Influences such as seasonal markets, financial resources and the constantly changing face of commercial markets mean that every business has unique requirements for cash management and investment. That's why St.George offers a wide range of flexible and convenient investment options.
With a choice of high yielding investments, we can provide a competitive solution that can meet your needs for cash flow management, at call access and short or longer-term returns on invested funds.
Our range of investment products is extensive and includes:
- Fixed term deposits
- Tailored deposits
- Call accounts
- Bank bills
- Fixed Interest Securities
- Secure investment
- Fixed interest rate
- Terms from 30 days to 5 years
A Coupon Select Deposit provides investors with more flexibility than a standard term deposit. Investors can tailor some of the product features to align with their interest rate view and/or cash flow requirements.
Please see the Product Disclosure Statement for further information.
- High interest rate
- Funds at call
A bank bill is a bearer instrument and a negotiable security with terms from 1 to 6 months. The minimum investment at St.George Bank is $500,000 and thereafter-in multiples of $100,000.
Bank Bills are issued at a discount to Face Value.
Commonwealth and state government bonds
At the top of the 'risk free' tree, these securities are available for terms of up to 12 years.
Because of their low risk profile, the rates offered are often lower than other investments of comparable terms. They are however, extremely tradeable within the financial markets should you need to liquidate your investment before maturity. Bonds have a coupon attached (usually semi annual) and the yield achievable is, amongst other determinants, primarily driven by the expectation of inflation.
These are similar to government bonds, however your risk is determined by the corporate that is issuing the bond.
Floating Rate Notes are a tradeable security that can be bought and sold at the prevailing market rate. This rate represents the premium above BBSW that the market is prepared to pay for the coupon attached to the security. These differences in premiums reflect the perceived credit risk of the FRN, the term to maturity and the market sentiment generally.
The FRNs are issued by Corporates and Banks and are rated by international rating agencies Standard & Poors (S&P) and Moodys.
These are similar in their structure and trading to FRNs. However, they represent a securitisation vehicle used within financial markets to fund home loan mortgages, in-store credit cards and similar instruments.
A good example of these securities is an issue called Crusade Trust, used to fund the Great Aussie Home Loan product of St.George Bank Limited. Backed by a parcel of the mortgages, these securities represent minimal risk as they have been credit-enhanced by mortgage insurance.
As a result, almost all enjoy a 'AAA' credit rating. Margins-to-coupon for MBSs are generally higher than for FRNs.