If you’re a dedicated saver, why not be rewarded for your efforts with the St.George Incentive Saver savings account? With no account-keeping fees and a maximum introductory interest rate of up to 5.25% p.a for customers who meet the eligibility criteria, the Incentive Saver Account could be a competitive place to stash your savings.
The St George Incentive Saver Account really lives up to its name, with an introductory interest rate of up to 5.25% p.a for the first three months (on balances under $250,000), if you meet the bonus criteria. After the first three months, the interest rate on the Incentive Saver Account drops down to 5.15% p.a.
This savings account usually has a base rate of 1.85% p.a., but includes a bonus rate of 3.30% p.a. if you grow your balance by at least $50 per month (unless you're under the age of 21, in which case you'll simply need to increase it by $0.01). The extra 0.10% p.a. is an additional bonus rate offered for the first three months for new customers who open their account online.
With this savings account, you’ll enjoy zero account-keeping 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.
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.
As mentioned above, in order to be eligible for the maximum bonus and introductory rate of 5.25% p.a., you’ll need to deposit at least $50 into your account each month (or $0.01 for under 21s) and have a balance under $250,000. Balances of $250,000 and over qualify for a reduced interest rate of 5.15% p.a.
Balances from $0: 1.85% p.a. |
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Balances from $0: 5.25% p.a. |
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Intro bonus rate of 5.25% for balances up to $250,000 for the first 3 months, reverting to 5.15%. Balance must grow by at least $50 a month. If under 21, balance must grow by $0.01 a month (excluding interest). |
$0.00 |
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n/a |
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Unlimited transactions from phone and internet. 1 free counter withdrawal transaction |
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n/a |
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n/a |
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$0.00 |
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$0.00 |
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$2.50 |
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$0.00 |
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$0.00 |
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$0.00 |
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n/a |
$0.00 |
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$0.00 |
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Monthly |
no |
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$2,000.00 |
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yes |
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no |
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no |
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yes |
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no |
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yes |
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yes |
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yes |
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yes |
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none |
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0.10% extra intro bonus rate if the account is opened online. |
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none |
I love how easy it is to access internet banking I find it very easy
Read full reviewI love how easy it is to access internet banking I find it very easy
They didn’t give me a competitive interest rate until I went and spoke to them and were able to assist me in 5 minutes. If you don’t ask you don’t get
Read full reviewThey didn’t give me a competitive interest rate until I went and spoke to them and were able to assist me in 5 minutes. If you don’t ask you don’t get
They have stopped several fraudulent transactions on my account -I feel safe and secure with them
Read full reviewThey have stopped several fraudulent transactions on my account -I feel safe and secure with them
This bank is the best as very helpful
Read full reviewThis bank is the best as very helpful
The people working there are super helpful.
Read full reviewThe people working there are super helpful.
Savings Account
5.35% p.a. (for $0 to $250,000)
4.75% p.a.(for $0 to $1,000,000)
Yes up to $250,000
High Interest Savings Account
5.75% p.a. (for $0 to $250,001)
4.40% p.a.(for $0 to $250,001)
Yes up to $250,000
Reward Saver Account
5.25% p.a. (for $0 to $1,000,000)
0% p.a.(for $0 and over)
Yes up to $250,000
Reward Saver
5.25% p.a. (for $0 to $100,000)
0.30% p.a.(for $0 and over)
Yes up to $250,000
AMP Saver Account
5.40% p.a. (for $0 to $250,000)
1.20% p.a.(for $0 to $5,000,000)
Yes up to $250,000
Save Account
5.10% p.a. (for $0 to $250,000)
0.10% p.a.(for $0 and over)
Yes up to $250,000
Hero Saver
4.60% p.a. (for $0 to $250,001)
1.00% p.a.(for $0 to $5,000,001)
Yes up to $250,000
High Interest Savings Account
5.75% p.a. (for $0 to $250,001)
Yes up to $250,000
4.40% p.a.(for $0 to $250,001)
Savings Account
5.35% p.a. (for $0 to $250,000)
Yes up to $250,000
4.75% p.a.(for $0 to $1,000,000)
Save Account
5.10% p.a. (for $0 to $250,000)
Yes up to $250,000
0.10% p.a.(for $0 and over)
AMP Saver Account
5.40% p.a. (for $0 to $250,000)
Yes up to $250,000
1.20% p.a.(for $0 to $5,000,000)
Reward Saver Account
5.25% p.a. (for $0 to $1,000,000)
Yes up to $250,000
0% p.a.(for $0 and over)
Hero Saver
4.60% p.a. (for $0 to $250,001)
Yes up to $250,000
1.00% p.a.(for $0 to $5,000,001)
Bonus Saver Account
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
0.05% p.a.(for $0 and over)
Reward Saver Account
0% p.a.(for $0 and over)
5.25% p.a. (for $0 to $1,000,000)
Yes up to $250,000
Reward Saver
0.30% p.a.(for $0 and over)
5.25% p.a. (for $0 to $100,000)
Yes up to $250,000
AMP Saver Account
1.20% p.a.(for $0 to $5,000,000)
5.40% p.a. (for $0 to $250,000)
Yes up to $250,000
Save Account
0.10% p.a.(for $0 and over)
5.10% p.a. (for $0 to $250,000)
Yes up to $250,000
Hero Saver
1.00% p.a.(for $0 to $5,000,001)
4.60% p.a. (for $0 to $250,001)
Yes up to $250,000
Bonus Saver Account
0.05% p.a.(for $0 and over)
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
Ziggy Kids Saver
0.01% p.a.(for $0 and over)
3.01% p.a. (for $0 and over)
Yes up to $250,000
Mighty Saver Account
1.20% p.a.(for $0 and over)
No Current Offer
Yes up to $250,000