Pretty good deal for a savings account where you dont have to spend x times per month, or deposit y amount per month to quality. only that you remain under 500k during the 4 months (from what I have understood the T&Cs anyway). I'll jump to the next best savings account deal when this is up!
NOTE: New customer only
From the link:
Earn our variable introductory rate, currently 2.10%p.a. for the first 4 months when your balance remains under $500,000.
At the end of the 4 months or if at any time your balance exceeds $500,000 (including due to interest credited to your account*), your account will have our ongoing standard variable rate, currently 1.10%p.a.
*For example: If your initial balance is $500,000, and you earn $1,000 interest in month 1, your balance of $501,000 in month 2 will earn interest at 1.10%p.a. on the entire balance, even though you are in the introductory period.