Incentive Saver
An account that rewards you with bonus interest for regular saving to help you save faster.
- Base rate
- 0.1%
- Bonus rate
- 5.05%
- conditions apply
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Penalty The Unarranged Lending Rate (ULR) is a debit interest rate charged to a transaction account if it becomes overdrawn without arrangement. It will be calculated daily on the debit balance (and deducted on the last business day of each month) using the then current ULR until the account balance is positive again. | 15.01% | — | — |
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Bonus To earn Bonus interest rates, grow your account by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21) and keep your balance above $0. Add money to your account (interest payments don?t count). Grow your balance before the last business day of the month | 5.05% | $0–$19,999.99 | monthly |
| Variable Standard variable rate | 0.1% | $0–$19,999.99 | monthly |
| Bonus To earn Bonus interest rates, grow your account by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21) and keep your balance above $0. Add money to your account (interest payments don?t count). Grow your balance before the last business day of the month | 5.05% | $20,000–$99,999.99 | monthly |
| Variable Standard variable rate | 0.1% | $20,000–$99,999.99 | monthly |
| Bonus To earn Bonus interest rates, grow your account by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21) and keep your balance above $0. Add money to your account (interest payments don?t count). Grow your balance before the last business day of the month |
Fees
| Fee | Type | Amount |
|---|---|---|
| Account Keeping Fee Charged monthly | Ongoing | $0.00 |
| Internet Banking | Transaction | $0.00 |
| Phone Banking | Transaction | $0.00 |
| Visa Debit Transactions | Transaction | $0.00 |
| EFTPOS | Transaction | $0.00 |
| Collection Item | Event | $0.00 |
| Overdrawn Fee | Event | $15.00 |
| Overseas Withdrawal | Withdrawal | $5.00 |
| Direct Debit | Withdrawal | $0.00 |
Features
- Cashback offer — 50.00
- $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.
- The BeMoved Promotion Terms and Conditions. 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.
- 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.
Eligibility
- Minimum age — 14 years
- Residency status — Those with an Australian residential address and who are currently in Australia.
More Information
Published by St.George Bank under the Consumer Data Right · Last updated 8 July 2026 · Product ID STGSavIncentiveSaver · View on CDR.gov.au