St.George Term Deposit

While Australia is now recovering from the financial uncertainty which gripped the world after the Global Financial Crisis, it makes sense to remain cautious with your finances and if you are looking for a guaranteed investment option then a St.George term deposit account may be just what you are looking for. While there may not seem to be any such thing as a ‚Äòguaranteed investment option’ in the world of finance, a term deposit account not only guarantees you the rate of interest your finds will earn for the entire term, a St.George term deposit account is also backed by the Australian Government’s Deposit Guarantee.

Why Choose a St.George Term Deposit Account?

St.George Bank is part of one of the most powerful of the big four banks since becoming part of the Westpac Group in 2009. Plus St.George is an Authorised Deposit-taking Institution which means your deposits up to the value of $1 million are guaranteed to be covered by the government until 2011. The other features of a St.George term deposit account you need to know about include:

• The choice of terms from one month to five years. There is no point in investing your funds to get a great interest rate if you need access to them early. Instead you can choose an investment term which guarantees you access to your funds when you think you’ll need them, and takes advantage of one of St.George’s interest rate specials.
• You can open a St.George term deposit with a minimum of $1,000. This means you can invest the funds you have available to get a taste of term deposit investing, or you can reinvest and reinvest that same amount at the end of each term until your balance grows and you qualify for the next tier of the St.George term deposit rates.
• You can use your interest as an income or a boost to your investment. You can choose to have your term deposit interest paid monthly, six monthly or yearly on investments longer than 12 months or you can keep your interest to be paid in full at maturity. Differing interest rates apply for more regular interest payments.
• There are no fees on your term deposit account. So you will not lose any of your hard earned investment or cleverly invested interest back to the bank.
• Once your term deposit account is opened your interest rate is guaranteed. This means that you know from the beginning of your term deposit investment with St.George exactly how much your investment will grow by and you don’t have to worry about share markets or property prices because your investment is fixed and guaranteed.
• You can apply over the phone or in a branch. Whether you want to make a quick phone call at lunch time or drop into a branch whenever it suits you, you can open a St.George term deposit account quickly and easily with the help of a banking representative.

Term Deposit	1 Month	3 Month	4 Month	6 Month	12 Month	24 Month	36 Month	60 Month	Min Deposit
St.George Term Deposit	2.55%	3.25%	5.05%	5.05%	5.05%	5.10%	5.20%	5.50%	$5000

Compare the St.George term deposit rates in investments of $5,000 with interest paid at maturity:

• A four month investment will earn 5.05% interest.
• A one year investment will earn 5.05% interest.
• A five year investment will earn you 5.50% interest.

While the St.George term deposit rates are not as comparable for some terms as those of other providers, St.George has prescribed investment terms for which they offer a more attractive interest rate, and terms on which they will offer special interest rates from time to time. When it comes to the interest rates a bank is willing to offer you on your term deposit investment, consider what they know that you may not, for example, is St.George discouraging you from a one month investment when a three month investment is not much more of a stretch in time, but gives you much better interest earning capabilities? To compare the interest rates and terms offered by other Australian term deposit providers to see where the best deal for your best term lies, view our comparison tables here. By comparing the top term deposit accounts here today you can take control of your finances and have them working harder for you as soon as tomorrow.