This is a simple savings account with a high interest rate and no hidden fees or extra complications. Setting one up is easy, and you can access your cash anytime and anywhere with a range of options.

Is This the Account For Me?

This account would be great for anyone looking to save simply, cheaply and efficiently. Saving for a holiday, a car or even a deposit on buying a home, customers will value the simplicity of this account, whatever their income and means. This is not a suitable account for longer term projects such as retirement or a lump sum for children when they come of age, but for every day saving, it’s an excellent product.

The Advantages of This Account

As with most savings account, the main benefit is the high interest rate, which will help you to make money on the money you save. As mentioned before, access to this account is very convenient. You can access your money via St.George branches, ATMS, EFTPOS, internet and phone banking, BPAY and Bank@Post, so wherever you are, you will be able to transfer money.

As well as this, there is no set-up or monthly fee, and you can open an account with as little as $1, so however small you start, this is a great account to use for your savings project. To keep track of your money, customers receive quarterly statements, as well as being able to see mini transaction histories using any St.George ATM, or see a transaction history online.

For those customers who are always on the move, you can receive regular SMS and email alerts for withdrawals, deposits and balances. Online and telephone banking is secure too, so you can relax. Withdrawals from ATMS, EFTPOS and branches come with a fee, but internet and phone transactions are free and unlimited.

Eligibility

You must be over the age of 18 to apply for a St.George Power Saver Account online, and you must be an Australia resident to open any accounts with St George.

How Do I Open a St George Power Saver Account?

To open an account, you can call St.George. Lines are open from 8am-9pm every day. Alternatively, you can apply in branch, or, for ease, you can complete a short, simple online application to get the ball rolling.

Summary

The St.George Power Saver Account offers a good interest rate, excellent access to your cash, and provides a number of ways to keep on top and informed when it comes to your saving process, particularly if you are constantly on the move.