New bank account sign up bonuses & offers

Many banks have special offers for new customers who open accounts, including cashback, bonus offers and fee waivers.

1 - 14 of 183
Name Maximum Variable Rate p.a. Base interest rate Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
Bank of Queensland Smart Saver Account - 36+ years
BOQ logo
Maximum Variable Rate p.a.
5.15%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing
Government Guarantee
Deposit $1,000
5 eligible purchases
Balances up to $250,000
Go to siteView details
Aged 36+? You can earn 5.15% p.a. on balances up to $250,000 when you meet the account conditions each month.
Ubank Save Account
Ubank logo
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
Ongoing
Government Guarantee
Deposit $500
Savings up to $100,000
Go to siteView details
Use code EASY30 to score $30 after 5 card purchases in your first 30 days. See terms link on the app store.
BCU Boss Saver
BCU logo
Maximum Variable Rate p.a.
5.10%
Standard Variable Rate p.a.
0.55%
Intro/Ongoing
Ongoing
Government Guarantee
Deposit $500
5 Access Account debit card purchases
Balance under $100,000
Go to siteView details
Earn an ongoing 5.1% p.a. when you deposit $500 per month and make 5+ card payments from your BCU Access Account each month. You can make withdrawals and still earn bonus interest.
Rabobank High Interest Savings Account
Rabobank logo
Maximum Variable Rate p.a.
5.60%
Standard Variable Rate p.a.
4.35%
Intro/Ongoing
4 months
Government Guarantee
Balances up to $250,000 Go to siteView details
Earn a high interest rate of 5.6% for the first 4 months and then 4.35% thereafter, with $0 account keeping fees and no monthly balance requirements.
ING Savings Accelerator ($150,000 - $500,000)
ING logo
Maximum Variable Rate p.a.
5.40%
Standard Variable Rate p.a.
4.70%
Intro/Ongoing
4 months
Government Guarantee
Welcome rate applies up to $500K Go to siteView details
Ideal for higher balances, savers can earn up to 5.4% for the first 4 months and up to 4.7% thereafter. There are no conditions and $0 account-keeping fees.
Westpac Life
Westpac logo
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
1.85%
Intro/Ongoing
Ongoing
Government Guarantee
Make a deposit
Grow your balance
Keep the balance above $0 at all times
Go to siteView details
Suncorp Bank Growth Saver Account
Suncorp Bank logo
Maximum Variable Rate p.a.
5.05%
Standard Variable Rate p.a.
0.35%
Intro/Ongoing
Ongoing
Government Guarantee
Grow balance by $200 each month (excl. interest)
Only 1 withdrawal
No balance limit on earning interest

Go to siteView details
Get a solid interest rate on your entire balance, with minimal conditions in order to get the max rate. This account doesn’t offer card access but you can make 1 withdrawal per month & grow your net balance by $200 (excl. interest) to earn the max rate.
Macquarie Savings Account
Macquarie Bank logo
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
5.00%
Intro/Ongoing
4 months
Government Guarantee
Balances up to $250,000 Go to siteView details
Westpac Bump Savings Account
Westpac logo
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
2.00%
Intro/Ongoing
Ongoing
Government Guarantee
Make a deposit
Grow balance
Keep balance above $0
Go to siteView details
Newcastle Permanent Smart Saver Account
Newcastle Permanent logo
Maximum Variable Rate p.a.
4.50%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing
Government Guarantee
Grow balance
No more than 2 withdrawals
Go to siteView details
ING Savings Maximiser
ING logo
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.55%
Intro/Ongoing
Ongoing
Government Guarantee
Deposit $1,000
5 transactions
Grow your balance
Balances up to $100,000
Go to siteView details
Westpac Life (18-29 year olds only)
Westpac logo
Maximum Variable Rate p.a.
5.20%
Standard Variable Rate p.a.
1.85%
Intro/Ongoing
Ongoing
Government Guarantee
Make a deposit
Grow your balance
5 debit card purchases
Balances up to $30,000
Go to siteView details
St.George Incentive Saver
St.George Bank logo
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
1.85%
Intro/Ongoing
Ongoing
Government Guarantee
Grow balance $50 ($0.01 if under 21)
Balance up to $249,999.99
Go to siteView details
Extra 0.10% p.a. for 3 months for new customers who apply online, balances under $250k. Kids may be eligible for $30 bonus (until 28/02/2025, T&Cs apply)
P&N Bank Savvy Saver
P&N Bank logo
Maximum Variable Rate p.a.
5.10%
Standard Variable Rate p.a.
0.55%
Intro/Ongoing
Ongoing
Government Guarantee
Deposit $500
5 Access Account debit card purchases
Balance under $100,000
Go to siteView details
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Showing 14 of 14 results
1 - 11 of 11
Name Monthly fee Govt. Guarantee Own network ATM fee Card type
NAB Classic Banking Account
NAB logo
Apple Pay Google Pay Samsung Pay Garmin Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Go to siteMore Info
Get personalised cashback offers via the NAB app with NAB Goodies
HSBC Everyday Global Account
HSBC logo
Finder AwardApple Pay Google Pay10 Currencies
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
Earn 2% cashback on tap and pay purchases.


Virgin Money Go Account
Virgin Money logo
Apple Pay Google Pay Samsung Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
Earn Virgin Money Points as you spend with your debit card
NAB Classic Banking with Platinum Visa Debit Card
NAB logo
Apple Pay Google Pay Samsung Pay Garmin Pay
Monthly fee
$10
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
Complimentary travel insurance and cashback on tap and go purchases
Bankwest Qantas Transaction Account
Bankwest logo
Apple Pay Google Pay Samsung Pay Garmin Pay
Monthly fee
$6
Government Guarantee
Own network ATM fee
$0
Card type
Mastercard
More Info
Earn Qantas Points on your balance plus on everyday transactions.

Australian Military Bank Military Rewards Account
Australian Military Bank logo
Apple Pay Google Pay Samsung Pay Garmin Pay
Monthly fee
$4
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
Earn 1% cashback on tap and go purchases under $100, up to the value of $25 a month
Macquarie Bank Transaction Account
Macquarie Bank logo
Finder AwardApple Pay Google Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Mastercard
More Info
Earn 2.75% p.a. interest on your transaction account balance.
St.George Complete Freedom Account
St.George Bank logo
Apple Pay Google Pay Samsung Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Go to siteMore Info
Get $40 cashback on groceries when you spend $160 on your digital Visa Debit card within 60 days at Woolworths or Coles. New customers only. (T&C’s apply).
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Showing 11 of 11 results

What kind of sign-up offers do banks have for new accounts?

  • Cash bonus offers. If you meet the criteria you can get cash in your bank account when you open it. Cash bonuses are normally around $50–$100 at most.
  • Cashback. Some accounts let you earn cashback based on money you spend. This is normally limited to 1–2% of what you spend. It may be capped at a set amount or limited to specific types of transaction.
  • Points. Credit cards often come with reward points based on how much you spend. But sometimes debit cards and even transaction accounts let you earn points.
  • Introductory savings rates. Savings accounts may come with a special, higher interest rate for the first few months. After that, the account interest rate will be smaller.
  • Fee waivers. Banks often waive application or annual fees on bank products for a limited time.
  • Interest-free periods. Balance transfer credit cards typically offer interest-free periods. This means you can move outstanding balances to the new card and get a break from interest charges while you pay it off.
  • Complimentary travel insurance. Many credit cards have complimentary travel insurance. But sometimes you can get this with a transaction account and debit card too.

Bonus offers are for transaction accounts, not savings accounts

Banks use special offers and deals on transaction accounts and linked credit or debit cards. This is to encourage people to sign up and spend using the accounts.

These offers are much rarer on savings accounts because these accounts are aimed at building up savings over time and earning interest.

Cashback vs cash bonuses

Cash bonuses

  • A one-off deposit of cash in your account after you open it. This is usually no more than $100.
  • You have to meet criteria, such as making a certain number of transactions or depositing a certain amount into the account each month.
  • You may need to keep the account open for a few months before you get the cash.

Cashback

  • A bank account cashback is more of an ongoing perk than a one-off payment.
  • You can earn a percentage of your spending back, usually 1–2%.
  • Cashback applies to a specific type of spending. For example, a 1% cashback on your utility bills or 2% for every purchase you make via tap and pay.

What other special offers can I get from a bank?

Credit card offers

Plenty of banks have introductory credit card offers. This includes $0 annual fees, long interest-free periods and the ability to earn bonus points.

Home loan cashback

Some lenders offer generous cashback to entice borrowers to refinance their home loans. You can get up to $4,000 with a home loan cashback. This can offset any switching fees. You need to open a bank account with the same bank or lender to qualify.

Frequently asked questions

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To make sure you get accurate and helpful information, this guide has been edited by Jason Loewenthal as part of our fact-checking process.
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Written by

Editorial Manager, Money

Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full bio

Alison's expertise
Alison has written 630 Finder guides across topics including:
  • Superannuation
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Co-written by

Money Editor

Richard Whitten is Finder’s Money Editor, with over seven years of experience in home loans, property and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Graduate Certificate in Communications from Deakin University. See full bio

Richard's expertise
Richard has written 584 Finder guides across topics including:
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