What is the Welcome Bonus Rate and how does it work?
The Welcome Bonus Rate is comprised of a fixed bonus margin of 0.40% p.a. that will apply on top of the Everyday Bonus Rate for up to 4 months on your eligible Save accounts. Just like the Everyday Bonus Rate, it’s payable on combined savings up to $1M when you meet the Bonus Rate Criteria.
From 15 July 2025, the Welcome Bonus rate is 5.00% p.a.
After your Welcome Bonus Rate period is over, your Save accounts will roll onto the Everyday Bonus Rate.
For our current bonus rates, click here.
Find the Welcome Bonus Rate terms and conditions here.