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Incentive Saver

A savings account that rewards good savers

Open an account today

Incentive Saver account features

Bonus interest

Earn bonus interest every month you make at least one deposit and no withdrawals1

Competitive rates

Competitive rates to make your money work harder

Bank on the go

Internet, mobile & phone banking


Why open an Incentive Saver account?

Get an incentive to save - with a bonus rate of interest every month you make at least one deposit and no withdrawals and maintain a minimum balance of $1 in the account during the calendar month. It’s the perfect encouragement to save.


Earn up to


each month that you make a deposit and no withdrawals.1

$0 monthly account service fee

No minimum monthly balance required


Rates, fees & charges

What you should know about rates, fees and charges.

Standard variable rate 0.01% p.a.
Bonus variable interest rate each month that you make a deposit and no withdrawals 1.74% p.a.
Earn up to 1.75% p.a.

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.

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 / Bank of Melbourne / BankSA ATMs in Australia $0.60
Electronic agency $0.60
Staff assisted $2.50


Transaction fees (Free monthly withdrawal allowances do not apply to these fees)
Direct Debit $0.20
Periodical Payment $4
Overseas Cash Withdrawal (including overseas ATM withdrawal) $5
St.George / Westpac / Bank of Melbourne / BankSA ATM Mini transaction history request $0.20
Frequent Statement (per month) $2
Foreign Currency Conversion 3%
Collection item Free

Frequently asked questions

Outstanding security for your savings


Protected under the Financial Claims Scheme

St.George savings accounts are "protected accounts" under the Australian Government's Financial Claims Scheme2.

24/7 Fraud monitoring

Whether you're banking online or over the phone, St.George safeguards your information and money with stringent security measures.

Fraud Money Back Guarantee

When using your corresponding debit card for online purchases, you'll be reimbursed for any losses due to unauthorised transactions, provided you report it to us promptly and haven't contributed to the loss3.

Get more from your Incentive Saver account

More ways to make your banking easier.

Quick Balance

Quick balance

Know exactly how much money you have on hand, at a glance at your smartphone or watch.

Quick Balance

Fingerprint login

The same high security as the other login methods, and it's backed by the same fraud protection4.

Quick Balance

Bank conveniently & securely

Access your funds through your linked St.George transaction account 24/7 through Mobile and Internet Banking.

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.

1. Includes bonus interest earned when you make at least one deposit and no withdrawals in the calendar month.

2. Payments under the FCS are subject to a limit for each depositor. For more information see the APRA website.

3. St.George Fraud Money Back Guarantee ensures that customers will be reimbursed for any unauthorised transactions provided that the customer has not contributed to the loss and contacted St.George promptly. Refer to the terms and conditions for full details, including when a customer will be liable.

4. Refer to the terms and conditions for full details, including when a customer will be liable.