whole Balance

Target Market Determination

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

Features

Joint application available

Is online only

Linked account required

Methods of Access

Internet facility

ATM access

Phone facility

Eftpos facility

Branch access

App

App only

Fees

Account keeping fees

$0

Eftpos fee

N/A

ATM withdrawal fee

N/A

Overseas eftpos fee

N/A

Internet transaction fee

N/A

Over the counter deposit fee

N/A

Phone transaction fee

N/A

Over the counter withdrawal fee

N/A

Other Restrictions

$5 per month membership fee may apply if your total accounts balance is less than $1,000