InfoChoice’s Review of St George Bank

St George Bank is a NSW based, wholly owned subsidiary of Westpac (since 2008) and offers a similar range of loans, cards and accounts as other state-based Westpac subsidiaries, BankSA and Bank of Melbourne.

St George Bank started as St George Co-operative Building Society in Hurstville NSW in 1937.

St George became a bank in 1992 and took over Advance Bank in 1997 which already owned BankSA. St George customers can transact and do business at Bank of Melbourne, BankSA and Westpac branches.

Is St George a good bank?

ST George Bank now operates under the banking license of Westpac Group. St George products largely mirror those of BankSA and Bank of Melbourne.

St George has historically prided itself on customer service. Although now a part of Westpac, St George has been known for being a well recommended bank by customers.

St George Bank is bound by Australian responsible lending laws and is required to provide assistance to customers who fall into hardship. St George Bank, with Westpac, is a member of the Financial Complaints Authority.

Over the years, the St.George Foundation has given $15 million to Australian children’s charities.

You can see all of St George Bank’s loan, account and term deposit rates at InfoChoice.

St George Bank home loan rates

St George’s Basic Home Loan for Owner Occupiers (LVR under 60%) has a current variable rate of 2.94 per cent pa (comparison rate 2.96 per cent pa). This is a basic loan with no linked offset account but it does come with a redraw facility and no application fee.

St George’s Fixed Rate Home Loan for Owner Occupiers P&I with Advantage Package (LVR 60% – 80%) is currently charging rates from 2.89 per cent pa (comparison rates from 3.64 per cent pa) on fixed terms between 1 and 5 years.

Compare St George Bank with other home loans at InfoChoice

St George Bank’s personal loan rates

St George Bank has unsecured personal loan rates now set at 11.99 per cent pa (comparison rate 14.06 per cent pa) on amounts between $3,000 and $30,000. This loan has a monthly fee of $12 and an early termination fee of $100.

Compare St George Bank rates with other personal loans.

St George Bank credit card rates

St George’s Amplify Signature Qantas Visa credit card has a reduced annual fee of $139 in the first year (down from $279). This card has a purchase interest rate of 19.49 per cent pa with a cash advance rate of 21.24 per cent pa. St George is currently promoting an 80,000 bonus point offer when you spend $6,000 on the card in the first 90 days after approval.

The St George Rainbow Vertigo Platinum Visa credit card has a purchase interest rate of just 12.99 per cent pa and a cash advance rate of 21.49 per cent pa. This card is currently promoting a special rate of 0% p.a. on purchases for 15 months (when you apply for a new Vertigo Platinum credit card before 12th February 2020).

Compare St George Bank credit cards with other credit cards.

St George savings rates

The St George Bank Incentive Saver Account is currently paying a maximum bonus rate of 1.35 per cent pa (on balances under $100,000) every month you make at least one deposit and no withdrawals.

St George’s Maxi Saver account is currently paying 1.80 per cent pa (base rate 0.10 per cent pa) for the first three months after account opening.

St George term deposits are paying up to 1.30 per cent pa now on 3 month terms.

Compare St George Bank savings rates with other savings accounts and other term deposits in Australia.


The products compared in this article are chosen from a range of offers available to us and are not representative of all the products available in the market and influenced by a range of factors including interest rates, product costs and commercial and sponsorship arrangements

InfoChoice compares financial products from 145 banks, credit unions and other financial institutions in Australia. InfoChoice does not compare every product in the market. Some institutions may have a commercial partnership with InfoChoice. Rates are provided by partners and taken from financial institutions websites. We believe all information to be accurate on the date published. InfoChoice strives to update and keep information as accurate as possible.

The information contained on this web site is general in nature and does not take into account your personal situation. Do not interpret the listing order as an endorsement or recommendation from us. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser. If you or someone you know is in financial stress, contact the National Debt Helpline on 1800 007 007.