St.George logo

St.George Incentive Saver Account

Advertiser disclosure
Interest rate
0.20% p.a.(for $0 and over)
Maximum rate
0.45% p.a. (for $0 and over)
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review St.George Incentive Saver Account

Last updated: 22 January 2021.

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What's hot
  • 0.45% maximum rate
  • No account fees
What's not
  • 0.20% standard rate (if bonus criteria aren't met)
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 0.45% maximum rate is super simple, all you need to do is grow your account balance by $50 a month (if under 21, it's only $0.01 each month).

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Key features

With the St.George Incentive Saver savings account, Aussie savers will enjoy a maximum interest rate of 0.45%. All you need to do is grow you balance by $50 per month. And if you're under 21, the balance only needs to grow by a minuscule $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.

Another helpful feature for long term savers is that there's no balance cap, meaning you can keep getting this maximum rate as your savings keep growing. 

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Who is it 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.

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Any catches

Just keep in mind that you will need to meet the saving criteria in order to earn the 0.45% rate, otherwise you’ll only receive the low standard rate of 0.20%.

Details

Rates and fees information correct as at 25 February 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Balances from $0: 0.20% p.a.

  • Balances from $0: 0.45% p.a.

  • Balance must grow by at least $50 a month. If under 21, balance must grow by $0.01 a month.

Fees
  • $0.00

  • n/a

  • Unlimited transactions from phone and internet. 1 free counter withdrawal transaction

  • n/a

  • n/a

  • n/a

  • $0.00

  • $2.50

  • n/a

  • $0.00

  • $0.00

  • n/a

Other financial bits
  • $0.00

  • $0.00

  • Monthly

Features
  • no

  • $2,000.00

  • yes

  • no

  • no

  • yes

  • no

  • yes

  • yes

  • yes

  • yes

  • none

  • none

  • none

Customer Reviews

How are St.George savings accounts rated by the Mozo community?

Overall
7.6/10
Price
6.8/10
Features
6.3/10
Customer service
7.7/10
Convenience
7.9/10
Trust
7.7/10

Latest reviews of St.George Incentive Saver Account

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About St.George

St.George is Australia's fifth largest bank and has merged with Westpac to create a banking mega force. St.George offers a wide range of products aimed at business and corporate customers. St.George still have a customer focused team who tailor products to suit its customers needs. So if you want a bank that's good with people and good with money too, check out the St George range of credit cards, bank accounts, savings accounts, home loans and personal loans.

See St.George savings accounts

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0.25% p.a. (for $0 to $5,000,000)

0.05% p.a.(for $0 to $5,000,000)

Yes up to $250,000

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0.80% p.a. (for $0 to $250,001)

0.01% p.a.(for $0 to $5,000,000)

Yes up to $250,000

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Fast Track Saver Account

1.05% p.a. (for $1 to $250,000)

0.05% p.a.(for $1 and over)

Yes up to $250,000

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Bonus Saver Account

1.20% p.a. (for $0 to $250,000)

0.10% p.a.(for $0 and over)

Yes up to $250,000

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Serious Saver

0.30% p.a. (for $0 to $1,000,000)

0.15% p.a.(for $0 and over)

Yes up to $250,000

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Up

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1.10% p.a. (for $0 to $1,000,000)

0% p.a.(for $0 and over)

Yes up to $250,000

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Citi

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1.10% p.a. (for $0 to $500,000)

0.35% p.a.(for $0 and over)

Yes up to $250,000

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HSBC

Flexi Saver

0.25% p.a. (for $0 to $5,000,000)

0.05% p.a.(for $0 to $5,000,000)

Yes up to $250,000

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Bankwest

Hero Saver

0.80% p.a. (for $0 to $250,001)

0.01% p.a.(for $0 to $5,000,000)

Yes up to $250,000

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Bank of Queensland

Fast Track Saver Account

1.05% p.a. (for $1 to $250,000)

0.05% p.a.(for $1 and over)

Yes up to $250,000

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0.10% p.a.(for $0 and over)

1.20% p.a. (for $0 to $250,000)

Yes up to $250,000

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HSBC

Serious Saver

0.15% p.a.(for $0 and over)

0.30% p.a. (for $0 to $1,000,000)

Yes up to $250,000

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HSBC

Flexi Saver

0.05% p.a.(for $0 to $5,000,000)

0.25% p.a. (for $0 to $5,000,000)

Yes up to $250,000

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Hero Saver

0.01% p.a.(for $0 to $5,000,000)

0.80% p.a. (for $0 to $250,001)

Yes up to $250,000

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0.05% p.a.(for $1 and over)

1.05% p.a. (for $1 to $250,000)

Yes up to $250,000

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0% p.a.(for $0 and over)

1.10% p.a. (for $0 to $1,000,000)

Yes up to $250,000

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ANZ

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0.01% p.a.(for $0 and over)

0.40% p.a. (for $0 and over)

Yes up to $250,000

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0% p.a.(for $0 and over)

1.40% p.a. (for $0 and over)

Yes up to $250,000