St.George Term Deposit
- Interest rate 12 months interest rate
- Up to 4.3% p.a.
- Minimum opening deposit
- Account keeping fee
- Maximum deposit
A St.George term deposit doesn't charge setup or monthly fees. It has flexible interest payment options and it's suitable for DIY or SMSF accounts. You also have a range of investment options, from 1 month to 5 years. You can choose how often your deposit earns interest – monthly, half yearly, annually, or at maturity. You get various options when your term deposit matures. You can access and manage these funds via mobile and online banking.
$0 Account keeping fees
Suitable for DIY and SMSF
Flexible terms from 1 month to 5 years
Low minimum investment amount of $1,000
31 days advance notice required in case of withdrawing funds before maturity
|Product Name||St.George Term Deposit|
|3 month interest rate||3.55%|
|4 month interest rate||3.60%|
|6 month interest rate||3.80%|
|7 month interest rate||3.85%|
|9 month interest rate||4.05%|
|12 month interest rate||4.30%|
|24 month interest rate||4.05%|
|36 month interest rate||4.05%|
|48 month interest rate||4.05%|
|60 month interest rate||4.05%|
|Minimum Opening Deposit||$1,000|
|Minimum age requirement||18|
|Minimum Age Requirement||18|
|Joint account availability||Yes|
|Available to children||Not available for children|
SPECIAL OFFER: 5.10% for 12 to 23 months
If you are a new customer and open a new term deposit account or if you are an existing customer and renew your term deposit account, you will enjoy 5% for 12 to 23 months on deposit from $1,000 to $5,000,000 with interest paid on maturity or monthly. This offer is available for a limited time and other terms and conditions apply.
Plus, you can get an additional bonus rate of 0.10% p.a. if you open or renew your term deposit online - bringing your fixed interest rate to 5.10% p.a.
Small investment amount of $1,000 to get started
Invest as little as $1,000 to get a St.George term deposit. The maximum you can invest in this term deposit is a substantial sum that stands at $2,000,000.
Choose your term as per your liking
Invest your funds from as little as 1 month, to a long term investment of 5 years.
A range of re-investment options
St.George gets in touch with you upon the maturity of your term deposit and you get 7 grace days to decide what to do next. If you don't take any action, the term deposit renews automatically for the same term, at the then prevalent rate.
You can change the amount, term, and interest payable option, and then renew your term deposit. Alternatively, you can choose to close your term deposit and withdraw all funds.
Withdrawing funds before maturity
While you can access funds in your term deposit before maturity, St.George requires at least 31 days advance notice, except in cases of hardship. Fees may also apply.
Interest payment options
Depending on the term of your deposit, you can choose to earn interest at maturity, monthly, bi-annually or annually. You can reinvest this interest in a new term deposit, or St.George can transfer it to a bank account or pay it to you via cash or cheque.
$0 Account keeping or setup fees
You don't have to pay any setup or account keeping fees to open and maintain a St.George term deposit.
Check your funds anytime
You can access and manage your funds 24/7 online via St.George online and mobile banking
How do I renew St.George my term deposit?
You can start by logging onto St.George Internet banking and then select 'Renew Now' from the 'My Accounts' page. You can then choose the renewal option and confirm your details.
Easy application process
You can apply for a St.George term deposit online, in a matter of minutes, and you can also apply over the phone. This is a considerable step-up when compared to banks that still require you to apply for their term deposits in person. You can compare other St.George bank accounts on this page.
How to applyApplying for a St.George term deposit is not difficult, and you can apply online, over the phone, or by visiting any St.George branch.
If you wish to apply online, click on the 'Go to Site' button, but make sure you meet the required eligibility criteria as listed below.
- You're over 18 years of age
- You're a permanent Australian resident
- You're investing at least $1,000
In order to successfully complete the application you have to provide certain details, which include the following.
- Details of an Australian bank account where you want the interest to go (unless you want it added to the principal)
- New St.George customers have to provide personal details like complete name, date of birth, phone number, residential address, and email address
- Tax file number (if you don't wish to pay withholding tax)
What happens after I submit my application?
New customers have to complete an ID check. Once you submit all required information, St.George verifies the details you provide, after which it sends you a confirmation email. After the funds in question reach St.George, your term deposit comes into effect, and you can expect to receive all relevant documentation via mail soon after.
You are about to post a question on finder.com.au:
- Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
- finder.com.au is a financial comparison and information service, not a bank or product provider
- We cannot provide you with personal advice or recommendations
- Your answer might already be waiting – check previous questions below to see if yours has already been asked
August 09, 2023
250000 fixed one year, interest rate?
Alison Banney Finder
August 23, 2023
Hi, St.George currently offers 5.00% p.a. for 12 month terms when you open online. This is available for deposits up to $5 million.
June 26, 2019
I have $8000,000 to invest for 12 months. What is the best rate you can offer?
June 27, 2019
Thanks for your inquiry.
The 12 months interest rate of St. George term deposit account is 2.30%.
I hope this helps.
September 17, 2017
Is this 2.55% current at 190917
Anndy Lou Finder
September 18, 2017
Thanks for your question.
The rates on our page are updated daily.
The 2.55% rate is good for a 12 month term deposit account.