St.George Maxi Saver

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.

View SMSF products from St.George.

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.

Please view our comparison table of savings accounts.

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.

Here are the current interest rates for all the states in Australia.

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.