St.George Maxi Saver

St.George Maxi Saver

Maximum Variable Rate


Standard Variable Rate


Reward yourself with an introductory bonus rate of 2.75% for the first 3 months of account opening.

  • Introductory rate of 2.75% 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 2.75% 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.

The interest rate reverts to 1.00% p.a. after 3 months, so you may want to reconsider your investment needs.

Product Name
St.George Maxi Saver
Maximum Variable Rate
2.75% p.a.
Standard Variable Rate
1.00% p.a.
Bonus Variable Rate
1.75% 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 2.75% for the first 3 months

For customers who have never used the Maxi Saver account before, an additional 1.75% p.a. interest rate is added to the standard rate, applicable to the entire balance. This means your savings will receive an extra 2.75% 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 1.00% p.a.

Standard interest rate of 1.00% p.a. on your first Maxi Saver

The base interest rate for the Maxi Saver account is a variable 1.00% 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.

Required to link to a St.George Everyday bank account

In order to open a Maxi Saver account with St.George, you will have to have an existing St.George transaction account. This allows you to transfer your money in and out of your savings account when you need to.

$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 2.75% 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 1.00% 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 $1.

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.

Is there a max limit I can put into maxi save account? Is interest calculated daily? monthly? When is it paid? Can I withdraw at all during the period without penalty? Do I need to deposit regular amounts to get the full interest?

Could you please specify which Maxi Saver you’re referring to? St.George, BankSA and BoM all offer this account.

I am trying to open a Maxi Saver Account online but the site does not allow to input my birth date?

Please speak to a member of the customer service team at the bank you’re trying to open the account with, they will able to fix this internally for you.

Can I print my six month old bank statement at home or I have to go into the bank for that?

If you have access to online banking, this is facility is usually available after you’ve logged in. You can also ask your bank to send you a statement through phone banking, though this may incur a fee.

If I open a maxi saver account do I have to open any other accounts as well.Can I open a maxi saver account online,transfer money to it and receive the maximum interest immediately?

You’ll need to link the Maxi Saver to an eligible St.George Transaction account. If you don’t currently hold one, you’ll need to open one. The introductory bonus interest starts when you open your new account.

If I start with a deposit of $20k, what will be the interest rate for the new customer and how long will it be for. also, what are the conditions, e.g. deposits or withdrawals? I only want it as a saving, interest earning account. I do not intend to withdraw.

New customers can enjoy the  bonus rate for 3 months (see above for rate). You can deposit and withdraw out of this account as you lease without reducing the interest you’ll earn, but keep in mind that any deposits or withdrawals need to come from the St.George Transaction account that you link to this account.

If I opened an account will I get the variable and bonus rate of from the moment a/c opened till end of 3 month period. Do I have access to my money and what monthly fees?

The introductory bonus rate applies from the date your account is opened until 3 months have elapsed. You can access your money in this account through the St.George transaction account you link to your savings account. There are no monthly fees for this account.

Just checking – with the Maxi Saver is there no penalty (bonus interest lost)if an amount has to be withdrawn?

This savings account offers the bonus rate for 3 months as an introductory promotion, regardless of any withdrawals you make during this time.

If I deposit 75000 into maxi saver how long will the maximum per cent interest apply?

This rate is offered for 3 months from the date your account is opened.

Maxi saver…what day of month is interest paid?

Interest is paid on am monthly basis, generally from the date you opened your account.  In the terms and conditions it states that, 'Interest is credited to your Account on the Business Day after the end of the period.'

What ATMs can i access without being charged a fee?

This account is a savings account, meaning it doesn’t allow ATM access directly. Whether or not you’ll be charged ATM fees for withdrawals with this account will depend on the everyday account you link to this account.

Am I able to have payments taken out of the Maxi Saver account on a regular basis eg. Health or Car insurance?

Unfortunately this account cannot be used to set up direct debit payments, this must be carried out through your everyday account.

Is the St George Maxi Saver account introductory offer for the first 5 months available to St George customers who currently do not have a maxi saver account or does it exclude all existing St George customers regardless of the accounts they currently have?

You must only have not had a Maxi Saver account before, here’s the St George terms and conditions: “If you open a Maxi Saver account and you have not held an Maxi Saver Account before and you are a personal customer, you’ll earn an Introductory Promotional Fixed Bonus Rate of n.a p.a. on top of the standard variable interest rates (standard rate and bonus rate when the bonus rate criteria is met) during the Promotional Rate Period.”

I'm interested in opening a St. George Maxi Saver Account. Could you please send me a copy of the terms and conditions. Also I read this statement. “Introductory rate is valid for first 5 months and only for new customers”. Could you please tell me what the introductory rate is? Also, is there a 12/24 month etc contract I have to agree to when opening a St. George Maxi Saver Account?

The introductory rate is a higher interest rate given by St George for eligible customers. The rate is the ‘Maximum Variable Rate’ pictured in the table above. After the five months the rate reverts to the standard variable rate. There’s no contract entered into with this account, you can move your funds out of it whenever you like.

I am a St.George customer, I have a home loan with you but I don’t have a savings account with St George. do I qualify as a NEW customer and will get the bonus interest rate?

New customers refer to customers that have never held a Maxi Saver before – you can still be an existing St.George customer but you can never have opened a Maxi Saver in the past to be eligible for the bonus interest.

Does the introductory bonus variable interest rate for St George’s Maxi Saver account apply to all deposits during the 5 month introductory period or does it only apply to the initial deposited funds?

The introductory bonus interest applies to all amounts during the introductory period – not just the initial funds you deposited first.

Can I get a better interest rate on 350,000.00?

At the moment the St.George Maxi Saver offers the same interest rate for all balances, it’s not tiered.

I am currently with another bank I have over $10000 in savings I would like to get the best possible interest available. Do I get the maximum rate and If I do not withdraw any money only add I get bonus rate for 5 months?

You’ll get the bonus interest rate for the first 5 months regardless of whether you make any withdrawals. You just need to have never held a St.George Maxi Saver before. After the 5 months, the interest rate will then revert to the standard variable rate.

This is correct, if you’ve opened a Maxi Saver before you’re not eligible for the bonus interest.

My husband & I have a term deposit with St George Bank that has just expired. Can we move funds from this account and open a new Maxi Saver Account to get the better interest rate?

According to St. George you’ll qualify for this bonus “If you open a Maxi Saver account and you ave not held a Maxi Saver account before and you’re a personal customer”. I think this therefore means as long as you haven’t had a Maxi Saver before, regardless of if you’ve held other St George accounts, you’ll be eligible.

Can you get the maxi rate for 12 months?

The maxi rate is only available for the first 5 months of account opening only, given that you’ve never held a MaxiSaver before.

If I open the online saver account today do I need to have any other St George accounts? Are there any other online saver accounts with a higher interest rate if the balance is higher than $250,000?

To hold a Maxi Saver account you must also hold an eligible St.George working account in the same name.

Which transaction account is fee free to be used in conjunction with the maxi saver account.? Is there a maximum amount that can be invested into the maxi saver account? Can the maxi saver account be linked to another banks transaction account instead of St George’s?

You need to have an eligible working St.George to link with the Maxi Saver. There is no maximum amount that can be invested into the maxi saver account.

Have you got any account that I can open for my grandchild? I have just become a first time grandmother and would like to start a savings account for my grandson. Do I put it in his name and I be the Trustee of the account?

To open a St.George Maxi Saver for your grandchild, you can put in his name for the account and then allocate yourself as the trustee. You can do this by clicking ‘open’ which will safely redirect you to St.George’s homepage.

New customer means first time opening a maxi account or first time as a St George bank customer ?

‘New customer’ refers to having never held a Maxi Saver Account in the past.

What is the best saving rate for a superfund account?

Is there a limit as to how much money you can have on the Maxi Saver account to get the introductory interest rate?

At the time of writing, there is no maximum amount to be eligible for the introductory interest rate. The only condition is that you’ve never held a St.George Maxi Saver account before. The minimum balance you need to open this account of $1.

Can I get a bank cheque in the bank directly from the maxi saver account?

There aren’t any cheque facilities that come with this account. You can pay funds into this account with a cheque at a cost of $2.50. Or, as this account must be linked to a St. George transaction account, you can deposit to your linked transaction account via cheque fee free at a branch, and then transfer the funds to your Maxi Saver online. Online transactions between St. George accounts should clear instantly.

Do you need an everyday St George access account to gain access to cash or can you transfer money to another bank everyday account via the internet? What are the fees to do this? Is there a limit to the amount in the internet account if you need to withdraw a considerable sum from the internet account, ie to purchase a car can this be done over the counter at a branch In the form of a bank cheque? Do you have branches in Queensland also?

Yes you require a St. George transaction account to be eligible for the Maxi Saver. No, there are no fees for withdrawing or depositing online. Your funds are at call, meaning you should be able to clear the total balance of your Maxi saver into your St. George transaction account. There are no limits that I could find to the total balance you can hold in these accounts. The fees for your St, George transaction account will depend on which one you choose. Here are the fees and charges for St. George transaction accounts. Yes there are branches in Queensland. You can find your nearest branch using the store locator.

Just had a quick look at the online application and it mentions having to present a student card or an apprentice’s confirmation letter withing 3 mths of opening the account. Is it a requirement to be a student or an apprentice to open one of these accounts?

This is a regular online savings account. You don’t have to be a student to apply.

Our Maxi Saver accounts have expired re bonus interest. Could you please advice us of the best rates you can offer for the immediate future.

If I open the MaxiSaver account can I transfer money to and from it to other banks / credit union accounts without fees and is this done on the net using a WAC PIN?

This account needs to be linked to a St George transaction account.

Do I have the ability to schedule payments from this account using Bpay? Will the account accept scheduled or one of transfers from say non bank financial institutions?

Most savings accounts don’t allow for Bpay. This particular account has to be linked to a St George transaction account.

Is this maximum rate available in QLD?

After my house sale I may have approx $400,000 that I want to deposit for a period of approx 6 months until I buy another home. Is there a maximum amount that can be deposited into the St George Maxi Saver account?

St.George accepts balances over $5,000,000 – so the amount that you intend to deposit is fine.

Why don’t you have branch access to your account with this bank account?

There is in-branch access but other fees and charges apply.

Can you have a fixed amount transferred automatically each month out of the Direct Saver into another account at a different bank ?

Usually the bank needs to belong to a financial institution based in Australia, and only some credit unions are accepted.

Can you set up an automatic transfer so that a fixed amount goes to another account (say a cheque account at a different bank) on the first day of each month ?

You can set up automatic transfers through the St.George online facilities to other accounts based in Australia.

If I’m an american citizen can I open an account with your bank.? And if so, how can I?

You need to be a permanent Australian resident to be eligible for this account.

Does this account go via the Visa system? Is it an online account that has to be link to another account?

To hold a Maxi Saver account you must also hold an eligible St.George working account in the same name.

Can u pls advise if I were to make cash deposits at a St George Branch, would there be charges for this service?

There is no fee for this service.

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10 Responses to St.George Maxi Saver Savings Account

  1. Default Gravatar
    Leonie | January 19, 2017

    Is it quicker if I apply in a branch.

    • Staff
      Anndy | January 19, 2017

      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.


  2. Default Gravatar
    Maree | November 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.

    • Staff
      May | November 28, 2016

      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.


  3. Default Gravatar
    Celine | September 8, 2016

    What is interest rate after first 3 months?

    • Staff
      Anndy | September 8, 2016

      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.


  4. Default Gravatar
    Sylvester | November 6, 2015

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

    • Staff
      Shirley | November 6, 2015

      Hi Sylvester,

      Thanks for your question.

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


  5. Default Gravatar
    Ron | October 19, 2015

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

    • Staff
      Shirley | October 20, 2015

      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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