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St.George Incentive Saver Account

Advertiser disclosure
Interest rate
0.15% p.a.(for $0 and over)
Maximum rate
0.30% p.a. (for $0 and over)
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review St.George Incentive Saver Account - last updated: 17 September 2021

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What's hot
  • 0.30% maximum rate
  • No account fees
What's not
  • 0.15% 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 0.30% 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 0.30%. 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 0.30% rate, otherwise you’ll only receive the low standard rate of 0.15%.

Details

Rates and fees information correct as at 25 October 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: 0.15% p.a.

Balances from $0: 0.30% 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

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