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MyState Bank

Term Deposit

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Max rate

1.00

% p.a

for 24 months

Min. deposit

$5,000

Next rate increased

0.65

% p.a

for 12 months

Interest rate

0.50

% p.a

for 6 months

Balance Amount

$501,250

based on a $500,000 deposit for a duration of 6 months

Real Time Rating™

1.86

/ 5
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Max rate

1.00

% p.a

for 24 months

Min. deposit

$5,000

Next rate increased

0.65

% p.a

for 12 months

Interest rate

0.50

% p.a

for 6 months

Balance Amount

$501,250

based on a $500,000 deposit for a duration of 6 months

Real Time Rating™

1.86

/ 5
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Quick term deposit review

For Term Deposit

These are the benefits of this term deposit.

  • No account keeping fees
  • Interest can be paid to other institution
  • Only 1 days notice to withdraw funds before maturity
  • Automatic maturity rollover
  • Early withdrawal available

Term deposit overview

For Term Deposit

TMD

Features

Min. deposit

$5,000

Automatic maturity rollover

Maturity alert by phone

Maturity alert by email

Joint application available

Minimum Age Requirement

12

Notice period to withdraw

1

Is covered by government guarantee

Interest

Interest Calculation Frequency

Interest Payment Frequency Options

At Maturity

Interest payment via other institution

Interest payment method

Direct Credit

Fees

Early withdrawal fee

Rates

MyState Bank term deposits rates

Savings Term$5,000 - $99,999,999
1 month0.10%
2 months0.15%
3 months0.30%
4 months0.30%
5 months0.25%
6 months0.50%
7 months0.35%
8 months0.35%
9 months0.50%
10 months0.35%
11 months0.35%
1 year0.65%
2 years1.00%

Target Market Determination

Visit MyState Bank to view Target Market Determination.

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