The Finance Algorithm
At a glance
Base rate
2.25%
Monthly fee
$7.50
§ 01 — Rates · 1
TypeApplies toTermBandRateComparisonConditions
Variable———2.25%—paid every 1 mo; Existing cust; New customer
§ 02 — Fees · 3
FeeTypeAmountWhenNotes
MEMBERSHIP_ADMIN_FEEPeriodic$5Every 1 moMembership Admin Fee
PAPER_STAT_FEEPeriodic$2.50Every 1 moPaper Statement Fee
XMASSAVEREARLYWDLWithdrawal$10——
§ 03 — Features
Instant paymentsPayID
§ 04 — Eligibility & limits
  • · Residency: Australian Residents
  • · Available to individuals
§ 05 — Compare
All savings & transaction accounts →Other First Option Bank savings & transaction accountsEverything First Option 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 First Option Bank under the Consumer Data Right, last changed by them on 2 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.