St.George Savings Account, Direct Saver
St.George Savings Account, Direct Saver
5.50%
Open a Direct Saver online saving account today and enjoy a fixed bonus rate of 1.55%p.a. above the standard Direct Saver variable rate (3.95%p.a. on 7 December 2009), for 4 months when you open a Direct Saver account before 31 January 2010. More Info »
| Interest Rate | Min Deposit | Fees |
|---|---|---|
| 5.50% | $1+ | $0 |
Average User Rating
Direct Saver from St.George Bank – Key savings account Features
- A great variable rate of 5.50%p.a.*
- Open a Direct Saver online saving account today and enjoy a fixed bonus rate of 1.55%p.a. above the standard Direct Saver variable rate (3.95%p.a. on 6 January 2010), for 4 months when you open a Direct Saver account before 28 February 2010.
- No fees to help maximise your savings
- No minimum balance
- Easy access to your money 24/7
- Instant funds transfer to eligible St.George accounts
- Use it as your DIY Super account
- Apply Online for the St.George Direct Saver Online Savings Account Now
Our Overview
The Direct Saver account from St.George bank is an online high interest savings account that can help you achieve your savings goals more easily. St.George Bank offers the Direct Saver to personal customers only, assuring you of personalised service for your banking needs. You can open as many as 15 Direct Saver high interest savings accounts – one for each of your savings goals – so you can track your progress toward each goal better. Direct Saver may be linked to your regular account with St.George Bank, or to any other Australian Bank.
About the Direct Saver Account from St.George bank
The Direct Saver account from St.George bank offers you an online high interest savings account without any bank fees, minimum balance and minimum deposit requirements. You will not incur any penalties regardless of how often you deposit or withdraw funds during the month. Interest is calculated daily on your total balance and paid monthly. If your Direct Saver is linked to a St.George Bank account, you will enjoy instant credit of funds transferred to the account. You get instant access to your funds, all hours of the day and all days of the week.
You may link your account to a regular account you keep at any Australian Bank, which becomes your Nominated Account. All funds transferred to or from your Direct Saver shall be made through the Nominated Account. If your Nominated Account is with St.George Bank, fund transfers to/from Direct Saver become available immediately. However, in fund transfers to/from other banks, the funds stay on hold for up to three days (while they are being processed) but will earn interest on the day of deposit to your Direct Saver high interest savings account.
Who may open a Direct Saver savings account?
This high interest savings account is available only to personal customers, either single or joint customers. You must be an Australian resident and have an Australian address. You are not obliged to provide your individual Tax File Number (TFN); however, if you do not do so, St.George Bank will have to deduct withholding tax on interest earnings on your Direct Saver high interest savings account.
Your Direct Saver account must be linked to a regular Australian Bank account (called the Nominated Account) through which you will transfer funds to or from your account, and which should be in the same name as the owner or owners of the Direct Saver Account. Your application to open a Direct Saver account should contain information on the BSB and Account number of the Nominated Account. You may apply online, and you should have all necessary details ready along with a printer to print the Direct SaverDirect Saver Verification Form. Application may also be done through the St.George bank phone banking facility or by downloading the application forms and mailing the completed documents to St.George Bank.
Key Features of the Direct Saver Savings Account
- High interest savings account ongoing high variable interest rate on your full balance
- Only for personal customers
- No bank fees on Direct Saver high interest savings account
- No minimum balance
- No minimum deposit
- No fixed term, allowing you to deposit and withdraw funds as often as you wish without penalties
- Instant funds transfer when linked to a St.George Bank account
- Fee-free phone and Internet banking
- Open up to 15 Direct Saver accounts
- Security for your savings at St.George Bank and Direct Saver assured by 128-bit data encryption of all information
* Terms and conditions apply and are available on request. #Access to your money is subject to systems availability and maintenance.
User Reviews (2)Add Your Review
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My wife and I have a direct saver account with St George and I am also a Gold member. The current interest rate on our life savings in directsaver yields only 3.20% variable. New customers were being offered up to 4.5% for the same account. When I contacted St George and told them I would like the same offer as a loyal customer and thatI could do better at Bankwest they could only offer me an increase of .3 of 1%. Thanks for your loyalty to me St George!
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Sorry to hear that John, but as a further comment – I am in the same boat with bankwest!
As an existing customer the online variable rate is only 3.15% while new customers are being courted with rates of up to 4.75!
Also; my bankwest low interest credit card rate is higher than that on offer for new customers; while the rate cuts have actually reduced the rate on another card that I have with a major bank to below that which I get from bankwest….so my point…I guess they’re all the same