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MyState Bank

Bonus Saver Account

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announcement

RateCity Says: Earn a competitive return on your nest egg with this savings account that also offers branch access and no ongoing fees.

Awards

Winner of Best Savings Account Regular Savers, RateCity Gold Awards 2021

Maximum rate

1.10%*

% p.a

Base rate

0.05

% p.a

Maximum monthly interest

$16

based on an initial deposit of 4000 and a recurring monthly deposit of 1000 for a duration of 12 months

Total interest earned

$147

based on an initial deposit of 4000 and a recurring monthly deposit of 1000 for a duration of 12 months

Ongoing fee

$0

Real Time Rating™

3.57

/ 5
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Maximum rate

1.10%*

% p.a

Base rate

0.05

% p.a

Maximum monthly interest

$16

based on an initial deposit of 4000 and a recurring monthly deposit of 1000 for a duration of 12 months

Total interest earned

$147

based on an initial deposit of 4000 and a recurring monthly deposit of 1000 for a duration of 12 months

Ongoing fee

$0

Real Time Rating™

3.57

/ 5
Go to site
Go to site

Quick savings account review

For Bonus Saver Account

These are the benefits of this savings account.

  • Maximum interest rate ranked in the best 20% (conditions may apply)
  • Ongoing bonus interest (conditions apply)
  • No ongoing fees
  • No minimum balance
  • Features on 2021 RateCity Awards

These are the drawbacks of this savings account.

  • Must satisfy age requirement conditions
  • Must link to transaction account

Savings account overview

For Bonus Saver Account

TMD

Account Details

Maximum rate

1.10%*

% p.a

Minimum age restrictions

13

Base rate

0.05

% p.a

Maximum age restrictions

Maximum rate condition

Bonus interest is paid when a customer has made an eligible deposit of $20 into the Bonus Saver account in the calendar month and made 5 eligible Visa card purchases on the linked Everyday or Glide account in the calendar month

Minimum opening deposit

$0

Interest calculation method

Stepped

Features

Joint application available

Is online only

Methods of Access

Has internet facility

Has atm access

Has phone facility

Has eftpos facility

Has branch access

Fees

Eftpos fee

$0.9

Atm withdrawal fee

$0

Overseas eftpos fee

$0

Internet transaction fee

$0

Over the counter deposit fee

$0

Phone transaction fee

$0

Over the counter withdrawal fee

$2.8

Target Market Determination

Visit MyState Bank to view Target Market Determination.

Other Restrictions

Customer must have an open MyState Everyday or Glide Account that is linked to the Bonus Saver Account

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