St. George updates Incentive Saver to 4.90%
St. George has increased the rate on its Incentive Saver savings account by 25 basis points to 4.90% p.a., from a previous rate of 4.65%.
St. George
Incentive Saver
New Rate
4.90%
Illustrative Example
For illustrative purposes, a $10,000 deposit at 4.90% would earn approximately $490 per year in interest. That is $25 more per year compared to the previous rate.
Market Context
This rate of 4.90% is above the current market average of 4.63% across 67 tracked savings account products. The current market leader offers 5.40%.
Notes
Incentive Saver rises to 4.90% p.a. on balances up to $250,000 from 27 March 2026, comprising a 0.10% base rate and 4.80% bonus rate. Balances of $250,000 or more will earn 4.75% p.a. Bonus conditions require the balance to stay above $0, monthly deposits apart from interest, and monthly balance growth excluding interest.
⚠️ General information only
This comparison is for informational purposes only and does not constitute financial advice. Always verify current rates and eligibility directly with the provider before making decisions. Consider whether products are appropriate for your circumstances.