St.George Maxi Saver

St.George Maxi Saver

Maximum Variable Rate


Standard Variable Rate


Reward yourself with an introductory bonus rate of 1.80% for the first 3 months of account opening.

  • Introductory rate of 1.80% p.a. for 3 months
  • $0 Account keeping fee
  • Get access to your funds at a branch, online or via mobile 24/7
  • Bonus interest applies to the entire balance

Product details

Receive a competitive interest rate of 1.80% for the first 3 months on your first St.George Maxi Saver account. There are $0 account keeping fees and you can open one in just 3 minutes.


When applying for the Maxi Saver you'll automatically receive a linked St. George transaction account, no need to complete two applications! This transaction account comes packed with handy features including Cardless Cash and access to the mobile banking app.

Product Name
St.George Maxi Saver
Maximum Variable Rate
1.80% p.a.
Standard Variable Rate
0.10% p.a.
Bonus Variable Rate
1.70% p.a.
Introductory / Bonus Offer Conditions
Introductory rate is valid for the first 3 months from the date your account is opened and only for new customers.
Monthly Fee
Minimum Opening Deposit
Introductory Interest Period
3 month(s)
Internet Banking
Internet Transaction Fee
Phone Banking
Phone Transaction Fee
Joint application?
Minimum Age Requirement
Maximum Age Requirement
No Maximum Age
Age Conditions
If you are less than 18 years old, please get in touch directly with St.George.
Covered by Government Guarantee?
Yes (Up to $250,000 per person, per institution)

What are the features of the St.George Maxi Saver?

When looking into savings accounts that will help you meet your goals, consider the following features and benefits that the St.George Maxi Saver has to offer.

Introductory bonus interest rate of 1.80% for the first 3 months

For customers who have never used the Maxi Saver account before, an additional 1.70% p.a. interest rate is added to the standard rate, applicable to the entire balance. This means your savings will receive an extra 1.80% p.a. interest rate for the first 3 months after your account has been opened. Once the 3 month period is over, the interest reverts back to 0.10% p.a.

Standard interest rate of 0.10% p.a. on your first Maxi Saver

The base interest rate for the Maxi Saver account is a variable 0.10% p.a.

How is my interest calculated?

The interest rate is calculated daily and paid monthly. The bonus interest rate only applies to the first St.George Maxi Saver you open. It is a variable interest rate, so will most likely move alongside the RBA cash rate.

Automatically linked to a St.George Everyday bank account

When opening a Maxi Saver account with St.George, a St.George transaction account will automatically be opened for you. This allows you to transfer your money in and out of your savings account when you need to. Don't worry, this is done in the one application!

$0 Monthly service fee

You will not be charged a monthly account service fee with the Maxi Saver. However, look out for monthly fees applied to the linked St.George bank account.

Other fees that may be charged

Online and phone transactions are free of charge, but you are going to incur a $2.50 fee if you need teller assistance when completing a transaction.

How do I access my account?

You will have to have your savings account linked with an everyday account from St.George. This allows you to move money into the transaction account and withdraw it from an ATM whenever you need to take money from your savings.

24/7 Online banking available

You can access your bank account on-the-go with Internet, mobile and phone banking. You'll be able to check your balance quickly with "Quick Balance" on the St.George app, as well as take advantage of fingerprint login.

This account is only available for personal use

The Maxi Saver is only intended for personal use. If you are representing a business or trust, you could consider the St.George Business Access Saver account.

Launch savings calculator


  • Introductory rate of 1.80% p.a. for first 3 months
  • $0 Account keeping fees
  • Unlimited electronic transactions
  • Bonus interest applies to the entire balance


  • Interest rate drops significantly to 0.10% p.a. after the introductory period
  • Required to link to a St.George Everyday bank account

How do I apply for the St.George Maxi Saver?

If after you have completed your savings account comparisons, you find that this one gives you the benefits and features to meet your goals, you can click ‘Go to site’ to be directed to the secure application form.

Eligibility to apply online

Before filling out the online application, make sure that you are able to meet the following eligibility requirements:

  • Your age. Applications will only be accepted from individuals who are at least 18 years of age.
  • Your residency. You have to be an Australian resident with a verifiable Australian residential address for St.George to open an account in your name.
  • Starting deposit. In order to open the Maxi Saver account, you will need to make an initial deposit of at least $0.

Documentation to apply online

Once you determine that you can meet these requirements, you are going to need about five minutes and the following documentation in order to completely fill out the online application:

  • Identification documents. You will have to provide information from either your driver’s licence or passport in order for St.George to verify your identity electronically.
  • Transaction account details. You will need to provide the account number for the St.George everyday account that you will be using to transfer funds in and out of your savings account with.
  • Personal information. St.George will need to know your full name, date of birth and residential address.

What happens after I submit the application?

If your St.George everyday account is already in place and you have the information needed readily available, completing the application should take approximately five minutes.

After it has been submitted it should take no more than two business days for the account to be opened. You will be notified by email with the account details so that you may take full advantage of the bonus interest by starting to make deposits immediately.

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16 Responses

  1. Default Gravatar
    CraigNovember 8, 2018

    I am an existing home loan customer of St George.
    My daughter is transfering to me $1800 a fortnight from her pay as a forced savings measure (otherwise she just spends it).
    I imagine this will keep building for a year or several years.
    I need to separate these funds from my own.
    What would be the best St George accumulation account for this?

    • Avatarfinder Customer Care
      JoshuaNovember 21, 2018Staff

      Hi Craig,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      As a comparison website, we are not permitted to provide a specific recommendation. However, the best St George savings account for you would be depending on your needs, preference, and budget. Aside from St. George Maxi Saver, you can explore other St.George savings account on this page. On this page, you will see a table that allows you to conveniently compare your options.

      If you are also open to other brands, there are other high-interest rate savings accounts on this page with interest rates as high as 3.10%.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


  2. Default Gravatar
    MarieMarch 28, 2018

    Am I considered a “new customer” if I open up a St George Maxi Saver even if I have previously been a customer before with one of your subsidiary banks like Bank of Melbourne ?

    • Avatarfinder Customer Care
      DeeMarch 28, 2018Staff

      Hi Marie,

      Thanks for your question.

      You are still considered a new customer even if you previously held an account with one of St. George’s subsidiary banks. A new customer is someone who is opening a St.George Maxi Saver account for the first time.


  3. Default Gravatar
    MargaretSeptember 27, 2017

    Are there penalties for withdrawals? i.e reduced interest etc.

    • Default Gravatar
      GruSeptember 28, 2017

      Hello Margaret,

      Thank you for your query.

      The St. George Maxi Saver Account is a savings account that offers the bonus rate for 3 months as an introductory promotion, regardless of any withdrawals you make during this time.

      Hope this helped.


  4. Default Gravatar
    LeonieJanuary 19, 2017

    Is it quicker if I apply in a branch.

    • Avatarfinder Customer Care
      DeeJanuary 19, 2017Staff

      Hi Leonie,

      Thanks for your question.

      I would say it is generally faster if you open an account online as it would just take about 5-10 minutes to complete the application process. I’m not sure how long it will take if you open at a branch, as that depends on how fast these people can accommodate you.


  5. Default Gravatar
    MareeNovember 28, 2016

    I am already a St. George Customer. I have a pension cheque account and a maxi saver account.

    I want to open another account separately.
    Can I open another maxi saver account.

    • Avatarfinder Customer Care
      MayNovember 28, 2016Staff

      Hi Maree,

      Thanks for your question.

      Yes, you can open for another St. George Maxi Saver Savings Account. You are actually allowed to have multiple Maxi Saver accounts, however, you are only eligible for the introductory bonus interest on the first Maxi Saver account you open.


  6. Default Gravatar
    CelineSeptember 8, 2016

    What is interest rate after first 3 months?

    • Avatarfinder Customer Care
      DeeSeptember 8, 2016Staff

      Hi Celine,

      Thanks for your question.

      After 3 months, the interest rate for St. George Maxi Saver Savings Account reverts back to 1.05% p.a.


  7. Default Gravatar
    SylvesterNovember 6, 2015

    Is there a maximum amount for which the maximum variable rate will apply?

    • Avatarfinder Customer Care
      ShirleyNovember 6, 2015Staff

      Hi Sylvester,

      Thanks for your question.

      There’s no maximum amount of which the maximum rate will apply.


  8. Default Gravatar
    RonOctober 19, 2015

    I previously held a maxi saver account can I open a new one

    • Avatarfinder Customer Care
      ShirleyOctober 20, 2015Staff

      Hi Ron,

      Thanks for your question.

      You can open another Maxi Saver but the introductory bonus rate only applies to the first Maxi Saver you open.


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