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- Online Term Deposit
Online Term Deposit
- 3 months
- Automatic maturity rollover
- Joint application available
- Interest payment to other institution
Interest rate
0.50%
Maximum rate
4.85%
for 9 months
Online Term Deposit
- 3 months
- Automatic maturity rollover
- Joint application available
- Interest payment to other institution
Interest rate
0.50%
Maximum rate
4.85%
for 9 months
RateCity says
"Watch your savings grow with this competitive term deposit from MyState with $0 establishment or account keeping fees."
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
Interest
Interest calculation frequency
Daily
Interest payment frequency options
At Maturity
Interest payment via other institution
Interest payment method
Direct Credit
Fees
Account keeping fee
$0
Early withdrawal fee
Rates
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Personal Term Deposit (At Maturity)
Real Time Rating™
- 2024 Award Winner
- 6 months
- Automatic maturity rollover
- Joint application available
Interest rate
5.10%
for 6 months
Min deposit
$1,000
Maximum rate
5.10%
for 6 months
Term Deposit
Real Time Rating™
- 1 month
- Automatic maturity rollover
- Joint application available
Interest rate
2.00%
for 1 month
Min deposit
$1,000
Maximum rate
4.90%
for 60 months
Term Deposits
Real Time Rating™
- 3 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
3.50%
for 3 months
Min deposit
$1,000
Maximum rate
4.80%
for 12 months
Special Term Deposit
Real Time Rating™
- 12 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
4.75%
for 12 months
Min deposit
$5,000
Maximum rate
4.75%
for 12 months
Product data updated on 20 Apr 2024