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- Term Deposits
- MyState Bank
- Income Deposit
Income Deposit
- 12 months
- Automatic maturity rollover
- Joint application available
- Interest payment to other institution
Interest rate
4.80%
Maximum rate
4.80%
for 12 months
Income Deposit
- 12 months
- Automatic maturity rollover
- Joint application available
- Interest payment to other institution
Interest rate
4.80%
Maximum rate
4.80%
for 12 months
Pros and Cons
For Income Deposit
Benefits
- No account keeping fees
- Interest can be paid to other institution
- Automatic maturity rollover
- Early withdrawal available
Drawbacks
- 31 days notice to withdraw funds before maturity and interest rate adjustment will apply to interest earned on funds
MyState Bank Rate Term Deposit overview
For Income Deposit
Features
Min deposit
$5,000
Automatic maturity rollover
Maturity alert by phone
Maturity alert by email
Joint application available
Minimum Age Requirement
13
Notice period to withdraw
31
Is covered by government guarantee
Target Market Determination
Visit MyState Bank Limited to view Target Market Determination.
Features
Interest
Interest Calculation Frequency
Daily
Interest Payment Frequency Options
Monthly
Interest payment via other institution
Interest payment method
Direct Credit
Interest
Fees
Account keeping fee
$0
Early withdrawal fee
-
Fees
Rates
TermRates on deposit of ($5,000 - $99,999,999)
1 year4.80%
2 years3.95%
3 years3.90%
Rates