The Finance Algorithm
At a glance
Base rate
0.01%
§ 01 — Rates · 4
TypeApplies toTermBandRateComparisonConditions
Variable——up to $5,0000.01%—paid every 12 yrs
Variable——$20,000–$50,0000.01%—paid every 12 yrs
Variable——$5,000–$20,0000.01%—paid every 12 yrs
Variable——$50,000+0.05%—paid every 12 yrs
§ 02 — Fees · 11
FeeTypeAmountWhenNotes
CORPORATE_CHEQUEEvent$15——
DIRECT_DEBIT_DISHONOURTransaction$10——
DIRECT_DEBIT_PROCESSINGTransaction$0.20——
DIRECT_DEBIT_VIA_MEMBER_CHEQUINGTransaction$5——
FUTURE_DATED_BPAYTransaction$0.50——
FUTURE_DATED_EFT_-_EXTERNALTransaction$0.50——
FUTURE_DATED_OSKOTransaction$0.20——
OTC_BPAYTransaction$0.50——
OTC_CASH_WITHDRAWALTransaction$2.50——
OTC_EFT_EXTERNALTransaction$0.50——
OTC_TRANSFERSTransaction$2.50——
§ 03 — Features
Instant paymentsPayID
§ 04 — Eligibility & limits
    § 05 — Compare
    All savings & transaction accounts →Other Central Murray Bank savings & transaction accountsEverything Central Murray Bank publishes
    § 06 — Run the numbers

    Put this product through a calculator

    Savings goal

    How long a target takes at a given rate and deposit.

    Compound interest

    What a balance grows to with monthly interest.

    Published by Central Murray Bank under the Consumer Data Right, last changed by them on 31 July 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.