St.George Term Deposit

2.05% p.a.1 year

yes

St.George Term Deposit

2.05% p.a.1 year

yes

Mozo Review   St.George Term Deposit Review

Last updated: 5 April 2019.

What's hot:
  • 2.30% interest for 1 year term

  • Interest can be paid to another bank

What's not:
  • 31 days notice for early withdrawal

Mozo snapshot:

If you’re looking for a way to lock away some money in a safe and decently high earning account, then you’re looking for a term deposit. The St.George Term Deposit has a couple of great rates, particularly 2.30% on a 1 year term and 2.50% for terms of 5 years. It also lets you have your interest paid into an account at another bank if you want, and at the end of the term you can choose between having the account renewed, automatically rollover or exit with your newly earned interest.

Key features:

Since your savings will be locked away for a fixed period of time when you opt for a term deposit, the first thing you have to ask yourself is, ‘how long do I want to put this money away for?’

The general rule is the longer the term, the better interest rate you’ll snag, and the St.George Term Deposit is no different. The highest interest rate on offer is 2.50%, when you stash your money away for 5 years. If you can’t commit to such a long period, then the one year rate is nothing to sneeze at, as it comes in at 2.30%.

With the St.George Term Deposit, you’re able to automatically rollover into a new term once the agreed period is over, or you can close the account at the end of the term. And you’ll be able to have all that interest paid into your St.George bank account or an account at another bank if you want.

The minimum amount of money you’ll need to open a St.George Term Deposit is $1000, and the maximum amount is $250,000.

Who it's good for:

While most term deposits are most effective the longer you stash your cash, the St.George Term Deposit also has a few great shorter term deals. So if you’re not sold on a long-haul commitment, it might be a good choice for you. 

Any catches?

As with any term deposit, if you decide you want to withdraw your money before the maturity date, then the amount of interest you’ll earn will decrease significantly.

Another thing to remember is that if you allow your original deposit to automatically rollover into a new term, you may not get the same interest rate you had before - so be sure to check what deal you’re getting and make arrangements for when your term comes to an end.

Details

Rates and fees information correct as at 20 June 2019. 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
  • 1.25% p.a. ($1,000 to $250,000)

  • 1.40% p.a. ($1,000 to $250,000)

  • 2.00% p.a. ($1,000 to $250,000)

  • 2.00% p.a. ($1,000 to $250,000)

  • 1.50% p.a. ($1,000 to $250,000)

  • 1.75% p.a. ($1,000 to $250,000)

  • 1.55% p.a. ($1,000 to $250,000)

  • 1.55% p.a. ($1,000 to $250,000)

  • 1.55% p.a. ($1,000 to $250,000)

  • 1.55% p.a. ($1,000 to $250,000)

  • 1.55% p.a. ($1,000 to $250,000)

  • 2.05% p.a. ($1,000 to $250,000)

  • 2.00% p.a. ($1,000 to $250,000)

  • 2.00% p.a. ($1,000 to $250,000)

  • 2.00% p.a. ($1,000 to $250,000)

  • 2.00% p.a. ($1,000 to $250,000)

Other financial bits
  • $1,000.00

  • $250,000.00

Features
  • direct credit, cheque

  • yes

  • yes

  • 31 days notice required if customers want to withdraw their funds before the maturity date.

  • none

*Different interest rates apply to different amounts or different interest payment frequencies.

Customer Reviews

How are St.George term deposits rated by the Mozo community?

Overall customer rating
7.7/10
Price
7.3/10
Features
6.6/10
Customer service
7.9/10
Convenience
8.1/10
Trust
8.0/10

Latest reviews of St.George Term Deposit

  • Overall
    9/10
    The best that I have experienced

    St George have terrific investment products both for term deposits and instant access accounts...

    St George have terrific investment products both for term deposits and instant access accounts far better than any other bank that I have tried. The staff are extremely polite and helpful.

    Price
    8/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    9/10
    Trust
    10/10

    Rick | New South Wales

    reviewed over 5 years ago

  • Overall
    10/10
    Great customer sevice with all products

    I have been with St George bank for some 40 years they may not always have the lowest fees etc...

    I have been with St George bank for some 40 years they may not always have the lowest fees etc however they have always looked after me especially through hard times for me I would not go with any other.

    Price
    9/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Lorraine | Queensland

    reviewed over 5 years ago

  • Overall
    6/10
    Good rates, great online and personal service

    My term deposits with St George are amazingly easy to operate online and are accompanied by a...

    My term deposits with St George are amazingly easy to operate online and are accompanied by a personal contact when a deposit matures to give me advice about what current investment products might suit me best. Only complaint is that the current interest rates are so low that my savings for retirement plans will mean I need to work a few extra years - I planned on an annual rate of 5-6% and now it's less than 4%.

    Price
    5/10
    Features
    7/10
    Customer service
    7/10
    Convenience
    8/10
    Trust
    8/10

    Lynnette | New South Wales

    reviewed over 5 years ago

  • Overall
    7/10
    Customers also shareholders. Best combination

    More then just a bank, like a family member helping us out for years now.

    More then just a bank, like a family member helping us out for years now.

    Price
    8/10
    Features
    5/10
    Customer service
    6/10
    Convenience
    7/10
    Trust
    8/10

    Name not supplied | New South Wales

    reviewed almost 6 years ago

  • Overall
    9/10
    Great customer service, feels secure

    They have always looked after me. They are very helpful and try & do what's best for you.

    They have always looked after me. They are very helpful and try & do what's best for you.

    Price
    7/10
    Features
    6/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    9/10

    Nicole | New South Wales

    reviewed almost 6 years 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.

See St.George term deposits

Promoted

UBank

UBank

Term Deposit

2.25% p.a.

$1,000.00

Promoted

Citi

Citi

Term Deposit

$250,000.00

Promoted

UBank

UBank

Green Term Deposit

$1,000.00

Promoted

MyState Bank

MyState Bank

Term Deposit

2.20% p.a.

$5,000.00