Important disclosure

MyState Bank Limited

Online Term Deposit

Real Time Rating™

  • 1 month
  • Automatic maturity rollover
  • Joint application available
  • Interest payment to other institution
Max rate

4.75%

p.a

for 12 months

Min deposit

$5,000

RateCity says

“Watch your savings grow with this competitive term deposit from MyState with $0 establishment or account keeping fees.”

Real Time Rating™
Tags
  • 1 month
  • Automatic maturity rollover
  • Joint application available
  • Interest payment to other institution
Max rate

4.75%

p.a

for 12 months

Min deposit

$5,000

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 Frequency Options

At Maturity

Interest payment via other institution

Interest payment method

Direct Credit

Fees

Early withdrawal fee

Rates

MyState Bank Limited term deposits rates

TermRates on deposit of ($5,000 - $99,999,999)
1 month0.50%
2 months0.50%
3 months2.50%
4 months4.20%
5 months4.40%
6 months4.60%
7 months3.50%
8 months2.15%
9 months4.65%
10 months4.70%
11 months1.75%
1 year4.75%
2 years3.95%

Promoted term deposits

Promoted

Personal Term Deposit (At Maturity)

Real Time Rating™
  • 3 months
  • Automatic maturity rollover
  • Joint application available
  • Maturity alert by email

2024 Award Winner

Interest rate

4.85%

p.a

for 3 months

Min deposit

$1,000

Next rate increased

5.10%

p.a

for 6 months

Max rate

5.10%

p.a

for 6 months

Promoted

Term Deposits

Real Time Rating™
  • 3 months
  • Automatic maturity rollover
  • Joint application available
  • Maturity alert by email
Interest rate

3.50%

p.a

for 3 months

Min deposit

$1,000

Next rate increased

4.10%

p.a

for 6 months

Max rate

4.80%

p.a

for 12 months

Promoted

Term Deposit

Real Time Rating™
  • 1 month
  • Automatic maturity rollover
  • Joint application available
Interest rate

2.00%

p.a

for 1 month

Min deposit

$1,000

Next rate increased

4.70%

p.a

for 3 months

Max rate

4.75%

p.a

for 6 months

Promoted

Term Deposit

Real Time Rating™
  • 3 months
  • Automatic maturity rollover
  • Joint application available
  • Interest payment to other institution
Interest rate

4.00%

p.a

for 3 months

Min deposit

$5,000

Next rate increased

4.20%

p.a

for 5 months

Max rate

5.25%

p.a

for 7 months