First Option Bank 3 Month Fixed Term
1 termFixed rate
A term deposit from First Option Bank, paying up to 5.10% a year, with 1 term to choose from.
- Minimum deposit
- $1,000
- Maximum deposit
- Not published
- Terms offered
- 1
Rate a year, up to
For 3–5 months
Rates by term
| Term | Interest paid | Rate a year |
|---|---|---|
| 3–5 months | At maturity | 5.10% |
Deposit amount on every term: $1,000 to $2,000,000.
How it compares
Against the other 3 months term deposits we compare. Typical means the middle half of them.
3 months rate
5.10%
A typical 3 months rate is 4.30%.
Minimum deposit
$1,000
A typical minimum is $2,000.
Pros and cons
Pros
- A higher rate. 5.10% for 3 months, above the typical 4.30%, so your money earns more over the term.
Cons
- Your money is locked in. Taking it out early usually needs 31 days' notice and earns less interest.
Similar term deposits
Term deposits from other banks that pay a similar rate for the same term.
- Rate a year
- 5.10%
- Minimum deposit
- $500
- Rate a year
- 5.10%
- Minimum deposit
- $5,000
- Rate a year
- 5.10%
- Minimum deposit
- $1,000
