Introductory & Time-Limited Savings Rate Offers (2026)
New-customer launch offers and welcome rates — usually higher than the ongoing rate, with no monthly conditions, but only for a limited window. We show exactly what each one reverts to when the offer ends, so the headline can’t catch you out. Ranked by intro rate; updated 24 August 2026.
💡 The current market-leading launch offer is Rabobank High Interest Savings Account at 5.90% for 4 months, then reverting to 4.00%. Great for a lump sum you’ll move when it ends.
| # | Bank & product | Intro rate p.a. | Lasts | Then reverts to | Rate drop | Cap |
|---|---|---|---|---|---|---|
| 1 |  RabobankHigh Interest Savings Account |
5.90%intro / welcome | 4 months | 4.00% | −1.90% | $250,000 |
| 2 |  ubankSave account |
5.85%intro / welcome | 4 months | 5.10% | −0.75% | $100,000 |
| 3 |  BankwestBankwest Easy Saver |
5.75%intro / welcome | a limited time | 5.20% | −0.55% | $1,000,001 |
| 4 |  MyStateHello Saver account |
5.40%intro / welcome | 4 months | 5.00% | −0.40% | $500,000 |
| 5 |  MacquarieMacquarie Savings Account |
5.35%intro / welcome | 4 months | 5.00% | −0.35% | $250,000 |
| 6 |  P&N BankHi Saver Account |
5.30%intro / welcome | 4 months | 0.05% | −5.25% | $5,000,000 |
| 7 | NPNewcastle PermanentOnline Savings Account (including Intro) | 4.00%intro / welcome | 3 months | 1.00% | −3.00% | $100,000,000 |
| 8 |  INGSavings Booster |
3.75%intro / welcome | 1 month | 3.15% | −0.60% | $500,000 |
| 9 |  St.GeorgeMaxi Saver |
3.65%intro / welcome | 6 months | 1.25% | −2.40% | $4,999,999 |
| 10 |  WestpacWestpac eSaver |
3.55%intro / welcome | 5 months | 1.25% | −2.30% | — |
| 11 |  CommBankNetBank Saver |
3.10%intro / welcome | 5 months | 2.10% | −1.00% | $50,000 |
Ranked by introductory rate. “Reverts to” is the ongoing rate once the welcome period ends — the number that actually matters for money you leave in place. From Open Banking feeds, 24 August 2026; verify with the bank.
The one number to check: the revert rate
Why launch offers top the tables
A four-month intro rate lets a bank advertise a chart-topping number without paying it for long. It’s a customer-acquisition cost, not a durable rate. Perfectly fine — as long as you treat it as temporary.
The trap, and how to beat it
Most savers never move the money, so they silently earn the low revert rate for years. Set a reminder for the end date, then move to the next launch offer or a strong ongoing account. Compare the intro and the revert rate before you commit.
Introductory savings offers — FAQ
What is an introductory (welcome) savings rate?
It’s a higher rate a bank pays for a limited window — commonly four months — to win new deposits. When the window closes the rate drops to the ongoing rate, which is often much lower. It’s designed to top rate-comparison tables temporarily.
Do introductory rates have monthly conditions?
Usually not — that’s their appeal versus bonus-saver accounts. You typically get the intro rate with no deposit or transaction hurdles. The catch is time, not conditions: it expires and reverts.
What happens when the intro period ends?
Your rate falls to the account’s ongoing rate automatically. On the table above that’s the ‘reverts to’ column. Many savers forget and leave money earning the low ongoing rate — so set a calendar reminder for the day it ends and move or renegotiate. Model the real return over your holding period with our calculator.
Are intro rates worth it?
They can be strong for a lump sum you’ll park for the intro window, then move. For long-term savings, compare the ongoing rate instead — an account with a slightly lower headline but a higher revert rate can beat a flashy intro over a year.