There will be no installments paid for the first two weeks of purchase, both online and in-store.

Customers will also be able to change up to six payment dates per calendar year on existing orders.

The program is only available to customers using a debit card who have paid their last 15 payments on time over the past six months.

These customers will then receive a notification inviting them to join Pulse.

Need somewhere to store cash and earn interest? The table below features introductory savings accounts with some of the highest interest rates on the market.

Update resultsUpdate
Filters
BankSavings AccountBase Interest Rate Max Interest Rate Total Interest Earned Introductory Term Minimum Amount Maximum Amount Minimum Monthly Deposit Minimum Opening Deposit ATM Access Joint Application TagsFeaturesLinkComparePromoted ProductDisclosure
4.00% p.a.
5.45% p.a.
Intro rate for 4 months
then 4.00% p.a.
$905
4 months
$0
$249,999
$0
$1
  • Bonus rate for the first 4 months from account opening
  • No account keeping fees
  • No minimum balance
 Disclosure
0.05% p.a.
Bonus rate of 5.35%
Rate varies on savings amount.
5.40% p.a.
$1,107
–
$0
$99,999
$1,000
$0
  • Deposit at least $1,000+ each month from an external source
  • Make 5 or more eligible transactions. Grow your savings balance each month
 Disclosure
0.00% p.a.
Bonus rate of 5.25%
Rate varies on savings amount.
5.25% p.a.
$1,076
–
$0
$99,999
$0
$0
Use code EASY30 to score $30*
  • Use code EASY30 to score $30 after 5 card purchases in your first 30 days. See terms link on the app store*
  • Deposit $500+ per month from an external source to earn the bonus interest.
  • Tiered rates apply to savings balances.
 Disclosure
4.45% p.a.
5.15% p.a.
Intro rate for 4 months
then 4.45% p.a.
$947
4 months
$250,000
$99,999,999
$0
$0
  • Special offer: Savings Accelerator (Kick Starter offer).
  • For a limited time, new ING customers can get a bonus 0.70% p.a on their savings rate balances of $150,000 up to $500,000 for the first 4 months. T&Cs apply.
  • If your balance is over $500,000 (but less than $5 million) you will earn the ongoing variable rate of 4.45%
4.75% p.a.
4.75% p.a.
$971
–
$10,000
$249,999
–
$0
  • Bonus rate for the first 4 months from account opening
  • No account keeping fees
  • No minimum balance

More details
Important Information and Comparison Rate Warning

All products with a link to a product provider’s website have a commercial marketing relationship between us and these providers. These products may appear prominently and first within the search tables regardless of their attributes and may include products marked as promoted, featured or sponsored. The link to a product provider’s website will allow you to get more information or apply for the product. By de-selecting “Show online partners only” additional non-commercialised products may be displayed and re-sorted at the top of the table. For more information on how we’ve selected these “Sponsored”, “Featured” and “Promoted” products, the products we compare, how we make money, and other important information about our service, please click here. Rates correct as of . View disclaimer.

Important Information and Comparison Rate Warning

CEO of Afterpay Anthony Eisen hit out at credit cards, which he says have penalised increased spending, even if done so responsibly.

“Until today, loyalty programs across our industry have encouraged excessive spending - leaving no options for those shoppers who want to spend responsibly and avoid expensive fees and extended debt," he said.

Pulse was also launched in time for Christmas, according to Mr Eisen.

“We also recognise that the period leading up to Christmas is one of the most challenging for singles and families, so wanted to ensure we could provide as much payment flexibility for our most valuable customers, regardless of how much they spend," he said.

The news comes after the financial regulator found throughout the 2018-2019 financial year, 45% of all buy now, pay later (BNPL) transactions had incurred missed payment fees, generating more than $43 million in revenue for the platforms.



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