First Option Bank

We compare 2 car loans, 4 personal loans, 5 savings accounts, 8 term deposits and 1 credit card from First Option Bank. Its lowest advertised rate on car loans is 10.99% p.a. (comparison 11.24% p.a.*), on the New Car Loan. First Option Bank last updated a product in its published data on 13 Oct 2026.

ABN
95 087 650 735
Checked against First Option Bank’s own published dataWe show all of the product information we are able to access. For banking products that is each provider’s public Consumer Data Right (CDR) Product Reference Data endpoints, published under the Consumer Data Standards (CDS) maintained by the Data Standards Body. Where a provider does not publish a field, or a row is an editorial selection, we say so. on 19 Oct 2026

Compare First Option Bank Products

Each link opens First Option Bank’s products in that category, shown with the same figures we use for the rest of the market.

Car Loans

2 car loans
Lowest advertised rate10.99% p.a.11.24% p.a. comparison rate*New Car Loan

Of those, 2 publish a variable rate. None of these headline rates has changed in the last 30 days.

Products New Car Loan, Used Car Loan

Personal Loans

4 personal loans
Lowest advertised rate7.99% p.a.8.24% p.a. comparison rate*VIP Personal Loan

Advertised rates across its 4 personal loans run from 7.99% to 13.99% p.a., with comparison rates from 8.24% to 14.25% p.a. where published. Of those, 3 publish a variable rate. Its average advertised rate is 10.24% p.a. (comparison 10.24% p.a.), against a market average of 9.39% p.a. (comparison 10.12% p.a.) across 186 personal loans from 72 providers. None of these headline rates has changed in the last 30 days.*

Includes VIP Personal Loan, Begreen Loan, Personal Loan

Savings Accounts

5 savings accounts
Highest advertised rate5.50% p.a.Kids Bonus Saver

Advertised rates across its 5 savings accounts run from 2.25% to 5.50% p.a. Of those, 3 pay a bonus rate when conditions are met. Its average advertised rate is 3.80% p.a., against a market average of 3.30% p.a. across 312 savings accounts from 85 providers.

Products Kids Bonus Saver, Savings + Bonus, Bonus Saver, Smart Start Access Saver, Christmas Saver

These figures leave out 1 business savings account. Show them

All 5 of its savings accounts show no rate change since the RBA’s 29 Sep 2026 decision.

Source: Reserve Bank of Australia

See the Full List on the Rate Tracker

Term Deposits

8 term deposits
Highest advertised rate5.50% p.a.12 Month Fixed Term

Advertised rates across its 8 term deposits run from 0.05% to 5.50% p.a. Terms run from 5 months to 2 years. Its average advertised rate is 4.54% p.a., against a market average of 4.13% p.a. across 647 term deposits from 85 providers. 7 headline rates have risen in the last 30 days.

Products 12 Month Fixed Term, 9 Month Fixed Term, 12 Month Regular Income Term Deposit, 6 Month Fixed Term, 3 Month Fixed Term, 24 Month Fixed Term, Regular Income 24mth, 6 Month Regular Income Term Deposit

These figures leave out 4 business term deposits. Show them

Comparison rate warning

*Warning: the comparison rates shown for car loans and personal loans are calculated by each lender on its own standard example, usually a $30,000 loan over 5 years. This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Rates, fees and charges are subject to change without notice. Before acting on any information shown here, you should confirm the rates, fees, charges and product information with the provider. For clarity, where we have used the terms “lowest” or “best”, these relate solely to the rates of interest offered by the provider and not to any other factor. The application of these terms to a particular product is subject to change without notice if the provider changes their rates.

This information is general in nature. It does not take into account your objectives, financial situation or needs, and it is not a recommendation to apply for or hold any particular product. You should read the provider’s Key Facts Sheet, Target Market Determination and terms and conditions or credit contract terms before deciding. CompareThat compares products. We do not arrange, approve or process applications.