St George Bank offers a $1000 minimum deposit across all terms. The standout rate is 5.0% p.a. for both 12-month and 2-year terms, paid at maturity. Rates gradually increase from 3.25% at 3 months to 3.75% at 11 months, then jump significantly at 12 months. Longer terms beyond 2 years decline, with 3-year at 4.6% and 4 to 5-year terms at 4.0%.
St George Bank Savings Account Rates
ChallengerSavings Accounts
ongoing rate
Rate breakdown
Base rate: 0.10%
Bonus rate: + 5.05%
How to earn it
To earn Bonus interest rates, grow your account by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21) and keep your balance above $0. Add money to your account (interest payments don?t count). Grow your balance before the last business day of the month
Rate current since 5 Jun 2026.
1.25% p.a.
ongoing rate
Rate breakdown
Base rate: 1.25%
How to earn it
No conditions
Introductory rate
4.90%
for 6 months
Then reverts to 1.25% ongoing rate.
Rate current since 3 Jun 2026.