Canstar Awards for Oct 2019

Two First Option products have received 5-star ratings from Canstar in October 2019.

As a member-owned bank, First Option is able to provide products that put people before profits. We always strive to give back to members, in the form of competitive interest rates, transaction fee waivers for supportive members and no sneaky loan fees for making extra repayments.

To make sure that our products are competitive First Option subscribes to Canstar. They compare thousands of products across Australia, based on features and benefits, not just interest rates.

On 10 October 2019, Canstar advised that First Option Bank had achieved a 5 Star rating for its Retirement Access Saver. This is an everyday transaction account that is available to members aged 65+ and those holding a valid Government pension card. It achieved high marks for its competitive interest rate, low fees and loads of access facilities.

Then, on 17 October 2019, First Option received another gong for its Low Rate Credit Card. This product achieved 5 stars in two categories; Low Fee and Low Rate. With a low ongoing purchase rate (currently 9.99%pa) and worldwide acceptance through VISA, it’s a great card for members that value simplicity. And best of all, there are no overseas call centres to deal with.

These awards are great achievements when you consider the amount of competition for banking products in Australia.

We are very proud to have received these awards and to offer these products to you, our valued members.