Open an Incentive Saver Account Online, Get 5.10% p.a. Interest for First 3 Months @ St George

60

Go to Deal

Ljiayijames on 01/07/2023 - 16:02 stgeorge.com.au (197 clicks)
Last edited 03/07/2023 - 16:06 by 1 other user

Limited-time online offer:

The 5.00% rate is a combination of a variable base rate of 1.85% p.a., and a variable bonus* rate of 3.15% p.a.

Earn the variable bonus rate as long as you grow your account balance by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21) and your account balance does not fall below $0.

5.10% p.a. offer: Make it 5.10% p.a. by adding an extra 0.10% p.a. to your variable bonus rate for the first 3 months when you open online.

Online bonus offer available from 20/06/2023 for a limited time only. New Incentive Saver customers only, excluding joint accounts. Offer may be varied or withdrawn at any time.

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St.George Bank

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  payless69 on 01/07/2023 - 17:50

  meh?
  Slow app, takes 3 days to update.

  • 

    TheFlyingCoder on 02/07/2023 - 08:16

    +1

    Yeh I noticed this yesterday, I opened to drop money temporarily while waiting for the MeBank first month trigger.

    Osko payments come in, you see the deposit but the account stays at $0, takes ages to update 😅

    • 

      payless69 on 02/07/2023 - 20:19

      To me speed may kill on roads
      but when it comes to have the smoothest flow knowing money in and out, Ubank wins hands down!
      Worth the time to me!

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  dudleydoright on 01/07/2023 - 18:17

  +1

  An extra… $63 bucks on $250,000 over 3 months. Better than a kick in the teeth if you were going to open an account with them anyway, I guess.

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  izkai67 on 01/07/2023 - 19:57

  do they seriously think they can compete with others with 5.10% for 3 months?

  • 

    furyou on 01/07/2023 - 23:11

    +1

    what's the current best place to put short/med term deposits?

    • 

      cakesyy on 02/07/2023 - 08:55

      ING, AMP, Macquarie, Ubank, Virgin money.

    • 

      Igaf on 02/07/2023 - 19:22

      @furyou https://docs.google.com/spreadsheets/d/145iM6uuFS9m-Rul65--e…

  • 

    TheFlyingCoder on 02/07/2023 - 08:22

    Yes, with $250k cap, no transactions, it's a great temporary middleman… But 5% is also good for non tech-savvy people who just want a set and forget over $100K

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  mehow on 02/07/2023 - 06:49

  Remember you can't make any withdrawals. If you do make sure you pull the full amount 1st on the next month

  • 

    TheFlyingCoder on 02/07/2023 - 08:20

    This is exactly what I'm doing, just a temporary drop for a month to keep interest.

    I think It's a good way to reset any accounts that have inflated over the cap (like ING $100K) right?

    You move it all over for a month to get 5% on the full amount then move 99K back to ING the following month

  • 

    ruprectaus on 02/07/2023 - 21:02

    One sort of solution is you can open 2 of them, at the end if the month, withdraw what you need and transfer it all to the other. Repeat at the end of the month and transfer it back

    • 

      Ave Maria on 08/07/2023 - 15:47

      Moving all money to the "other" Incentive account on the 1st of each Month works just fine. If you need your money, take it all out anytime you need it & just leave $50 behind without loosing any interest.

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  Ave Maria on 08/07/2023 - 15:44

  Has anyone figured out when the 3 months end? Is it like 90 days from opening day or 3 full months to end of the final month ?

  e.g. if account was opened 15 May, does the 3 months offer for the .1% bonus end mid August or August 31st?

  Just curious as you have no way of knowing until after you receive the interest payment (say 1st September).

  It only really matters if a better offer comes up & moving money out is a consideration/option.

  Banks keep coming up with new offers but are very cryptic short on detail (probably have not even figured it out themselves yet & rely on what their IT guy implements - most of the time IT guy get's it wrong & savers get bonus featuress -:)

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  capslock janitor on 13/08/2023 - 12:23

  im waiting for signup bonus deal ..