St.George Savings Account Maxi Saver Review and Application

Australia is emerging from the Global Financial Crisis and the Reserve Bank is getting serious about realigning interest rates with our pre-crisis levels. Therefore, you need a high interest savings account which is not only going to help you take advantage of future rises, but also help you to kick start your savings while the interest rate rises are still only slight.

Featured St.George Savings Account

Enjoy the benefits of a savings account with one of Australias most trusted banks. Get a great introductory rate and a high ongoing rate thereafter.

• Maximum Rate: 5.70%
• Standard Variable Rate: 4.30%
• Bonus Rate: 1.40%
• Monthly Account Fees: $0
• Minimum Balance: $0
• Minimum Deposit: $0

Read the St.George Maxi Saver terms and conditions

Savings Account	Account Details	Maximum Variable Rate p.a.	Standard Variable Rate p.a.	Bonus Interest p.a.	Fees	Min Balance/Min Deposit
St.George Maxi Saver	Get a great savings account with one of Australias largest banks.	5.70%	4.30%	1.40%	$0	$0 / $0

The St.George Maxi Saver is an online high interest savings account which offers you a standard interest rate of 5.70% which rises in line with the RBA’s decisions, meaning you’re likely to see the interest rate on your savings steadily grow in the coming months. Your St.George savings account will also give your savings an early, introductory boost by offering you 5.70% interest, on top of the standard interest rate, meaning your savings can earn 5.70% interest rate.

Choose a St.George Maxi Saver Account

The St.George Maxi Saver account gives you all the freedom and flexibility you would expect from a high interest, online savings account and the helpful and easy to use features of the account include:

• A 5.70% interest rate calculated daily and paid monthly for the first four months your account is open.
• A competitive standard interest rate of 5.70% calculated daily and paid monthly.
• No monthly fees, no deposit fees and no withdrawal fees from St.George.
• The option to open up to 15 Maxi Saver accounts for each of your savings goals.
• Anyone over 13 can open and save with a St.George Maxi Saver account and even those under 13 years old can open an account with their paren’ts or guardians as the authorised account user.
• Applications can be completed online or over the phone, email notifications are sent with your application number so you can track its progress.
• Transfers made from a linked St.George account will arrive in your Maxi Saver immediately, where transfers made from another financial institution before 3.30 pm on a business day, will arrive in your Maxi Saver on the next business day.
• An Australian-based call centre with friendly and helpful banking staff.

Read the official terms and conditions

Activating and Using Your Maxi Saver Account

In your application for a St.George savings account, you will be asked to nominate an amount for your first deposit. This deposit will be made from your nominated account to your Maxi Saver by St.George to activate your account and will be processed within two business days. After this time you are responsible for all deposits and transfers to and from your Maxi Saver account.

When you open your Maxi Saver account you can also organise for automatic transfers to be made to your high interest savings account. You may want to contribute more to your savings account while you are getting a higher introductory rate, and then revert to a more comfortable savings plan and watch your boosted savings continue to grow steadily.

DIY Super Maxi 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 Maxi Saver account which can be specifically set up as a self managed super fund, and can even be used alongside your ordinary Maxi Saver account.

A DIY Super Maxi Saver account has all of the same features, benefits and interest rates as the standard Maxi 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 Maxi 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 Maxi Saver account with St.George and watch their supplementary funds grow in line with their managed super funds.

To open a DIY Super Maxi 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, spend under ten minutes to secure your financial future.

Read the official terms and conditions