Received this via email today -:
Earning bonus interest on your Save account is getting even easier
Yes, you read that correctly! We've always been about helping our customers earn bonus interest, not trying to catch them out with extra steps or complex rules. From 1 August 2021, we're reducing the amount you need to deposit to earn bonus interest.
Deposit just $200 a month into any of your 86 400 Pay or Save accounts and you'll earn bonus interest across all your Save accounts! You can have up to 3 Save accounts and can also save with a friend to help hit those shared savings goals.
Our Save rate remains one of the best in the market, at 1.20% p.a. including bonus.
Note: This rate is variable and subject to change. It's made up of a base rate of 0.10% p.a. and a bonus rate of 1.10% p.a. The bonus rate is paid on balances up to $50,000 per account. Interest is calculated on your Save balance daily and paid monthly.
Sure, today's interest rates are $h!t3 and there are better ways to grow your wealth, but this is not bad for very minimal effort (assuming they don't touch the interest rates anytime soon….).