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First Option Bank 9 Month Fixed Term

1 termFixed rate

A term deposit from First Option Bank, paying up to 5.35% a year, with 1 term to choose from.

Written byDavid Boyd
Minimum deposit
$1,000
Maximum deposit
$2,000,000
Terms offered
1

Rate a year, up to

For 9–11 months

Open account

Rates by term

TermInterest paidRate a year
9–11 monthsAt maturity5.35%

Deposit amount on every term: $1,000 to $2,000,000.

How it compares

Against the other 9 months term deposits we compare. Typical means the middle half of them.

9 months rate

5.35%

A typical 9 months rate is 4.75%.

Minimum deposit

$1,000

A typical minimum is $2,000.

Pros and cons

Pros

  • A higher rate. 5.35% for 9 months, above the typical 4.75%, 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.