Savings account
Incentive Saver — St George Bank
Current savings rate from St George Bank. Compare the ongoing rate, bonus conditions, and eligibility in one place.
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
Interest credited to the account doesn't count toward the monthly growth requirement — you need to actively add new money. A month where the only change to your balance is the interest payment will not qualify for the bonus rate.
Rate History
The Incentive Saver rate has not changed since we started tracking on 23 May 2026. Current rate: 5.15% p.a.
| From | To | Ongoing rate p.a. |
|---|---|---|
| 23 May 2026 | — | 5.15% Current |
What to know
This page focuses on the ongoing rate: 5.15% p.a. That is the rate after any honeymoon period ends.
To earn the full rate, you need to meet these conditions: 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
If you miss the conditions in a given month, you earn only the base rate: 0.10% p.a.
Most common catch: Interest credited to the account doesn't count toward the monthly growth requirement — you need to actively add new money. A month where the only change to your balance is the interest payment will not qualify for the bonus rate.
Eligibility: minimum age 14.
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The information on this page is general in nature and does not constitute financial advice. Rates are subject to change — verify directly with the provider before making a financial decision.