Australians keen to save, but still want control

Wednesday, 22 February 2012

St.George Bank launches Maxi Saver – an easy-access, high-interest savings account

Australian savers want the best of both worlds. While the majority are seeking to maximise their savings, they are still keen to retain the ability to instantly access their money.

With this in mind, St.George Bank has launched its new Maxi Saver account – an innovative account designed to help customers maximise their savings, while still providing easy access to their funds.

According to St.George Bank Chief Executive, Rob Chapman, Australians have started to save more during the global economic downturn, but turbulent economic conditions have prompted customers to want greater control over their savings and easier access to it.

“The key to the Maxi Saver account is not only offering customers a high interest rate, but also providing easy access to their money.

“Customers can access this high-interest account in-branch which offers personal service, or through online banking or on their mobile phone. Combining both high interest and easy access helps our customers feel secure and also offers flexibility.

“Many competing savings accounts require customers to deposit their money and then not access it for a period of time. Our new high-interest Maxi Saver account gives customers easy access to their money whenever they like, through a number of convenient channels.

“While some high-interest accounts only operate online, our Maxi Saver account also gives customers the option to manage their account via a branch,” he said.

The Maxi Saver account has no monthly account service fees and allows St.George customers to set up immediate and regular transfers between their accounts.

“Customers can enjoy the benefits of earning high interest on their savings, while at the same time feel secure that their money is available to them whenever they like. We want to offer our customers the best of both worlds,” said Mr Chapman.

Maxi Saver at a glance:

• For a limited time, new Maxi Saver customers can earn up to 5.50% p.a., including a bonus 1.20% p.a. which is fixed for the first 4 months.
• Access and manage your funds via Internet and Phone Banking through your eligible St.George working account 24/7.
• No monthly account service fees.
• No minimum monthly balance or minimum deposit required.

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