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What are the types of bank accounts?

Transaction account

A transaction account is traditionally used for day-to-day expenses and often comes with a debit card2 (age dependant) so that you can withdraw cash or pay for things instore or online.

Savings account

Savings accounts are intended for saving purposes. These accounts may offer interest on your money, allowing you to set money aside and grow your funds.

Savings & Transaction bundle

Get the bundle with a linked transaction account and savings account.

Want up to $40 cashback on your groceries?

Open a Complete Freedom account online by 30th September 2024 and spend at least $40 on your new Visa Debit Card at Woolworths or Coles and get $10 cashback once per month up to 4 times.

New transaction account customers only

T&Cs apply*

Popular bank accounts for migrants

Transaction account

Complete Freedom

  • $0 Account-keeping fee

  • Get a Visa Debit card2 (if you're between 12 and 14 you can request a Freedom Card in branch)
  • $0 international transfer fees when you send foreign currency overseas via Internet Banking
  • Manage your money on the go with the St.George Mobile Banking App
  • Open your account online – it only takes a few minutes.


 

Savings account

Incentive Saver

  • $0 Account-keeping fee

  • Earn up to 5.25% p.a. with a variable base rate of 1.85% p.a., a variable bonus* rate of 3.30% p.a., and an extra 0.10% p.a. to your variable bonus rate for the first 3 months when you open online. New customers only on balances remaining below $250,000After 3 months the total variable rate will appply. Min monthly deposits apply1
  • Open your account online – it only takes a few minutes.


 

Transaction + Saving account

Complete Freedom + Incentive Saver

  • $0 Account-keeping fee on both accounts
  • Get a Visa Debit card2 (if you're between 12 and 14 you can request a Freedom Card in branch)
  • Earn up to 5.25% p.a. with a variable base rate of 1.85% p.a., a variable bonus* rate of 3.30% p.a., and an extra 0.10% p.a. to your variable bonus rate for the first 3 months when you open online. New customers only on balances remaining below $250,000After 3 months the total variable rate will apply. Min monthly deposits apply1
  • Open your account online – it only takes a few minutes.


 

How to open an account

1.
Have your ID handy
(Types of ID you can use) 
2.
Ages 14 or over: Open your account(s) online via the Open now button.
3.
Start using your account(s).

Tips on making Australia your new home

Moving to a new country is a big step. We are here to help you settle down and start banking in Australia.

Find out more

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.

Read the Visa Debit Terms and conditions, (PDF 876KB) including for fees and charges that may apply, before making a decision and consider if it is right for you.

Read the Terms and Conditions, including for fees and charges that may apply, before making a decision and consider if it is right for you.

For more information on Internet and Mobile Banking, please read Internet and Mobile Banking T&C's.

St.George accounts interest rates.

1. Grow your account balance by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21), excluding interest paid, ensuring your account balance remains between $0 - $249,999.99.

Online bonus offer available for a limited time only. Excludes joint accounts. Offer may be varied or withdrawn at any time.

2. To be eligible for a Visa Debit Card, you must have an Australian residential address and be 14 years old or over. If you’re 12 or 13 years old and have an Australian residential address, you can request a Freedom Card in branch.

*$40 cashback offer: Fees and charges apply. To receive up to $40, you must: open a new Complete Freedom account online between 01/02/24 and 30/09/24 and have a linked St.George Visa Debit Card on the account, and have never held a transaction account with St.George before. You must spend a minimum of $40 per calendar month for the next 4 months at Coles or Woolworths supermarkets excluding subsidiary brands, such as Coles Express, Woolworths Metro, service station outlets or liquor retailers. The offer will commence the calendar month following the successful account opening of your Complete Freedom account. Payment must be contactless or online, using your debit card linked to your Complete Freedom account. The monthly minimum spend must be processed to your account within the calendar month. Refunds or cancelled purchases are ineligible spend. If a mobile wallet is used to make contactless payment, the payment option must be set to VISA. EFTPOS cash out only transactions, the purchase of gift card in a single transaction, grocery delivery services, purchases processed through PayPal, Buy Now Pay Later providers, and purchases settled via a linked credit card or Freedom card are ineligible. If eligible, you will receive $10 into your Complete Freedom account for each month that you complete the minimum $40 spend requirement and the cashback reward will be credited to your account by the end of the following month. The new Complete Freedom account must remain open during this period in order to be eligible for the offer. If the account is closed, you will forfeit the right to the cashback reward that has not been credited to the account. For joint accounts, at least one of the account holders must not have held a St.George bank transaction account before, and the spend on each joint account owners Visa Debit Card will contribute towards the monthly spend requirement, however, only one cashback reward will be issued per account. The offer is not available in conjunction with any other offer and can be withdrawn at any time.​

To be eligible for a Visa Debit Card, you must have an Australian residential address and be 14 years old or over.​