St.George Incentive Saver Account

0.20% p.a.(for $0 and over)

1.10% p.a. (for $0 to $100,000)

St.George Incentive Saver Account

0.20% p.a.(for $0 and over)

1.10% p.a. (for $0 to $100,000)

Mozo Review   St.George Incentive Saver Account Review

Last updated: 17 March 2020.

What's hot:
  • 1.45% maximum rate for balances over $250k

  • No account fees

What's not:
  • 0.20% standard rate

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.

Any catches?

Just keep in mind that you will need to meet the saving criteria in order to earn the 1.10%, 1.35% or 1.45% maximum rates, otherwise you’ll only receive the low standard rate of 0.20%.

Details

Rates and fees information correct as at 4 April 2020. 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: 1.10% p.a.
    Balances from $100,000: 1.35% p.a.
    Balances from $250,000: 1.45% 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 transaction from network ATM, EFTPOS and counter withdrawals

  • 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 customer rating
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

  • Overall 0/10
    Terrible.

    If the customer service team on the phone make mistake and fail to identify you as a customer, you can not get help from them for 24 hours. We are going to another bank because of it!

    Read full review

    If the customer service team on the phone make mistake and fail to identify you as a customer, you can not get help from them for 24 hours. We are going to another bank because of it!

    Price
    0/10
    Features
    0/10
    Customer service
    0/10
    Convenience
    0/10
    Trust
    0/10
    Less
    Elena, Queensland reviewed 16 days ago
  • Overall 10/10
    Very happy with our bank.

    I'm happy with St.George. We have been with them for years great customer service as well.

    Read full review

    I'm happy with St.George. We have been with them for years great customer service as well.

    Price
    5/10
    Features
    -1/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Angela, New South Wales reviewed 4 months ago
  • Overall 9/10
    Easy, trustworthy and convenient to use.

    I'm able to earn extra interest by not withdrawing in a calendar month.

    Read full review

    I'm able to earn extra interest by not withdrawing in a calendar month.

    Price
    9/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Pam, New South Wales reviewed 5 months ago
  • Overall 8/10
    Overall not bad but would shop around first

    Everything is good except the interest rate. It's a joke! Could definitely be higher.

    Read full review

    Everything is good except the interest rate. It's a joke! Could definitely be higher.

    Price
    4/10
    Features
    5/10
    Customer service
    7/10
    Convenience
    7/10
    Trust
    9/10
    Less
    Stuart, New South Wales reviewed over 1 year ago
  • Overall 10/10
    Simply amazing

    Would give them a 10 out of 10. The interest is fair, the features are amazing and the service is always extremely helpful.

    Read full review

    Would give them a 10 out of 10. The interest is fair, the features are amazing and the service is always extremely helpful.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Yilmaz, Northern Territory reviewed over 1 year ago
St.George

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.

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