St.George Term Deposit

Last updated: Apr 27, 2020

Earn a competitive interest rate on balances between $1,000 and $2,000,000 with flexible maturity options.

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.

Up to 0.95% p.a.

Interest rate

24 months interest rate

$1,000

Minimum opening deposit

Account keeping fee

$2,000,000

Maximum deposit

Details

Product Name	St.George Term Deposit
3 month interest rate	0.55%
4 month interest rate	0.60%
6 month interest rate	0.70%
7 month interest rate	0.75%
9 month interest rate	0.70%
12 month interest rate	0.85%
24 month interest rate	0.95%
36 month interest rate	0.95%
48 month interest rate	0.95%
60 month interest rate	0.95%
Minimum Opening Deposit	$1,000
Minimum Age Requirement	18

The rates displayed above are interest rates paid at maturity only. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.

Minimum Age Requirement	18
Joint account availability	Yes
Min Deposit	$1,000
Available to children	Not available for children

Pros

$0 Account keeping fees
Suitable for DIY and SMSF
Flexible terms from 1 month to 5 years
Low minimum investment amount of $1,000

Cons

31 days advance notice required in case of withdrawing funds before maturity

Shirley Liu

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.

Key features

SPECIAL OFFER: 0.80% for 6 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 0.80% for 6 months on deposit from $1,000 to $2,000,000 with interest paid on maturity. This offer is available for a limited time and other terms and conditions apply.

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.

Launch term deposit calculator

How to apply

Applying for a St.George term deposit is not difficult, and you can apply online, over the phone, or by visiting any St.George branch.

Eligibility

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

Documentation needed

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.

FAQ

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4 Comments

Les
June 26, 2019

I have $8000,000 to invest for 12 months. What is the best rate you can offer?

Reply
- Bella
  June 28, 2019
  
  Hi Les,
  
  Thanks for your inquiry.
  
  The 12 months interest rate of St. George term deposit account is 2.30%.
  
  I hope this helps.
  
  Kind regards,
  Bella
  
  Reply
kit
September 18, 2017

Is this 2.55% current at 190917

Reply
- finder Customer Care
  
  Dee
  September 18, 2017
  
  Hi Kit,
  
  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.
  
  Cheers,
  Anndy
  
  Reply

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