Important disclosure
Pros and cons
For 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 Term 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. |
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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