Savings & Investment Rates

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Our interest rates have been designed with you in mind - our Members.

We offer competitive savings and investment rates as we do not have shareholders taking a percentage of our profits. Any profits we make are returned to you through better products, more competitive rates and lower fees.

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Savings Accounts Interest Rate
Bonus Saver Account  
$1 - $1,999 1.20% pa**
Portion $2,000 - $24,999 1.30% pa**
Portion $25,000 - $1,000,000^ 1.35% pa**
Bonus interest rate 1.20% pa
iT Saver  
$1 - $1,999 0.05% pa
Portion $2,000 - $1,000,000^ 1.00% pa
Kids Bonus Saver Account  
$1 - $5,000 2.55% pa#
- Base rate ($1 - $5,000) 0.15% pa
- Bonus rate ($1 - $5,000) 2.40% pa
Portion over $5,000 0.55% pa#
- Base rate (portion over $5,000) 0.15% pa
- Bonus rate (portion over $5,000) 0.40% pa
Super Cash Hub  
$1 - $4,999 0.05% pa
Portion $5,000 to $1,000,000^ 1.00% pa
Business Cash Hub  
$1 - $4,999 0.05% pa
Portion $5,000 to $1,000,000^ 0.70% pa
Christmas Saver Account  
$1+ 1.00% pa
Cash Management Account  
$1 - $4,999 0.05% pa
Portion $5,000 - $24,999 0.10% pa
Portion $25,000 - $49,999 0.15% pa
Portion $50,000 - $99,999 0.60% pa
Portion $100,000 - $249,999 0.70% pa
Portion $250,000 - $1,000,000^ 0.80% pa
Budget Saver Account  
$1 - $499 0.05% pa
$500 + 0.05% pa
GST / Tax Saver Account  
$1+ 0.25% pa
Special Purpose Account  
$1 - $499 0.05% pa
$500 + 0.05% pa
Access Accounts Interest Rate
Access Saver Account  
$1+ 0.05% pa
Smart Start Access Saver Account  
$1+ 1.60% pa
Retirement Access Saver*  
$1 - $50,000 0.30% pa
Portion $50,000 - $1,000,000^ 0.80% pa
Mortgage Offset Account  
$1+ 100% Offset

Fixed Term Deposits
(for individuals)

$5,000 -
$24,999
$25,000 -
$249,999
$250,000 -
$1,000,000^^
3 Month Fixed Term 1.55% pa 1.60% pa 1.70% pa
6 Month Fixed Term 1.50% pa 1.60% pa 1.70% pa
9 Month Fixed Term 1.35% pa 1.45% pa 1.55% pa
12 Month Fixed Term 1.20% pa 1.40% pa 1.50% pa
24 Month Fixed Term 1.20% pa 1.40% pa 1.50% pa

The Fixed Term Deposit rates above are available to individuals only.
If you have a Business or SMSF account, download the Interest Rate Schedule.

Regular Income Term Deposits
(for individuals)

$25,000 -
$249,999
$250,000 -
$1,000,000^^
6 Month Fixed Term 1.50% pa 1.60% pa
12 Month Fixed Term 1.20% pa 1.30% pa
24 Month Fixed Term 1.20% pa 1.30% pa

The Regular Income Term Deposit rates above are available to individuals only.
If you have a Business or SMSF account, download the Interest Rate Schedule.

Government Deposit Guarantee

* Account is only available to Members receiving a Government pension/allowance and Members aged 65 and over.
** These rates apply when bonus conditions are met - a minimum deposit of $100.00 per month and no withdrawals are during the month.
# These rates apply when bonus conditions are met - a minimum deposit of $5.00 per month and no withdrawals during the month.
^ Any portion over $1,000,000 will earn the S1 Access Saver rate.
^^ For Term Deposits over $1,000,000 please contact First Option Bank.

All savings interest is calculated daily and credited monthly. All rates are subject to change at Directors’ discretion. Interest rates expressed as annual percentage rates. Full terms and conditions including variations to interest rates are prescribed in the Account and Access Facility – Conditions of Use, available on request. 

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