First Option Bank Savings + Bonus
Bonus rate
Earn Bonus interest on your savings account when you deposit $100 per month with no withdrawals
- Base rate up to
- 0.25%
- Introductory rate
- None
- Maximum balance
- None published
Rate with bonus, up to
Rates by balance
| Balance | Base rate | Bonus | Total |
|---|---|---|---|
| $0 to $250,000 | 0.25% | +4.75% | 5.00% |
| $250,000 and over | 0.25% | +3.15% | 3.40% |
Who can open it
- Age to open
- Up to 16
- Maximum balance
- None published
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
5.00%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
0.25%
What it pays without a bonus. Typical is 2.40%.
Pros and cons
Pros
- No conditions. You earn the same rate every month, with no deposits to make or withdrawals to avoid.
Cons
- A low base rate. Only 0.25% in any month you miss the bonus conditions.
- An age limit. Only for people up to 16.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 5.00%
- Bonus conditions
- None
- Most it pays
- 5.00%
- Bonus conditions
- None
- Most it pays
- 5.00%
- Bonus conditions
- Yes
