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St.George Maxi Saver savings account

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Reward yourself with an introductory bonus rate of 0.8% for the first 3 months of account opening.

Receive a competitive interest rate of 0.8% 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.

0.8% p.a.

Maximum variable rate

0.05% p.a.

Base interest rate

0.75% p.a.

Bonus interest rate

for 3 months

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Details

Product NameSt.George Maxi Saver
Maximum Variable Rate0.8% p.a.
Standard Variable Rate0.05%
Bonus Variable Rate0.75%
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age18

Expert review

Shirley Liu

Review by


Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.

Expert review

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.

Key features

Introductory bonus interest rate of 0.8% for the first 3 months

For customers who have never used the Maxi Saver account before, an additional 0.75% p.a. interest rate is added to the standard rate, applicable to the entire balance. This means your savings will receive an extra 0.8% 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 0.05% p.a.

Standard interest rate of 0.05% p.a. on your first Maxi Saver

The base interest rate for the Maxi Saver account is a variable 0.05% p.a.

Launch savings calculator


How to apply

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

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.

FAQ

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16 Comments

  1. Default Gravatar
    Craig
    November 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?
    Thanks.

    • Avatarfinder Customer Care
      Joshua
      November 21, 2018

      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!

      Cheers,
      Joshua

  2. Default Gravatar
    Marie
    March 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
      Dee
      March 28, 2018

      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.

      Cheers,
      Anndy

  3. Default Gravatar
    Margaret
    September 27, 2017

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

    • Default Gravatar
      Gru
      September 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.

      Cheers,
      Gru

  4. Default Gravatar
    Leonie
    January 19, 2017

    Is it quicker if I apply in a branch.

    • Avatarfinder Customer Care
      Dee
      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.

      Cheers,
      Anndy

  5. 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.

    • Avatarfinder Customer Care
      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.

      Cheers,
      May

  6. Default Gravatar
    Celine
    September 8, 2016

    What is interest rate after first 3 months?

    • Avatarfinder Customer Care
      Dee
      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.

      Cheers,
      Anndy

  7. Default Gravatar
    Sylvester
    November 6, 2015

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

    • Avatarfinder Customer Care
      Shirley
      November 6, 2015

      Hi Sylvester,

      Thanks for your question.

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

      Cheers,
      Shirley

  8. Default Gravatar
    Ron
    October 19, 2015

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

    • Avatarfinder Customer Care
      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.

      Cheers,
      Shirley

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