Money Compare

This is a simple, high interest savings account with very few terms and conditions to worry about and great remote access.

Is This the Account For Me?

This account is perfect for anyone looking for a savings account without the headaches or complicated requirements that some of the high interest accounts on the market come with. It would be a very good account for anyone starting up a savings project for the first time, as it does not involve any complicated financial knowledge and is very easy and convenient to use. Other savers would still find the account very easy to use and enjoy the good interest rate.

Customers used to managing their accounts online will find this a walk in the park to use; others who normally do their banking in person at their local branch will find this account a simple and user-friendly introduction to the world of online banking.

The Advantages of This Account

The St George Direct Saver, as mentioned above, provides a good interest rate (5.75% p.a. (Up to)) to help make your savings work harder for you in the bank. Additionally, there are no hidden costs that will come back and bite you after you have decided to open the account. There is no minimum balance or deposit, and no monthly account service fee, so you know that your hard-earned savings will not be eaten into by these costs.

Transfers from your linked current account over the phone or via internet banking are free and unlimited, avoiding further fees that sometimes come with savings accounts. If the savings account is linked to a St George everyday account, transfers are also instant, meaning that you do not need to transfer money and wait for it to clear before you can spend it.

Eligibility

To be eligible for a St George Direct Saver Account, you must be an Australian resident. You must also only use the account as a personal savings account; the product is not available for businesses, trusts or other organisations.

How Do I Open a St George Direct Saver Account?

To open a St George Direct Saver Account, you can either contact St George by phone and discuss your options with an advisor, or apply online. Online applications are secure, simple and very quick, saving you time and effort in the application process.

Summary

The St George Direct Saver account is a simple, no-strings product that provides savers with a great interest rate, but none of the hassle of a more rigorous savings plan. Customers will be pleased with the lack of hidden fees too.