St.George Bank, a division of Westpac Banking Corporation · Bank
St.George's best ongoing savings rate is 5.40% p.a. on Incentive Saver, in months when you meet its bonus conditions. Its best term deposit pays 4.75% p.a. for 12 months on $1,000 or more.
Verified 2 Nov 2026
Incentive Saver, in months you meet the bonus conditions
Maxi Saver, then 1.25% p.a.
Interest paid at maturity
For new term deposits
Financial Claims Scheme, shared with Westpac
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Type any amount and pick an account. Estimates are before tax and assume the rate stays the same.
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Account
Fixed for the term. From $1,000.
Interest over 12 months
$1,188
4.75% p.a., interest paid at maturity.
That is $212 less than the best 12-month term deposit in Australia would pay on the same amount.
Every rate is variable. Bonus rates show as the total you earn, with the base and bonus parts underneath.
Bonus savings account
Any age
5.40%p.a.
0.01% base + 5.39% bonus
To earn the bonus each month
Savings account, no monthly conditions
Any age
5.60%p.a.
Intro rate for 3 months, then 1.25% p.a.
A savings account that offers a great interest rate with access to funds through a linked account via Internet and Phone Banking.
For retirees and pensioners
55 or older
1.95%p.a.
No monthly conditions
Retirement Access Plus is a transaction account for eligible retirees aged 55 or over to deposit and withdraw funds by various channels including Visa Debit Card and also offers interest on account balances.
| Term | $1,000 and over |
|---|---|
| 1 month | 1.40% |
| 2 months | 1.65% |
| 3 months | 3.25% |
| 4 months | 3.40% |
| 5 monthsStand-out term | 3.45% |
| 6 months | 3.40% |
| 7 months | 3.55% |
| 8 months | 3.60% |
| 9 months | 3.65% |
| 10 months | 3.70% |
| 11 months | 3.75% |
| 12 monthsBest rate | 4.75% |
| 24 to 34 months | 4.50% |
| 36 to 46 months | 4.00% |
| 48 to 58 months | 4.00% |
| 5 years | 4.00% |
Interest paid at maturity. New term deposits start at $1,000.
Every bank we track in Australia, ranked by its best ongoing savings rate, with its 12-month term deposit. Verified 2 Nov 2026.
| # | Bank | Top savings rate | 12-month term deposit |
|---|---|---|---|
| 1 |  ING | 5.75% p.a.Savings Maximiser, monthly conditions | 5.30% p.a.Personal Term Deposits |
| 2 | St.George | 5.40% p.a.Incentive Saver, monthly conditions | 4.75% p.a.Term Deposit |
| 3 |  Bank Australia | 5.35% p.a.Bonus Saver, monthly conditions | 5.60% p.a.Term Deposit |
| 4 |  Teachers Mutual Bank | 5.35% p.a.Momentum Saver, monthly conditions | 5.35% p.a.Term Deposit |
| 5 |  ANZ | 5.35% p.a.ANZ Plus Growth Saver, monthly conditions | 5.30% p.a.ANZ Advance Notice Term Deposit |
| 6 |  Bankwest | 5.35% p.a.Hero Saver, monthly conditions | 5.30% p.a.Bankwest Term Deposit |
| 7 |  Virgin Money | 5.30% p.a.Virgin Money Boost Saver, monthly conditions | Not published |
| 8 |  Macquarie | 5.25% p.a.Macquarie Savings Account | 5.40% p.a.Macquarie Term Deposit |
| 9 |  CommBank | 5.25% p.a.GoalSaver, monthly conditions | 5.30% p.a.Standard Term Deposit |
| 10 |  NAB | 5.25% p.a.NAB Reward Saver, monthly conditions | 5.30% p.a.NAB Term Deposit |
| 11 |  Westpac | 5.25% p.a.Westpac Life, monthly conditions | 5.30% p.a.Term Deposit |
| 12 |  BOQ | 5.00% p.a.Simple Saver Account | 5.40% p.a.myBOQ Term Deposit |
| 13 |  Bendigo Bank | 5.00% p.a.Bendigo Reward Saver, monthly conditions | 4.90% p.a.Standard Term Deposit |
| 14 |  Beyond Bank | 4.90% p.a.Purple Bonus Saver, monthly conditions | 4.90% p.a.Term Deposit |
The Australian Government's Financial Claims Scheme covers deposits at St.George up to $250,000 per account holder. Westpac is part of the same bank, so money at both counts toward that one limit.
St.George savers will soon be able to report whether their bonus rate paid out each month, and ask other savers questions.
INGSavings 5.75% p.a.12-month 5.30% p.a.BankwestSavings 5.35% p.a.12-month 5.30% p.a.Teachers Mutual BankSavings 5.35% p.a.12-month 5.35% p.a.ANZSavings 5.35% p.a.12-month 5.30% p.a.Bank AustraliaSavings 5.35% p.a.12-month 5.60% p.a.Virgin MoneySavings 5.30% p.a.12-month Not published
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