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.
Special cashback offer: Customers who link their Incentive Saver and Complete Freedom transaction accounts could get $30 cashback if they deposit $100 into their savings within 50 days (if you already have one of those accounts) or 30 days (if you're opening both accounts for the first time). T&Cs apply.
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. |
|
|
Balances from $0: 5.25% p.a. |
|
|
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 |
|
|
n/a |
|
|
Unlimited transactions from phone and internet. 1 free counter withdrawal transaction |
|
|
n/a |
|
|
n/a |
|
|
$0.00 |
|
|
$0.00 |
|
|
$2.50 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
Monthly |
|
no |
|
|
$2,000.00 |
|
|
no |
|
|
no |
|
|
no |
|
|
yes |
|
|
no |
|
|
yes |
|
|
yes |
|
|
yes |
|
|
yes |
|
|
none |
|
|
0.10% extra intro bonus rate if the account is opened online. |
|
|
none |
^See information about the Mozo Expert Choice Awards
Very happy wth there accountability with many people , there patience, fixing a problem when needed.
Read full reviewVery happy wth there accountability with many people , there patience, fixing a problem when needed.
I have found the bank very good & it's services . it's rates for savings accounts might not be up to other people's requirements but does the job for me.
Read full reviewI have found the bank very good & it's services . it's rates for savings accounts might not be up to other people's requirements but does the job for me.
I've found St George Bank to be trustworthy and helpful . Especially in stopping scammers from gaining access to my money and in refunding me for erroneous online transactions . Their interest rate is competitive with other banks and they have provided excellentllent advice towards different products to make the most out of my money.
Read full reviewI've found St George Bank to be trustworthy and helpful . Especially in stopping scammers from gaining access to my money and in refunding me for erroneous online transactions . Their interest rate is competitive with other banks and they have provided excellentllent advice towards different products to make the most out of my money.
I love how convenient the st George app is and their interest incentivises me to save more each month. Opening up my account was easy and the staff are always very helpful and friendly.
Read full reviewI love how convenient the st George app is and their interest incentivises me to save more each month. Opening up my account was easy and the staff are always very helpful and friendly.
No problem I like the bank suits my needs
Read full reviewNo problem I like the bank suits my needs
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
Savings Maximiser
5.50% p.a. (for $0 to $100,000)
0.55% p.a.(for $0 and over)
Yes up to $250,000
Bonus Saver
5.00% p.a. (for $0 and over)
1.00% p.a.(for $0 and over)
Yes up to $250,000
Savings Accelerator
3.55% p.a. (for $0 to $50,000)
2.85% p.a.(for $0 to $50,000)
Yes up to $250,000
Life - 18-29 years old
5.20% p.a. (for $0 to $30,000)
1.85% p.a.(for $0 and over)
Yes up to $250,000
Bonus Saver Account
5.00% p.a. (for $0 to $250,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
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)
Savings Maximiser
5.50% p.a. (for $0 to $100,000)
Yes up to $250,000
0.55% p.a.(for $0 and over)
Bonus Saver
5.00% p.a. (for $0 and over)
Yes up to $250,000
1.00% p.a.(for $0 and over)
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)
Life - 18-29 years old
5.20% p.a. (for $0 to $30,000)
Yes up to $250,000
1.85% p.a.(for $0 and over)
Savings Accelerator
3.55% p.a. (for $0 to $50,000)
Yes up to $250,000
2.85% p.a.(for $0 to $50,000)
Savings Maximiser
0.55% p.a.(for $0 and over)
5.50% p.a. (for $0 to $100,000)
Yes up to $250,000
Bonus Saver
1.00% p.a.(for $0 and over)
5.00% p.a. (for $0 and over)
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
Kids Bonus Saver
0.05% p.a.(for $1 and over)
0.85% p.a. (for $5,556 and over)
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
Progress Saver
0.01% p.a.(for $0 and over)
4.25% p.a. (for $0 and over)
Yes up to $250,000
