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Savings & Transaction offers


5.15 % P.A.

Total
variable rate

Earn up to 5.15% p.a. with a variable base rate of 0.10% p.a., and a variable bonus* rate of 5.05% p.a. on an Incentive Saver account.

T&Cs apply#

$50

cashback on
your new account

Open a new Complete Freedom account with an eligible savings account by 30 September 2026.

Spend $50 or more within 15 days, and we’ll drop $50 straight into your savings.

T&Cs apply.^

How to earn bonus interest

You can earn bonus interest each month if you:

  • Keep your balance at $0 or above at all times
  • Add money to your account (interest payments don’t count)
  • Grow your balance before the last business day of the month

Want to know exactly how it works, including key dates and what counts as a month? 

Bonus interest eligibility varies by age

Under 21 years old

You’ll earn bonus interest if your account balance never goes below zero and you grow your balance by at least $0.01 during the month.

21 years and over

You’ll earn bonus interest if your account balance never goes below zero and you grow your balance by at least $50 during the month.

Make sure your deposits are settled by 9:59pm (Sydney time) on the last business day of each month. This is when we check if you qualify for bonus interest.


Fees and charges

  • $0.00 Account-Keeping Fee

     

  • $0.00 Staff assisted (branch and telephone)

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.

Calculate what you could earn on your savings

Estimate how much you’ll need to put away each month for the things you want, from your starting balance to how long it may take you to reach your goal.


Go to Savings Calculator

Features

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.

In detail

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.

How to open an account

1.
Read both the terms and conditions, and fees above
2.
Give yourself a few minutes
3.
Have your contact details handy
4.
Have your Tax File Number (TFN) ready
Important information

* Grow your account by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21), excluding interest, and your account balance does not fall below $0. Bonus interest rate may differ depending on account balance.

The $50 Cashback Promotion Terms and Conditions

This promotion runs from 9 June 2026 to 30 September 2026. 

To be eligible you must: 

- 18+ and have not held any transaction account or savings accounts with St.George Bank in the last 2 years from the date the last transaction or savings account closure.  

- Open a new Complete Freedom account AND, either a Incentive Saver OR Maxi Saver. Accounts must be in the same name, activated and ready to use. 

- Make eligible purchases totalling at least $50 using the debit card linked to your account within 15 calendar days of the first account being opened. Transaction(s) must be processed (not pending) by the end of the 15th day. 

- Transaction(s) must be customer-initiated and does not include interest payments, direct debits or internal transfers between your St.George Bank accounts. 

- Keep the account open for a minimum of 60 days after you meet all other eligibility criteria. 

- Hold the accounts in one name only. These accounts cannot be joint accounts.  

If you meet the above: 

- You're eligible for a one-time $50 payment. 

- The $50 payment will be made to your Incentive Saver OR Maxi Saver account within 60 days of you meeting all Terms and Conditions and eligibility criteria. 

- If you open more than one Incentive Saver or Maxi Saver account, the $50 payment will only be made once into the first savings account opened and activated. 

- This promotion may be varied or withdrawn at any time. It is not available in conjunction with any other offer unless otherwise stated. 
 
* The BeMoved Promotion Terms and Conditions

This promotion runs from 1 June 2026 to 31 May 2028. 

Eligibility criteria:

To be eligible for the BeMoved Promotion, you must meet all of the following criteria, you must:

  • Be an active St.George Bank customer, holding either:
    • a St.George Bank Transaction Account, or
    • a St.George Bank Credit Card
  • Be 18 years or older
  • Be the primary account holder for a residential electricity account
  • Have been with your current electricity provider at the same supply address for at least 12 months + 1 day prior to comparison
  • Have an estimated annual electricity bill of less than $5,000 AUD
  • Have no registered life support equipment at the supply address
  • Be located in NSW, VIC, SA, ACT, TAS, or South East QLD
  • Successfully connect your electricity usage data via Consumer Data Right (CDR)
  • Access One Click Switch through the Westpac designated partner link or portal

Business accounts are not eligible. Bill uploads, manual data entry or quick estimates are not eligible for this offer.

Offer details

One Click Switch offer a minimum 10% saving on your estimated annual electricity costs when you compare and switch

Savings are calculated using your actual electricity usage data from the past 12 months, accessed via CDR

Savings are based on a comparison between:

your current electricity plan, and

the cheapest eligible plan available on the One Click Switch platform at the time of comparison

If the saving identified is less than 10%, a digital gift card will be issued to cover the difference, up to a maximum value of $500 AUD

If you choose to switch to a plan that is not the cheapest available plan, the saving (or payment) will still be calculated against the cheapest eligible plan

Things you should know

Savings are calculated at the time of comparison and are not affected by future price changes from your current or new provider

Temporary credits, rebates, concessions or one‑off bill adjustments are excluded from savings calculations

You must not cancel your switch, move premises, or change plans within 75 days of your electricity switch being completed

The switch must be successfully completed and accepted by the new provider (including ID and credit checks)

Any eligible gift card will be issued within 75 days of your switch submission being reconciled

Gift cards are issued via Prezzee and are not redeemable for cash

If CDR data is unavailable, incomplete, or prevents an accurate calculation (including certain tariffs or data errors), the offer will not apply

Only one claim per household or supply address per calendar year applies

This service is free to use; standard electricity plan charges and any applicable St.George Bank account fees may apply

One Click Switch may verify eligibility and reserves the right to refuse payment where misuse or data manipulation is suspected.

St.George Bank and One Click Switch may change or withdraw this offer at any time.
 Eligible switches already submitted before withdrawal will be honoured in accordance with these terms.