St.George Maxi Saver Review (2026)
St.George Maxi Saver Review (2026)Rates and conditions verified 6 October 2026
Rates can change without notice. Last verified: 6 October 2026 (AEST). Please confirm details on the bank’s official page.
Intro rate
5.35%
p.a. for first 6 months
Ongoing rate
~1.70%
p.a. after intro period
Monthly fee
$0
on the Maxi Saver
About St.George Maxi Saver
The St.George Maxi Saver is an introductory savings account offering5.35% p.a. for the first 6 months for new customers. The headline rate is made up of three components: a 3.65% p.a. fixed introductory rate, a 0.45% p.a. online bonus rate, and the 1.25% p.a. standard variable rate.
Important: After the 6-month introductory period, the3.65% fixed component expires and the rate drops sharply to approximately1.70% p.a. If you are looking for a competitive ongoing rate, you should plan to either switch accounts or move funds after the intro period ends.
St.George is a division of Westpac Banking Corporation, not an independent bank. You must hold an eligible St.George transaction account (such as Complete Freedom) to open a Maxi Saver. Deposits are covered by the government deposit guarantee up to $250,000.
Interest Rate Breakdown
| Period | Rate | Components |
|---|---|---|
| First 6 months | 5.35% p.a. | 3.65% fixed intro + 0.45% online bonus + 1.25% standard variable |
| After 6 months | ~1.70% p.a. | 0.45% online bonus + 1.25% standard variable (intro expires) |
Variable rates subject to change — check St.George's website for current rates before applying.
Pros and Cons
Pros
- ✓ 5.35% p.a. intro rate is competitive for a bank-brand product
- ✓ No conditions to meet during the intro period — just keep a positive balance
- ✓ No account-keeping fee on the Maxi Saver
- ✓ Unlimited online access to funds
- ✓ Government deposit guarantee up to $250,000
Cons
- ✗ Rate drops sharply to ~1.70% p.a. after 6 months
- ✗ Requires a St.George transaction account
- ✗ Intro rate is for new customers only — not available on rollover
- ✗ Ongoing rate well below Rabobank (4.00%), ubank (5.35%), and others
How It Compares
The Maxi Saver is best suited to short-term savings parking over 6 months. For ongoing savings, accounts like Rabobank, ubank, or Macquarie offer far better rates after the introductory period.
- Rabobank High Interest Savings Account5.90% — intro (4m), then 4.00% ongoing — better long-term rate
- ubank Save Account6.10% — intro, then 5.35% ongoing — far better after intro
- Macquarie Savings Account5.00% — 5.00% ongoing — no conditions, no intro period
- St.George Maxi SaverReviewed here5.35% — intro (6m), then ~1.70% — intro only
- ING Savings Maximiser5.50% — ongoing (with conditions) — better for long-term
Related guides
Information verified 6 October 2026. Rates variable and subject to change. Confirm current rates and conditions on St.George's website before applying. This is not financial advice.