Term Deposit rates

See the fixed interest rate for your choice of term, then check for additional bonus rates.

Special offer
Rates
About Term Deposits
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Special Offer

Up to 5.00% p.a. online offer for 11 months

How your interest adds up:

4.80% p.a. Fixed Rate Special Offer¹ Term Deposit for a Term of 11 months
PLUS, an additional 0.20% p.a. online bonus offer² when you open or renew online

Up to 4.90% p.a. online offer for 8 months

How your interest adds up:

4.70 p.a. Fixed Rate Special Offer¹ Term Deposit for Terms of 8 months
PLUS, an additional 0.20% p.a. online bonus offer² when you open or renew online

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Offers available from 4/12/2024 on Term Deposits opened or renewed by existing St.George personal or business customers. Available on deposits of $1,000-$5,000,000 with interest paid monthly or at maturity depending on term. T&Cs Apply.

To open a joint Term Deposit, or Term Deposit for a trust or self-managed super fund, please visit us in branch, or contact your Relationship Manager.

Not yet a St.George customer? Please contact a St.George Branch.

Term Deposit interest rates and terms

Rates apply to deposits of $1,000 to $2,000,000 with interest paid as indicated in the table.

Note: joint Term Deposit applications, or Term Deposit applications for a trust or self-managed super fund, need to be completed in branch, or contact your Relationship Manager

Rates for popular Term Deposits

3 months	6 months	24 months
3.25% p.a.	3.60% p.a.	3.80% p.a

For term deposits with interest paid at maturity. Rate may differ when interest is paid on another frequency.
Add 0.20% p.a. to these rates if you’re already with St.George and opening or renewing online¹
Logon to check for any higher bonus rates you may qualify for.

Rates for terms of 1 to 5 months

	Interest paid at maturity
Term	Fixed rate p.a.
1 month	1.25% p.a.
2 months	1.45% p.a.
3 months	3.25% p.a.
4 months	3.35% p.a.
5 months	3.45% p.a.

Add 0.20% p.a. to these rates if you’re already with St.George and opening or renewing online¹
Logon to check for any higher bonus rates you may qualify for

Rates for terms of 6 to 11 months

	Interest paid monthly	Interest paid at maturity
Term	Fixed rate p.a.	Fixed rate p.a.
6 months	3.55% p.a.	3.60% p.a.
7 months	3.55% p.a.	3.60% p.a.
8 months	3.75% p.a.	3.80% p.a.
9 months	3.95% p.a.	4.00% p.a.
10 months	3.95% p.a.	4.00% p.a.
11 months	3.95% p.a.	4.00% p.a.

Add 0.20% p.a. to these rates if you’re already with St.George and opening or renewing online¹
Logon to check for any higher bonus rates you may qualify for

Rates for terms of 12 months or more

	Interest paid monthly or half-yearly	Interest paid annually or at maturity
Term	Fixed rate p.a.	Fixed rate p.a.
12 - 23 months	3.95% p.a.	4.00% p.a.
24 - 35 months	3.75% p.a.	3.80% p.a.
36 - 47 months	3.55% p.a.	3.60% p.a.
48 - 59 months	3.55% p.a.	3.60% p.a.
60 months	3.55% p.a.	3.60% p.a.

Add 0.20% p.a. to these rates if you’re already with St.George and opening or renewing online¹
Logon to check for any higher bonus rates you may qualify for
Choice of interest payment frequencies dependent on the selected term

Grace Period interest rate

The Grace Period variable rate is currently 0.05% p.a.

Our Term Deposits have a 14-day Grace Period starting from the date of maturity. During this time, you can make changes, including withdrawing funds or closing your account, without incurring a fee (or a reduction in your interest return for interest earned during the immediately preceding term).

If you do close your account or withdraw some funds during the Grace Period, you’ll be paid any undispersed interest earned throughout your term plus the Grace Period interest rate on the amount withdrawn for the period between the date of maturity and the date when funds were withdrawn.

What is a Term Deposit and how does it work?

Choice of terms

A Term Deposit is a type of savings account where your money is locked away safely for the time you choose.

Fixed interest

The interest rate in place when you open the account is fixed for the whole term, so it doesn’t apply if you withdraw funds early.

Option to reinvest

When the term is over you can withdraw your money or invest some or all of it for another term.

How do I manage my Term Deposit?

There’s no need to call or visit a branch as you can do it all online or in our app
You can set up instructions in advance online and update them at any time
If you want to reinvest some or all of your funds in a new Term Deposit, check the latest rates on offer online plus any bonus rates
If you want to withdraw your funds, you can provide us with your instructions to transfer them into an account that you nominate.

Read more about managing your Term Deposit

Don't bank online? Please visit any branch to manage your Term Deposit. Or call us.

FAQs about our 0.10% p.a. online bonus rate

How do I access the online bonus rate?

The 0.20 p.a. online bonus rate will be applied automatically to your Term Deposit rate when you open online or renew online during the Grace Period³. It’s only available to existing customers who bank online and in the app.

How will the rate be displayed?

Does the rate apply to special offers?

What if I'm not eligible to apply or renew online?

Already bank with us online?

Logon to check for rates and bonuses for new Term Deposits.

New to St.George?

Apply in branch. Or open an everyday account then apply for a Term Deposit online.

Deposit about to mature?

Manage your Term Deposit online, choosing to renew or withdraw.

Important information

Before making a decision about any of our products or services, please read all the terms and conditions and consider whether the product or service is right for you. Fees and charges apply and may change.

Term Deposits Terms and Conditions and General Information (PDF 4MB)

Internet Banking and Phone Banking Terms and Conditions (PDF 708KB)

1. Special Offer

Existing St.George personal and sole trader customers taking up a Special Offer Term Deposit.
Opened, or renewed during the grace period, via Internet Banking, the App or by talking to us. Not available in Business Banking Online.
Not available for Financial Institutions or Government customers.
For renewing Term Deposits, customer-initiated instructions must be provided in the grace period.
We reserve the right to withdraw, amend or extend the offer at any time.
Rate and offer apply for a single term.
Higher or lower rates may apply for subsequent terms.
You must provide a minimum of 31 days’ notice to access funds prior to maturity (except in cases of hardship).
If the deposit or any part of it is withdrawn early, an interest rate adjustment will usually apply.

2. Online Bonus Offer

Term Deposits opened or renewed during the grace period via Internet Banking or the App only. Not available in Business Banking Online.
The bonus offer will be applied in conjunction with any other rate offer that may apply.
Not available for customers who are not able to open or renew via Internet Banking (e.g., some joint accounts), business customers except sole traders or Term Deposits held as security.
For renewing Term Deposits, customer-initiated instructions must be provided in the grace period.
We reserve the right to withdraw, amend or extend the offer at any time.
Rate and offer apply for a single term.
Higher or lower rates may apply for subsequent terms.
You must provide a minimum of 31 days’ notice to access funds prior to maturity (except in cases of hardship).
If the deposit or any part of it is withdrawn early, an interest rate adjustment will usually apply.

3. Grace Period means 14 calendar days from the date the Term Deposit matures. If the end of the Grace Period would fall on a Sunday or a public holiday, the period ends on the immediately preceding Business Day.