The Finance Algorithm

At a glance

Base rate
1.95%

How it compares

This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

This account: 1.95%Every other institution's highest, 60 in all

Paid whatever you deposit or spend. One dot per institution, at its highest savings rate with no bonus conditions anyone can apply for; hover or tap a dot for its name.

RateThis accountBest anywhereTypical institutionWhere it sits
No bonus conditionsPaid whatever you deposit or spend1.95%4.80%MoveBank's Online Saver2.25%of 61 institutions36th highest of 61

Rates

The one rate Coastline publishes for this account.

TypeApplies toTermBandRateComparisonConditions
Variable--$1,000+1.95%-paid every 1 mo; Existing cust; New accounts; New customer

Fees

9 fees published, grouped by when they're charged.

While you hold it1

  • Dormant Account Fee
    $25 a year

When you make a transaction2

  • Staff Assisted Electronic Pmnt
    $2.25
  • Xmas Club Early Withdrawal Fee
    $10

When particular things happen6

  • Chq Deposit Dishonour Fee
    $10
  • Elec Outbound Rejection Fee
    $5
  • Piggy Bank
    $5
  • Security Token
    $20
  • SMS Fees
    $0.25
  • Special Clearance Chq Fee
    $32.50

Features

Instant paymentsDigital bankingUnlimited transactions

Eligibility and limits

  • Residency: Australia
  • Available to individuals
  • Account closed to withdrawals between 1st of February and 31 October each year

Published by Coastline Bank under the Consumer Data Right, last changed by them on 1 June 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.