8.7/10

Based on 9 First Option Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

First Option Bank term deposits

First Option started as a family of credit unions providing on-site banking services to employees in industries including leisure and hospitality, technology and gaming, food and fuel. Joining together over the years to form First Option Bank, they now provide a comprehensive range of financial services to members and their families. As a mutual bank they are fully owned by members, reinvesting earnings back into better interest rates and customer service.

First Option Bank offers the following term deposits

Rates and fees verified as correct at 27 May 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Best rate (up to 1 year) Minimum Deposit Interest paid to another bank?
Standard Term Deposit

5.20% p.a.1 year ($500,000 to $)

$1,000.00

yes

How are First Option Bank term deposits rated?

Mozo users have rated First Option Bank term deposits on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of term-deposits
First Option Bank term deposits customer reviews
Overall
9.0/10
Price
9.5/10
Features
7.5/10
Customer service
9.5/10
Convenience
7.0/10
Trust
9.0/10
Based on 2 First Option Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent First Option Bank term deposit reviews

First Option Bank Term Deposit
Overall 9/10

First Option always answer my questions and always get back to me exactly as promised about product details.

Read full review

First Option always answer my questions and always get back to me exactly as promised about product details.

Price
9/10
Features
5/10
Customer service
9/10
Convenience
9/10
Trust
10/10
Less
Mozo community reviewer, New South Wales, reviewed almost 13 years ago
First Option Bank Term Deposit
Overall 9/10

Excellent customer service. Even though we cant get to a branch, they help us over the phone or net.

Read full review

Excellent customer service. Even though we cant get to a branch, they help us over the phone or net.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
5/10
Trust
8/10
Less
Maria, Victoria, reviewed over 13 years ago
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Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.
Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

Term deposit quick links