Important disclosure
Pros and cons
For Online Term 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 Online Term Deposit
Features
Min deposit $5,000 | Automatic maturity rollover |
Maturity alert by phone | Maturity alert by email |
Joint application available | Minimum Age Requirement 16 |
Notice period to withdraw 31 | Is covered by government guarantee |
Target Market Determination Visit MyState Bank Limited to view Target Market Determination. |
Interest
Interest Calculation Frequency Daily | |
Interest payment via other institution | Interest payment method Direct Credit |
Fees
Account keeping fee $0 | Early withdrawal fee |
Rates
MyState Bank Limited term deposits rates
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