The Finance Algorithm
At a glance
Base rate
0.05%
Bonus rate
3.25%
Up to
3.30%
Monthly fee
$7.50
§ 01 — Rates · 4
TypeApplies toTermBandRateComparisonConditions
Bonusup to $2,000,0003.25%paid every 1 mo
Bonus$2,000,000+3.25%paid every 1 mo
Variableup to $2,000,0000.05%paid every 1 mo
Variable$2,000,000+0.05%paid every 1 mo
§ 02 — Fees · 5
FeeTypeAmountWhenNotes
IBTEMPLIMITEvent$10
DORMANTPeriodic$75Every 1 yr
MEMBERSHIP_ADMIN_FEEPeriodic$5Every 1 moMembership Admin Fee
PAPER_STAT_FEEPeriodic$2.50Every 1 moPaper Statement Fee
STAFF_ASSIST_FEETransaction$5Staff=assisted transfer fee
§ 03 — Features
Instant paymentsPayIDDigital banking
§ 04 — Eligibility & limits
  • · Minimum age 16
  • · Residency: Australian Residents
  • · Available to individuals

Published by First Option Bank under the Consumer Data Right, last changed by them on 10 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.