St George Bank Direct Saver online savings account

Moneybuddy says

An online savings account from St.George with no fees to help maximise your savings, no minimum balance, easy access to your money 24/7, instant funds transfer to eligible St.George accounts, phone service and internet banking access. Interest is calculated daily. One way to DIY super. Interest rate of 6.15% p.a.

The Basics

Interest paid Monthly

Interest calculated Daily

Headline interest rate 6.15%

Monthly fee $0

Account type Savings

The cool stuff: features

ATM access No

EFTPOS access No

Branch access No

Internet Banking Yes

Age restrictions Yes

Cheque book facility Yes

Debit card No

BPAY No

GiroPost No

Phone access Yes

The Facts & Figures

Balance less than $1k -

Balance less than $5k -

Balance less than $25k -

Balance greater than $100k -

Min. balance $0

Min. opening deposit $0

Number of free elect transactions per month -

The ugly stuff: fees

Other bank ATM fee -

EFTPOS transaction fee $0

Branch assistance fee -

* Important note: All information provided by advertiser or taken from advertiser website and correct at time of publishing. If this information is incorrect, please contact us.

St George Bank says

Earn a great variable rate with our Direct Saver account.

Open a Direct Saver online saving account today and enjoy a fixed bonus rate of 1.55%p.a. above the standard Direct Saver variable rate (4.60%p.a.), for 4 months when you open a Direct Saver account before 30 June 2010.A great variable rate of 6.15% p.a.*, Get easy access to your money 24 hours a day, 7 days a week#, Money Magazines's 'Best of the Best 2009' DIY Super Savings Account - making it perfect to manage your own super, No minimum balance.Hurry! This offer is available until 30 June 2010

Key features

A great variable rate of 6.15% p.a.*
Enjoy a fixed bonus rate of 1.55% p.a. above the standard Direct Saver variable rate (4.60% p.a.) for 4 months when you open a Direct Saver account before 30 June 2010.
Eligible for Government Deposit Guarantee**
Interest calculated daily on your total balance and paid monthly
Pay no fees so each dollar you save is yours
Make saving simple with an automatic savings plan – arrange for regular deposits to be transferred from your nominated account

Pros

No fees
No minimum balance
Interest earned immediately
Access 24/7 online or by phone
Open up to 15 Direct Saver accounts linked to the same Nominated Account (to easily keep track of each of your savings goals)

Cons

Funds can only be withdrawn to one Nominated Account
No ATM
cheque or Branch access

Terms & conditions

Variable promotional rate is current as at 10 May 2010. If you open a new Direct Saver account between 1 Mar 2010 and 30 Jun 2010, and you have not held a Direct Saver account before 1 Mar 2010, you'll receive a fixed bonus rate of 1.55%p.a. on top of standard variable Direct Saver rate for the first 4 months after your account is opened (Promotional Rate Period). The standard variable Direct Saver rates may be changed at any time, including during the Promotional Rate Period, but the fixed bonus rate will not change during the Promotional Rate Period. After the end of the Promotional Rate Period, the standard variable Direct Saver interest rate (currently 4.60%p.a.) will apply. Electronic access is subject to systems availability. Fees and charges apply. This information does not take into account your circumstances. Before acquiring a deposit account, you should consider the Terms and Conditions available at any branch or stgeorge.com.au and consider if the product is right for you. Deposit products issued by St.George Bank – A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714.