St.George Bank
Incentive Saver
St.George Bank · trans and savings accounts
Provider last updated this product 2026-09-30.
An account that rewards you with bonus interest for regular saving to help you save faster.
Lending rates
| Type | Rate | Comparison | Purpose | Repayment | Fixed term | Applies to | Interest |
|---|---|---|---|---|---|---|---|
| PENALTY | 15.01% | - | OTHER | OTHER | - | - | calculated daily, paid monthly |
| The Unarranged Lending Rate (ULR) is a debit interest rate charged to a transaction account if it becomes overdrawn without arrangement. It will be calculated daily on the debit balance (and deducted on the last business day of each month) using the then current ULR until the account balance is positive again. | |||||||
Deposit rates
| Type | Rate | Term | Calculated | Applies to | Conditions | Interest |
|---|---|---|---|---|---|---|
| BONUS | 5.14% | - | daily | $0 - $19,999.99 | To earn Bonus interest rates, grow your account by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21) and keep your balance above $0. Add money to your account (interest payments don?t count). Grow your balance before the last business day of the month | calculated daily, paid monthly |
| To earn Bonus interest rates, grow your account by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21) and keep your balance above $0. Add money to your account (interest payments don?t count). Grow your balance before the last business day of the month | ||||||
| VARIABLE | 0.01% | - | daily | $0 - $19,999.99 | Standard variable rate | calculated daily, paid monthly |
| Standard variable rate | ||||||
| BONUS | 5.14% | - | daily | $20,000 - $99,999.99 | To earn Bonus interest rates, grow your account by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21) and keep your balance above $0. Add money to your account (interest payments don?t count). Grow your balance before the last business day of the month | calculated daily, paid monthly |
| To earn Bonus interest rates, grow your account by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21) and keep your balance above $0. Add money to your account (interest payments don?t count). Grow your balance before the last business day of the month | ||||||
| VARIABLE | 0.01% | - | daily | $20,000 - $99,999.99 | Standard variable rate | calculated daily, paid monthly |
| Standard variable rate | ||||||
| BONUS | 5.14% | - | daily | $100,000 - $249,999.99 | To earn Bonus interest rates, grow your account by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21) and keep your balance above $0. Add money to your account (interest payments don?t count). Grow your balance before the last business day of the month | calculated daily, paid monthly |
| To earn Bonus interest rates, grow your account by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21) and keep your balance above $0. Add money to your account (interest payments don?t count). Grow your balance before the last business day of the month | ||||||
| VARIABLE | 0.01% | - | daily | $100,000 - $249,999.99 | Standard variable rate | calculated daily, paid monthly |
| Standard variable rate | ||||||
| BONUS | 5.14% | - | daily | $250,000 - $499,999.99 | To earn Bonus interest rates, grow your account by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21) and keep your balance above $0. Add money to your account (interest payments don?t count). Grow your balance before the last business day of the month | calculated daily, paid monthly |
| To earn Bonus interest rates, grow your account by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21) and keep your balance above $0. Add money to your account (interest payments don?t count). Grow your balance before the last business day of the month | ||||||
| VARIABLE | 0.01% | - | daily | $250,000 - $499,999.99 | Standard variable rate | calculated daily, paid monthly |
| Standard variable rate | ||||||
| BONUS | 5.14% | - | daily | $500,000 - $1,000,000 | To earn Bonus interest rates, grow your account by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21) and keep your balance above $0. Add money to your account (interest payments don?t count). Grow your balance before the last business day of the month | calculated daily, paid monthly |
| To earn Bonus interest rates, grow your account by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21) and keep your balance above $0. Add money to your account (interest payments don?t count). Grow your balance before the last business day of the month | ||||||
| VARIABLE | 0.01% | - | daily | $500,000 - $1,000,000 | Standard variable rate | calculated daily, paid monthly |
| Standard variable rate | ||||||
| BONUS | 5.14% | - | daily | $1,000,001+ | To earn Bonus interest rates, grow your account by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21) and keep your balance above $0. Add money to your account (interest payments don?t count). Grow your balance before the last business day of the month | calculated daily, paid monthly |
| To earn Bonus interest rates, grow your account by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21) and keep your balance above $0. Add money to your account (interest payments don?t count). Grow your balance before the last business day of the month | ||||||
| VARIABLE | 0.01% | - | daily | $1,000,001+ | Standard variable rate | calculated daily, paid monthly |
| Standard variable rate | ||||||
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| Account Keeping Fee | PERIODIC | $0 | - |
| Internet Banking | TRANSACTION | $0 | - |
| Phone Banking | TRANSACTION | $0 | - |
| Visa Debit Transactions | TRANSACTION | $0 | - |
| EFTPOS | TRANSACTION | $0 | - |
| Collection Item | EVENT | $0 | - |
| Overdrawn Fee | EVENT | $15 | - |
| Overseas Withdrawal | WITHDRAWAL | $5 | - |
| Direct Debit | WITHDRAWAL | $0 | - |
| Foreign Currency Conversion Fee | TRANSACTION | 3.00% | This fee is charged for any transaction that involves the conversion of an amount of foreign currency into Australian Dollars. The fee is charged at the time the transaction is processed to your account. The fee will be shown on your account statement separately to the transaction amount. |
| Frequent Statement | EVENT | $0 | - |
| Staff assisted (branch and telephone) | WITHDRAWAL | $0 | - |
| Bank@Post | WITHDRAWAL | $0 | - |
Rate history
The figures behind this chart
| From | Until | Rate |
|---|---|---|
| 2026-07-15 | 2026-08-30 | 5.05% |
| 2026-09-01 | 2026-09-30 (current) | 5.14% |
Published figures as captured daily since 2026-07-15. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
- The BeMoved Promotion Terms and Conditions. You could get a minimum 10% electricity saving with One Click Switch. Compare and switch your electricity plan through One Click Switch between 18 June 2026 and 31 May 2028. Savings are calculated using your existing electricity usage from the past 12 months via Consumer Data Right (CDR). If your saving is less than 10%, the difference will be paid as a digital gift card, up to $500. Customers 18 years or older. T&Cs apply. Must already hold a St.George debit card or credit card to be eligible.
- Automatic transfers : Help yourself get the total reward rate by setting up a monthly deposit in online banking.
- Uncapped saving : Interest is calculated on the total balance of your Incentive Saver with no limit on deposit amounts.
- Government guarantee : The Financial Claims Scheme guarantees deposits to a cap of $250,000 per account-holder.
- Quick Balance : Know exactly how much money you have on hand, at a glance at your smartphone or watch.
- No limit on the number of accounts that customer can hold, unless the account holder is under the age of 18, in which case a limit of one account applies
- Account can be opened via Online and mobile (minimum age may apply), in branch and phone.
- No minimum opening balance for this account
- Statements : 6 monthly, or more frequently on request.
- You will earn tiered interest with this product. Interest is paid monthly.
- You can pay bills using BPAY
Who can apply
- otherAn account may be opened in a child's name when the child is under 14, with a parent, guardian, or grandparent as authorised signatory.
- residency status - Those with an Australian residential address and who are currently in Australia.
The provider's own documents
Published by the provider under the Consumer Data Right. These are their documents, not ours - they are the authority on this product.
Last updated by data holder: 2026-09-30T01:50:36Z · Product ID: STGSavIncentiveSaver