St.George Bank Incentive Saver

The Incentive Saver rewards you with more when you stick to your savings goals

The St.George Bank Incentive Saver rewards you with bonus interest when you make regular deposits. To earn the maximum variable rate of 0.25% p.a. customers aged 21 and over need to grow their balance by at least $50 a month. Customers aged under 21 only need to grow their balance by $0.01 a month to be eligible for the bonus interest.

0.25% p.a.

Maximum variable rate


Base interest rate


Minimum deposit

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Product NameSt.George Incentive Saver
Maximum Variable Rate0.25% p.a.
Standard Variable Rate0.15% p.a.
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age21

Key features

Base rate

The base rate of interest is the minimum amount of interest you earn if you fail to meet the bonus interest conditions. The base rate of interest is 0.15% p.a.

Bonus rate

The bonus rate of interest for balances up to $99,999 is 0.1% p.a.. You're rewarded with the bonus rate each month you grow your balance by $50 If you're under 21, you only need to grow your balance by $0.01. This gives you the potential to earn up to 0.25% p.a. on your balance up to $99,999. Balances over this amount earn a higher rate of interest.

How to apply

You can visit St.George website to open a St.George Incentive Saver in under 10 minutes. Before you proceed to the application, check your eligibility for the Incentive Saver.


  • Eligibility. To apply for this account you must be over the age of 14 and you must be a permanent Australian resident. This account is open to personal individual applications and personal joint applications, applications in the name of a fund or business are not permitted.

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    Default Gravatar
    November 17, 2021

    Does the incentive saver account include a debit card?

      Avatarfinder Customer Care
      November 23, 2021

      Hi Neil,

      No, the St. George Bank Incentive Saver doesn’t come with a debit card. If you need to make a withdrawal, you can transfer funds from the account through online banking or the mobile banking app.

      I hope this helps!


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