The MyState Bank Special eSaver account is an exclusively online savings account designed to help you plump up your savings in no time by earning you 2.40% p.a on balances over $50,000. For balances between $5,000 and $49,999 the rate you’ll receive will be 1.50% and for balances under $4,999 it drops to 1.00%.
Although there is no branch or ATM access, you can still make unlimited transactions via the phone or internet/Bpay banking and check your account balances at any time. There are also no extra fees associated with the account and just a $1.00 minimum opening deposit with interest paid on a quarterly basis.
Who it's good for:The MyState Bank Special eSaver account is perfect for Aussies with over $50k to put away, looking for a high interest savings account that lets you withdraw money whenever you need it without affecting the interest you earn.