St George Term Deposit Review and Application

Handling your savings like a financial mogul needn’t bring with it all of the pressure and stress of the trading floor. A St George Term Deposit can be opened online in less than ten minutes and be activated with a simple BPAY payment from any existing account. St George is also offering special promotional interest rates on their term deposits of up to 6.80%, and when a bank is giving away bonus interest to their savings customers, you wouldn’t be much of a mogul-in-training if you didn’t take advantage of the opportunity would you?

Term Deposit	1 mth	3 mth	4 mth	6 mth	12 mth	24 mth	36 mth	48 mth	60 mth	Min and Max Deposit
St.George Term Deposit	-	-	5.10%	-	5.80% for 7mths	6.00%	6.50%	6.50%	7.25%	$5,000 – $5m

The promotional rates above are those which St George will offer you for investments of $5,000 or more with interest paid at maturity:

St George Term Deposit Interest Rates

You can open a St George Term Deposit with as little as $1,000 for a term anywhere between one month and five years.

The amount you choose to deposit and the term you choose, dictate the interest rate you are paid, so too does the frequency you choose for your payments. For example, investing $7,000 for 12 months paid monthly or six monthly will get you one rate, but slightly higher rate can be earnt if you choose to be paid at maturity.

Interest on your St George Term Deposit is also calculated daily to further grow your returns and you can be sure that the interest rate you lock in at the beginning of your term will be maintained, no matter what else happens in the financial market.

Click to Open an account online now and start earning interest with the St George Term Deposit Account

Apply for a St George Term Deposit

An online application for a St George Term Deposit will take you less than ten minutes to complete. However, if you’d prefer to discuss your options with St George first, or you just prefer to deal with a person, you can also apply over the phone or at a St George branch. The application process:

* You must be 18 years or older to open a term deposit account, but younger investors can still take advantage of the benefits of a term deposit by completing an application over the phone, with the authorisation of their parent or guardian.
* St George Term Deposits can be used for personal savings only.
* If you are already a St George customer you can enter your customer account number and have your personal details entered automatically in the online application form.
* If you’re not a St George customer already, you may be required to present your identification at a St George branch or Post Office.
* You can save your online application at any time and come back to it when you have more time, or when you have decided on the investment and term which is right for you.
* You have the ability to choose your own unique password which allows you to track the progress of your application.
* You can have your interest paid into any existing account, by entering the account and BSB numbers.

During the online application process you are able to choose the exact amount of your investment, the term you would like to invest for, and how often you would like your interest to be paid. In the online form you can see real time calculations of the interest rate, and the affect that altering the investment amount, the term and the payment options has on your interest rate. As your online application form will only time out if inactive, you can manipulate the variables for your term deposit until you come to an investment amount, term and payment schedule which all work together to suit your needs.

Once you have submitted your term deposit application to St George:

* You will be sent an email with your application number, and instructions to confirm your account and application.
* You will be emailed again when St George opens your account, and you’ll be given the BPAY and biller code details to allow you to deposit your investment.
* Your investment must be sent to your term deposit account within three business days of your account being opened.
* Once your investment has been received your term will commence and you’ll start earning interest, which will be paid directly to your nominated account.

If a St George Term Deposit sounds like an easy and painless way for you to encourage your savings to work that little bit harder for you, then you’d be right. Opening a term deposit account is simple and once approved you don’t have to worry about rising or falling interest rates, fees eating away at your savings, or being tempted to withdraw your investment. To take advantage of St George’s highly competitive term deposit interest rates,  you can find out more and apply today.

Click to Open an account online now and start earning interest with the St George Term Deposit Account