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World’s Best Banks 2020

Customer Owned Banks Top Australian rankings of Forbes’ World’s Best Banks 2020 Customer owned banks (such as First Option Bank) have been ranked as the best banks in Australia by Forbes’ World’s Best Banks 2020. Forbes partnered with market research firm Statista to rank the best banks in 23 different countries, surveying more than 40,000 customers around the world for their opinions on their current and former banking relationships. Banks were rated on general satisfaction and key attributes including trust, …

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Move to Quarterly Account Statements

First Option wishes to advise that most Member Statements will be moving from monthly frequency to quarterly (i.e. every 3 months). When? This change will occur after the 30 June 2020 statements are issued. Your next statement will be dated 30 September 2020, followed by 31 December 2020. Why? The widespread use of online banking allows First Option members to check their transactions 24×7. It is better for the environment by reducing the amount of paper we use. Cost savings …

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1% Car Finance – Too good to be true?

Some car dealers on TV have offered 0%pa or 1%pa comparison rates, which sounds too good to be true. But we all know that nothing is free, so what’s the catch? You may be surprised to learn that buying a new car with dealer finance could actually cost you more than purchasing the identical car with a standard car loan from your bank. The table below is a simple example that compares (a) a car bought at full price with …

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