St.George products - FAQs

Before you choose a savings account, think about what your savings goals are and whether you want to lock your money away, or keep it accessible at all times. The amount you have to invest and the way you prefer to access your money will affect the savings account you choose.

Use our savings account selector or savings account comparison table to help you choose the product that suits your banking or savings needs. You can also talk to us at any St.George branch or call 13 33 30.

You can transfer funds through Internet Banking for all accounts. For all other accounts, except Direct Saver, you can also transfer funds at the branch and through Phone Banking.

The Complete Freedom Student Account offers unlimited everyday banking transactions with no monthly account service fee and is ideal for eligible full-time students and apprentices.

If you are 18 years of age and older and an Australian resident you can also enjoy the flexibility of a Visa^® Debit Card. This is a card that allows you to shop securely at home, online or overseas accessing money from your linked transaction account. 

Accounts where Internet and Phone Banking are free are designed for people who do most of their transactions over the phone, accessing an ATM or online. Depending on the account, you are able to make branch-assisted withdrawals; however, there may be a charge for this service. Our comparison table will provide you with more details.

A Visa^® Debit Card lets you to use your own money to make purchases online, overseas and over the phone or wherever Visa is accepted. You must be 18 years or older and an Australian resident.

A Fixed Term Deposit offers you the security of earning a fixed rate of interest on your savings over a fixed term and allows you to plan your finances with certainty. A Flexi Term Deposit provides the added benefit of allowing you to access up to 10% of your principal, to a maximum of $25,000 with no interest reduction.

A Flexi Term Deposit can be opened in person at the branch, or over the phone. You can also apply for a Flexi Term Deposit via Internet Banking or Mobile Banking if you are registered for these services. Not available for joint accounts.

A Term Deposit account can be opened online, in person or over the phone on 13 33 30:

• Open a Term Deposit account online now
• Open a Term Deposit account anywhere, anytime via your smart phone
       - Log on to m.stgeorge.com.au on your smart phone and choose "Open an account"
• Call us on 13 33 30 and say "New Account" when prompted
• Visit any St.George Branch

Yes, simply:

    • Click Apply Now on the Term Deposit page

    • Log on to Internet Banking and go to ‘New Account Opening’.

    • Log on to m.stgeorge.com.au on your smart phone and choose “Open an account”

You can open a Flexi Term Deposit at a branch or over the phone on 13 33 30. You can also apply for a Flexi Term Deposit via Internet Banking or Mobile Banking if you are registered for these services. Not available for joint accounts.

Yes, once your Term Deposit or Flexi Term Deposit account is open you may use BPAY to fund the Opening Deposit. The BPAY Biller code is 117614 and the Customer Reference Number is your St.George 10 digit Account Number. You must fund your Fixed Term Account within 3 business days of opening.

Flexi Term Deposit

If you hold a Flexi Term Deposit, you may withdraw up to 10%, capped at $25,000, of your principal without an interest reduction. There is a minimum withdrawal of $2000. To find out how much you have remaining in your Flexi Funds Balance, visit us at a branch, or call us on 13 33 30. You may withdraw over your Flexi Funds Balance, however if you do so the interest you earn may be reduced.

Term Deposit

If you need to break the term of your Term Deposit, you can call us on 13 33 30 or visit a St.George Branch. The interest you earn will be adjusted on the amount withdrawn as a result.

Term Deposit:

You need a minimum investment of $1,000 with a minimum term of 1 month to open a Term Deposit. A maximum of $5,000,000 can be invested. The maximum term is 5 years (or 60 months)

Flexi Term Deposit:

The minimum investment for a Flexi Term Deposit is $50,000, and the maximum investment is $5,000,000. Flexi Term Deposits can be invested for terms from 1 month up to 12 months.

We recommend you visit a branch or give us a call on 13 33 30 to discuss your options.

Interest is calculated daily. You can choose how often you wish the interest to be paid to you. Depending on the term, the interest rate will vary depending on the length of the investment. If you hold a Flexi Term Deposit interest is only payable at maturity.

Check out the current interest rates for the Term Deposits, including any current special rates.

Your Term Deposit has a grace period of 14 days. During this period you can make changes to your Term Deposit such as the amount, term and the interest payment frequency. You can also withdraw your funds and close your account during this period. If you don’t need to make any changes to your Term Deposit, we will automatically reinvest your Term Deposit for the same term at the current applicable rate for that term.

You can make changes to your Term Deposit within the 14 day Grace Period via Internet Banking, in branch or by calling us on 13 33 30.

The Happy Dragon Account is no longer available to new customers. Instead we now offer, Incentive Saver Account as an ideal savings account for children and a Complete Freedom Student Account for their transactional needs. 

Children under 13 who open an Incentive Saver Account or Complete Freedom Student Account will enjoy our regular Happy Dragon Club newsletter posted to them with their statement, and we have a range of activities for kids (and parents, too) at our Happy Dragon Club.

Children who opened a Happy Dragon Account before 20 May 2007 are eligible to keep that account until their 13th birthday, at which time it will be automatically upgraded to a Complete Freedom Student Account.

You can see the Terms and Conditions and Fees and Charges for all accounts no longer offered for sale.

Each bank sets BPAY limits, so if you don’t bank with us you’ll need to check with your financial institution. If you do bank with St.George, you can find out about St.George BPAY limits.

You can make as many withdrawals as you like, up to your maximum Flexi Funds Balance, as long as you meet the minimum withdrawal requirements. The minimum withdrawal amount is $2,000.

The minimum Flexi Funds withdrawal amount is $2,000. The maximum is 10% of your principal, up to $25,000. If you withdraw more than your available Flexi Funds Balance you may incur an interest reduction on these funds. To find out your available Flexi Funds Balance, call us on 13 33 30 or visit your nearest branch.

You can withdraw up to 10% of your principal investment, capped at $25,000, with no interest reduction. If you exceed 10% of your principal (or $25,000) your interest may be reduced on the additional amount you withdraw.

You can switch your existing Term Deposit into a Flexi Term Deposit if:

• Your balance is over $50,000
• The term you select is 12 months or less with interest at maturity.

You are unable to withdraw an amount that would result in your account balance being reduced to less than $45,000. If you wish to make such a withdrawal, you will need to close your account and open a more suitable product.

If your balance is between $45,000 and $50,000 at the time of reinvestment, you may continue using your existing account, however to be eligible for the Flexi Funds portion for your reinvested term, you must have a minimum balance of $50,000 or more at the end of the 14 day grace period.

The interest you earn may be affected based on the balance you hold. Check our current rates.

You can make a withdrawal via any of our branches or by calling us on 13 33 30. For easy access to your funds when needed, you can arrange to transfer your Flexi Funds Balance to your St.George everyday bank account.

Your Flexi Term Deposit will be in a Grace Period of 14 days. During this time you can make changes to your Flexi Term Deposit such as the amount, term and the interest payment frequency. You can also withdraw your funds and close your account during this period. If you don’t need to make any changes to your Flexi Term Deposit, we will automatically reinvest your Flexi Term Deposit for the same term at the current applicable rate for deposits of that amount and term.