Home / Latest News from First Option / 2019 / Savings Account Changes

Savings Account Changes

Attention: open in a new window. Print

Please note changes to selected Savings Accounts effective 13 Sept 2019.

These changes affect the following accounts:

  • S14 Bonus Saver
  • S50 iT Saver
  • S15 Cash Management
  • S13 Retirement Access Saver
  • S45 Super Cash Hub
  • S55 Business Cash Hub

The top tier is now $1m. Any portion over $1m will earn the S1 Access Saver rate.

Existing rate tiers will change from whole balance to part balance. For example, if you have $10,000 in an iT Saver Account, the first $2,000 will earn 0.05% while the remaining $8,000 will earn 1.20%pa (based on current rates).

The S14, S50, S15 and S13 accounts are only available to individuals, not businesses. The S45 and S55 accounts are available to business customers and SMSF account holders.

More Information