The Finance Algorithm
Horizon Bank logoHorizon Bank

CASH MANAGEMENT

Enjoy competitive interest rates without the need to lock your money away. The Cash Management account is used for flexible and quick access to large sums.

Savings & transaction accountsBank updated 12 Oct 2026

At a glance

Base rate
0.01%

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: 0.01%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 spend0.01%4.80%MoveBank's Online Saver2.25%of 61 institutions56th highest of 61, level with 5 others

Rates

Every rate Horizon Bank publishes for this account, 3 in all.

TypeApplies toTermBandRateComparisonConditions
Variable--up to $50,0000.01%-paid every 1 mo
Variable--$250,000+3.50%-paid every 1 mo
Variable--$50,000–$250,0002.25%-paid every 1 mo

Rate changes

2 changes logged, newest first.

DateRateWasNowChange
13 Oct 2026Variable, $250,000+3.25%3.50%up 0.25
13 Oct 2026Variable, $50,000–$250,0002.00%2.25%up 0.25

Each change is logged the night it appears in the rates Horizon Bank publishes. See how every lender answered the RBA on the rate tracker.

Fees

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

When you make a transaction3

  • BULK_COIN_COUNTAGE

    Up to 2% for bulk coin counting above $300. Fee excludes money boxes & community

    2.00% of transaction
  • FOREIGN_CHEQUE_DEPOSIT
    $11
  • TOTAL_CASH_WITHDRAWAL_ABOVE_4000_PER_DAY

    A fee of 0.25% of total cash withdrawals is charged for total cash withdrawals over $4000 in a day.

    0.25% of transaction

When particular things happen3

  • DIRECT_DEBIT_DISHONOUR
    $9
  • OVERDRAWN_SAVINGS_ACCOUNT

    per occurence

    $20
  • STATEMENT_COPY
    $2.50

Features

Instant paymentsPayIDDigital banking
  • Manage payments from your bank account using PayTo.

Eligibility and limits

None published.

Published by Horizon Bank under the Consumer Data Right, last changed by them on 12 Oct 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.