St.George Savings Account Direct 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.

Savings Account	Account Details	Intro Rate p.a.	Variable Rate p.a.	Intro Period p.a.	Fees	Min Balance and Min Deposit
St.George Direct Saver	5.75% p.a. 4 months if you open account before before 30 June 2010	5.75%	4.20%	1.55%	FREE	$0

The St George Direct Saver is an online high interest savings account which offers you a standard interest rate of 4.20% 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 1.55% interest, on top of the standard interest rate, meaning your savings can earn 5.75% interest for the first four months, if you open an account before 30 June 2010.

Choose a St George Direct Saver Account

The St George Direct 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 5.75% interest rate calculated daily and paid monthly for the first four months your account is open, if you sign up before 30 June 2010.
• A competitive standard interest rate of 4.20% 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 Direct Saver accounts for each of your savings goals.
• Anyone over 13 can open and save with a St George Direct Saver account and even those under 13 years old can open an account with their parents 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 Direct Saver immediately, where transfers made from another financial institution before 3.30 pm on a business day, will arrive in your Direct Saver on the next business day.
• An Australian-based call centre with friendly and helpful banking staff.

Click to Open an account online now and start earning interest with the NAB iSaver Savings Account

Activating and Using Your Direct 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 Direct 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 Direct Saver account.

When you open your Direct 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 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, spend under ten minutes to secure your financial future.

Click to Open an account online now and start earning interest with the St George Savings Account Direct Save