Chenny wrote:

From 17th July – 30 September 2005, St. George Bank is offering 5.60% pa for its DirectSaver account (DragonDirect). Highest interest for an at-call account atm (INGDirect gives 5.40% pa). But it’s only for new customers.

DragonDirect works just like INGDirect, only accessible through phone banking/Internet banking connected to your everyday account.

Chenny forgot to add the footnote saying “btw, I do work for STG”, but thanks for the Insider information! The website still quotes to 5.50% for $250,000 above (5.25% otherwise), but I guess we need to wait until 17th to confirm that.

Edit: Here is the official promotional page with all the details.