St.George Maxi Saver

St.George Maxi Saver

Maximum Variable Rate


Standard Variable Rate

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Reward yourself with an introductory bonus rate of 2.60% for the first 3 months of account opening.

  • Introductory rate of 2.60% 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 2.60% 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
2.60% p.a.
Standard Variable Rate
0.80% p.a.
Bonus Variable Rate
1.80% 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 2.60% for the first 3 months

For customers who have never used the Maxi Saver account before, an additional 1.80% p.a. interest rate is added to the standard rate, applicable to the entire balance. This means your savings will receive an extra 2.60% 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 0.80% p.a.

Standard interest rate of 0.80% p.a. on your first Maxi Saver

The base interest rate for the Maxi Saver account is a variable 0.80% 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.

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  • Introductory rate of 2.60% 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 0.80% 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.

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

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.

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.

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.

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.

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.

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

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

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.'

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.

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

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.”

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.

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.

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

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

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.

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.

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

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

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.

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

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.

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.

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.

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

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

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

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

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

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

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

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

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

There is no fee for this service.

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12 Responses

  1. 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.


  2. Default Gravatar
    LeonieJanuary 19, 2017

    Is it quicker if I apply in a branch.

    • Staff
      AnndyJanuary 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.


  3. 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.

    • Staff
      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.


  4. Default Gravatar
    CelineSeptember 8, 2016

    What is interest rate after first 3 months?

    • Staff
      AnndySeptember 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.


  5. Default Gravatar
    SylvesterNovember 6, 2015

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

    • Staff
      ShirleyNovember 6, 2015Staff

      Hi Sylvester,

      Thanks for your question.

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


  6. Default Gravatar
    RonOctober 19, 2015

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

    • Staff
      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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