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Incentive Saver Account

A savings account that rewards you with bonus interest!

  • Earn bonus interest every month you make at least one deposit and no withdrawals
  • No account service fees
  • No minimum monthly balance required
  • Great for people saving towards a goal. Encourages you to save.
Apply Now

Savings account with a competitive rate

  • New Incentive Saver customers can earn up to p.a. including variable bonus interest as well as a bonus p.a. fixed for the first 4 months3

Earn bonus variable interest

  • Every month you make at least one deposit and no withdrawals

Save on fees

  • No monthly account service fee
  • 1 free withdrawal every month

Easy access

Compare

Incentive Saver Account fees
Monthly account service fee $0
Number of free withdrawals per month 1
Transaction fees for everyday banking (where a relevant Free monthly withdrawal allowance applies, these transaction fees are payable per transaction after the allowance has been exceeded.
Internet Banking Free
Phone Banking Free
St.George / Westpac / BankSA ATMs in Australia $0.60
Electronic agency $0.60
Staff assisted $2.50
Bank@Post™ $2.50
Transaction fees (Free monthly withdrawal allowances do not apply to these fees)
Direct Debit $0.20
Periodical Payment $4.00
Overseas Cash Withdrawal (including overseas ATM withdrawal) $5.00
St.George / BankSA ATM Mini transaction history request $0.20
Frequent Statement (per month) $2.00
Foreign Currency Conversion 3.0%
Collection item Free

Great for people who want to save towards a goal

Get an incentive to save – with a bonus rate of interest every month you make at least one deposit and no withdrawals. It’s the perfect encouragement to save.

Choose Incentive Saver if you want:

  1. $0 monthly account service fee
  2. Bonus interest rate every month you make at least one deposit and no withdrawals
  3. All the benefits of a competitive interest savings account without maintaining a minimum monthly balance
  4. Free automatic Direct Credits (like automatic transfers from another account every month), so you save faster
  5.  Easy access in branch, ATMs, EFTPOS, Internet and Phone Banking
  6. All the little extras, like eStatements, mini transaction history at ATMs, optional SMS and Email Alerts2.
  7. Available for personal customers only. Not available for businesses or self managed superannuation funds.

Keeping track of Incentive Saver is easy!

Internet Banking View transactions online anytime with Internet Banking1
Paper Statements Posted to you every 6 months
Mini transaction history Available at any St.George ATM
eStatements View, print and save up to 2 years of statements online when you choose eStatements
Yearly interest summary View and print your Financial Year interest summary with Internet Banking
SMS/Email Alerts Keep track of how your saving by setting up a balance alert

Interest rates

Interest rate component Rate
Standard variable base rate  p.a.
Promotional bonus interest available for New Incentive Saver customers (fixed for the first 4 months)  p.a.
Bonus variable interest rate each month that you make a deposit and no withdrawals  p.a.
Earn up to  p.a.

Open a new Incentive Saver account by , and provided you have not held an Incentive Saver Account before , you'll receive an additional fixed bonus interest rate of   p.a. for the first 4 months after your account is opened.

The standard variable Incentive Saver rate and bonus interest rate may be changed at any time but the fixed bonus rate will not change while it applies.

Apply online

Apply now. It takes just 10 minutes!

Call us

13 33 30 and say “New account” when prompted

Visit a Branch

Find your nearest branch

What you'll need

Contact details (address, phone number, email address)

Tips

New to St.George? To open a bank account in Australia, you’ll need to confirm your identification.

Important information

Conditions and fees apply.

Before making a decision, it’s best to read the terms and conditions

Please read these documents and keep a copy. You can request a paper copy at a branch.

The advice on our website is prepared without knowing your personal financial circumstances. Before you act on this or any advice, please consider if it’s right for you. If you need help, call 13 33 30.

1Subject to systems availability.
2Fees apply for SMS Alerts per month. Email Alerts are free.
3If you open a new Incentive Saver account between and , and you have not held an Incentive Saver Account before and you are a personal customer, you'll earn an Introductory Promotional Fixed Bonus Rate of p.a. on top of the standard variable interest rates (standard base rate and bonus rate when the bonus rate criteria is met) during the Promotional Rate Period. The Promotional Rate Period is the first 4 months from the date your account is opened.