The Finance Algorithm
At a glance
Base rate
4.00%
§ 01 — Rates · 1
TypeApplies toTermBandRateComparisonConditions
Variableup to null4.00%paid every 1 mo; To earn monthly interest, make one or more deposits and no withdrawals.; To earn monthly interest, make one or more deposits and no withdrawals.
§ 02 — Fees · 7
FeeTypeAmountWhenNotes
Bank transfer fee (inward RTGS)Deposit$8Applicable when receiving an inward RTGS (Real time gross settlement)
Foreign currency deposit feeDeposit$5
Information fee - Per PageEnquiry$1$20.00 plus $1.00 per page
Information feeEnquiry$20$20.00 plus $1.00 per page
Unclaimed monies feeEvent$30Charged if an account had no transactions (other than government charges or interest) processed during the last three years.
Dormant account feePeriodic$15Every 6 mo$15.00 six monthly if an account has no transactions (other than government charges or interest) processed during the preceding 24 months
SMS alert feeTransaction$0.20Charged for each SMS alert that is sent to you notifying you of account balances and/or other nominated transactions.
§ 03 — Features
Instant paymentsPayIDDigital bankingUnlimited transactions
§ 04 — Eligibility & limits
  • · Residency: Australian Residents only
  • · Available to individuals
  • · Minimum balance $1
  • · Opening balance $1
  • · Must be identifiable in terms of legislative requirements

Published by Greater Bank Limited under the Consumer Data Right, last changed by them on 29 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.