For a 3 month introductory period, 4.50 percent on the entire balance with no monthly deposit, balance and spend requirements (ie no hoops) but there is a need to open a Everyday transaction account (which unfortunately has a $4 monthly fee, waived if deposit $1,800 per month - no fee if under 25 years of age). Interest calculated daily.
There seems no maximum balance to earn this rate - https://www.newcastlepermanent.com.au/tools-and-services/per…. Newcastle Permanent is an authorised deposit-taking institution (ADIs) covered under the Financial Claims Scheme (for deposits < $250K).
Entire Balance (Standard Rate) 1.00%p.a.
Introductory Bonus Rate # 3.50%p.a. (please note: this is a "fixed rate").
Entire Balance (including Introductory Bonus Rate Offer#) 4.50%p.a.
"Interest rates effective as of 17/02/2023. All rates are variable and are subject to change without notice, but the fixed Introductory Bonus rate component will not change while it applies. #The Fixed Rate Introductory Bonus Rate will apply for the first 3 months after account opening on top of the current variable Standard Rate. The introductory offer is only available to new Online Savings Account holders who have not held an Online Savings Account with Newcastle Permanent during the last 6 months, and have an Everyday Account, a Home Loan or Credit Facility with Newcastle Permanent at the time interest is applied. At the end of the 3 month introductory period the standard variable rate, applicable at that time will apply to the Online Savings Account."
Newcastle Permanent offers 'Osko' and 'Pay Anyone' with a daily payment limit of $50,000, higher optional limits are subject to approval - https://www.newcastlepermanent.com.au/tools-and-services/pay…
'Savings.com.au' and 'Open Comparison Leaderboard' provide information on other rates currently available in the market - https://www.savings.com.au/news/rba-savers-february-2023 , https://docs.google.com/spreadsheets/d/145iM6uuFS9m-Rul65--e…
Should do nicely with my 2M $TRY