St. George Bank Savings Accounts

St George: Outstanding Value Award Winner

St George Bank is a provider of savings accounts, as well as other banking solutions such as loans, credit cards, international and travel services and insurance.

Compare St George Bank savings accounts

Considering a savings account from St George Bank? The table below displays a snapshot of St George Bank savings accounts on Canstar’s database, sorted by Star Rating. These results are based on a regular saver profile in NSW with $10,000 in current savings.

To see the definition of a regular saver and other profiles used in Canstar’s Star Ratings, view Canstar’s savings account methodology here. Or you can search our database for a savings account to suit your needs.

Compare Savings Accounts

What savings accounts does St George Bank offer?

St George Bank offers the following savings accounts at the time of writing:

Incentive Saver

A focused saver account that includes a variable base rate plus a variable bonus rate each month you qualify.

Maxi Saver

A more straightforward savings account with an introductory 3-month variable rate, which includes a fixed bonus rate for new Maxi Saver customers.

You can view the current interest rates on St George Bank savings accounts in our comparison tables.

Do St George Bank savings accounts require a linked transaction account?

St George Bank requires a linked transaction account for its Maxi Saver account.

You can compare transaction accounts with Canstar to potentially find one that suits your requirements.

Compare Transaction Accounts

Does St George Bank charge fees on its savings accounts?

Savings accounts can come with several fees, such as monthly account-keeping fees, transaction fees, withdrawal fees and more. St George Bank charges the following fees on its savings accounts at the time of writing.

  • $2.50 staff assistance fee (in branch and on telephone)
  • $2.00 frequent statement fee (when you request a statement outside of the cycle)

Other fees may also apply. For more information on fees and how they apply, please check the Product Disclosure Statement (PDS).

What does St George Bank offer in terms of mobile banking for savings accounts?

St George Bank offers both online and mobile banking for its savings products, with its app available in both the Apple and Google store. Notable features of St George Bank’s mobile banking include the ability to:

  • Set up and view the balances and recent transactions of up to 3 of your accounts without logging on
  • Transfer money between your Quick balance accounts

How to apply for a St George Bank savings account

Before applying for a St George Bank savings account, consider comparing it compare it against other savings accounts on the market to ensure it is the right one for you. You can then apply for a St George Bank savings account online, provided you have the correct documentation:

  • At least one form of ID, such as your driver’s license or passport
  • Accurate personal information, such as your name, date of birth, address and phone number
  • A current Australian Tax File Number

Once your account is opened, St George Bank may require you to transfer in a minimum amount before your account can be activated – check the PDS document for more information on how much you might need to deposit.

Related article: How to change bank accounts

Eligibility requirements

According to St George Bank, before you open a savings account, you will have to meet the following eligibility requirements:

  • Be 14 years of age or older
  • Have a current Australian residential address

What other products does St George Bank provide?

St George Bank provides a variety of different products to consumers, including:

  • Loans
  • Insurance
  • Credit cards
  • International and travel services

About St George Bank

St. George is known to many as the bank with the dragon logo. They were founded in 1937 in the suburbs of southern Sydney as a co-operative building society. They achieved full banking status in July 1992 and now claim to have over 2.6 million customers in Australia.

In 2008, St. George became part of the Westpac Group.

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Written by: Maddie Clarey | Last updated: August 27, 2018