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Mini meca 2021

MyState Bank Bonus Saver Account

Advertiser disclosure
Interest rate
0.05% p.a.(for $0 and over)
Maximum rate
1.10% p.a. (for $0 to $250,000)
Govt deposit guarantee
Yes up to $250,000
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Mozo editorial review MyState Bank Bonus Saver Account - last updated: 15 September 2021

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What's hot
  • 2021 Mozo Experts Choice Award
  • 1.10% maximum rate
  • No account fee
What's not
  • Must link to transaction account
Mozo snapshot

If you’re a saver who wants to be rewarded for your saving habits, look no further than the MyState Bank Bonus Saver Account - winner of a 2021 Mozo Experts Choice Award in the Regular Saver category. This savings account features a special 1.10% p.a. rate which you'll be able to secure with relatively simple requirements: a minimum deposit of $20 every month and at least five debit transactions.

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Key features

With the MyState Bank Bonus Saver Account your savings habits will be rewarded, thanks to the special 1.10% rate, which you’ll receive on a monthly basis. You also won’t ever pay a cent in account fees, so every dollar you stash into the account is yours to keep. 

But like most savings accounts there are some conditions attached to earn that special rate. Luckily, the MyState Bank Bonus Saver Account only requires savers to deposit a minimum of $20 into the account every month and make five debit card transactions. 

And while you'll be able to make unlimited transactions every month through your phone or the internet keep in mind you will need a linked MyState Bank transaction account.  

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Who is it good for

The MyState Bank Bonus Saver Account could be the right choice for Aussie savers who make regular deposits and want to take advantage of a decent rate without the hassle. 

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Any catches

In order to sign up to the MyState Bank Bonus Saver Account, you will need to link it to a MyState Bank transaction account.

Details

Rates and fees information correct as at 26 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Balances from $0: 0.05% p.a.

Balances from $0: 1.10% p.a.
Balances from $250,000: 0.05% p.a.

Bonus rate when at least $20 is deposited each month and five Visa Debit transactions are made each month using linked Everyday or Glide transaction accounts.

Fees

$0.00

n/a

Unlimited transactions from phone and internet

n/a

n/a

n/a

n/a

$2.75

n/a

$0.00

$0.00

n/a

Other financial bits

$1.00

$0.00

Monthly

Features

no

none

no

no

no

no

no

yes

yes

yes

no

Must link to a transaction account

none

none

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