St. George Bank
Incentive Saver
An account that rewards you with bonus interest for regular saving to help you save faster.
Savings & transaction accountsBank updated 31 Aug 2026
At a glance
- Base rate
- 0.01%
- Bonus rate
- 5.14%
- Up to
- 5.15%
- Monthly fee
- $0
§ 01 — Rates · 13
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| BonusTo 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… | — | — | up to $20,000 | 5.14% | — | paid every 1 mo; Deposit balance increased |
| BonusTo 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… | — | — | $100,000–$250,000 | 5.14% | — | paid every 1 mo; Deposit balance increased |
| BonusTo 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… | — | — | $1,000,001+ | 5.14% | — | paid every 1 mo; Deposit balance increased |
| BonusTo 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… | — | — | $20,000–$100,000 | 5.14% | — | paid every 1 mo; Deposit balance increased |
| BonusTo 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… | — | — | $250,000–$500,000 | 5.14% | — | paid every 1 mo; Deposit balance increased |
| BonusTo 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… | — | — | $500,000–$1,000,000 | 5.14% | — | paid every 1 mo; Deposit balance increased |
| Penalty | — | — | — | 15.01% | — | 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… |
| VariableStandard variable rate | — | — | up to $20,000 | 0.01% | — | paid every 1 mo; Min deposit amount |
| VariableStandard variable rate | — | — | $100,000–$250,000 | 0.01% | — | paid every 1 mo; Min deposit amount |
| VariableStandard variable rate | — | — | $1,000,001+ | 0.01% | — | paid every 1 mo; Min deposit amount |
| VariableStandard variable rate | — | — | $20,000–$100,000 | 0.01% | — | paid every 1 mo; Min deposit amount |
| VariableStandard variable rate | — | — | $250,000–$500,000 | 0.01% | — | paid every 1 mo; Min deposit amount |
| VariableStandard variable rate | — | — | $500,000–$1,000,000 | 0.01% | — | paid every 1 mo; Min deposit amount |
§ 02 — Fees · 13
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Collection Item | Event | No fee | — | — |
| Frequent Statement | Event | No fee | — | — |
| Overdrawn Fee | Event | $15 | — | — |
| Account Keeping Fee | Periodic | No fee | Every 1 mo | — |
| EFTPOS | Transaction | No fee | — | — |
| Foreign Currency Conversion Fee | Transaction | 3.00% of transaction | — | 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 acco… |
| Internet Banking | Transaction | No fee | — | — |
| Phone Banking | Transaction | No fee | — | — |
| Visa Debit Transactions | Transaction | No fee | — | — |
| Bank@Post | Withdrawal | No fee | — | — |
| Direct Debit | Withdrawal | No fee | — | — |
| Overseas Withdrawal | Withdrawal | $5 | — | — |
| Staff assisted (branch and telephone) | Withdrawal | No fee | — | — |
§ 03 — Features
Digital bankingFraud protectionRelationship manager
- · 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 202…
- · 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
§ 04 — Eligibility & limits
- · Residency: Those with an Australian residential address and who are currently in Australia.
- · An account may be opened in a child's name when the child is under 14, with a parent, guardian, or grandparent as authorised signatory.
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
Published by St.George Bank under the Consumer Data Right, last changed by them on 31 Aug 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.