St. George DIY Super Direct Saver Account

Recent changes to self managed super funds in Australia mean it is easier and more profitable for more Australians to take charge of their retirement. St George offers a Direct Saver account which can be specifically set up as a self managed super fund, and can even be used alongside your ordinary Direct Saver account.

A DIY Super Direct Saver account has all of the same features, benefits and interest rates as the standard Direct Saver account. A St George self managed super fund may be suitable for:

* People who have retired and are no longer receiving employer contributions and so are looking to close their employer super fund. Transferring your super to a DIY Super Direct Saver account means your funds can continue to earn interest, and you also gain full control of your funds to use them or save them as you choose.
* Those who are self employed and want to easily contribute their own super contributions to a fund with no fees and an attractive interest rate to save for their retirement.
* Australians looking to top up their super can open a DIY Super Direct Saver account with St George and watch their supplementary funds grow in line with their managed super funds.

To open a DIY Super Direct Saver account with St George you will need to work with your accountant:

* Your account can set up an ABN for your super fund and allocate trustees to the account.
* You can be a trustee of your own super account, however all conditions and beneficiaries need to be organised and authorised by your accountant.
* With your accountant you can decide how your super fund behaves, who has access and when and the frequency of transfers to add to your savings.

St George Bank are a little bank with big backing, having recently merged with Westpac and Bank SA and if you are looking for a friendly, safe – and profitable – place for your savings or your super, why not spend under ten minutes to secure your financial future.