St.George Incentive Saver Account

Mozo snapshot:

If you’re a dedicated saver, why not be rewarded for your efforts with the St.George Incentive Saver savings account. Earning the 1.25% maximum rate is super simple, all you need to do is grow your account balance by $50 a month (if under 21, the balance must grow by $0.01 every month). Plus St.George will reward you even more with a higher interest rate for balances above $100k and $250k. 

Key features:

With the St.George Incentive Saver savings account, Aussie savers will enjoy a maximum interest rate of 1.10% for balances under $100,000, 1.35% for balances between $100,000 and $250,000 and 1.45% for balances over $250,000 if they grow their balance by $50 per month, (if under 21, the balance just needs to grow by $0.01 every month). 

With this savings account, you’ll enjoy zero account fees and unlimited phone and internet transactions, so you’re free to move your cash around as much as you’d like! Your interest will be paid out monthly and you won’t even need to make a deposit to open the account.

Who it's good for:

The St.George Incentive Saver savings account could be a great choice for dedicated savers who can guarantee they’ll be able to grow their account balance every month.