The Finance Algorithm
At a glance
Base rate
0.50%
Monthly fee
$7.50
§ 01 — Rates · 2
TypeApplies toTermBandRateComparisonConditions
Variable13.99%
Variable0.50%paid every 1 mo
§ 02 — Fees · 2
FeeTypeAmountWhenNotes
MEMBERSHIP_ADMIN_FEEPeriodic$5Every 1 moMembership Admin Fee
PAPER_STAT_FEEPeriodic$2.50Every 1 moPaper Statement Fee
§ 03 — Features
Instant paymentsPayIDDigital bankingUnlimited transactionsGoogel, Apple Pay, Samsung Pay
§ 04 — Eligibility & limits
  • · Residency: Australian Residents
  • · Available to individuals

Published by First Option Bank under the Consumer Data Right, last changed by them on 30 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.