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MyState Bank Special eSaver Account

Advertiser disclosure
Interest rate
0.90% p.a.(for $0 to $25,000)
Maximum rate
No Current Offer
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review MyState Bank Special eSaver Account - last updated: 1 June 2023

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What's hot
  • Earn a special 1.25% interest rate (on balances over $150,000)
  • No account fee
  • Unlimited free online and phone transactions
What's not
  • First $250,000 of deposits are covered by Government Guarantee on Deposits
Mozo snapshot

The MyState Bank Special eSaver account may not offer the highest rates for low balances, but if you’ve got over $50k to squirrel away then this could be the account for you, as you’ll be rewarded with more competitive rates for bigger deposit amounts. Adding to that, unlike other high interest savings accounts that have strict withdrawal criteria in order to earn that high rate, with the eSaver account you can dip into your savings whenever you please without your rate being affected.

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Key features

The MyState Bank Special eSaver account is an exclusively online savings account designed to help you plump up your savings in no time. The amount of interest you earn will depend on how much you've got saved up in your account, starting from 0.90% for balances under $25,000, ranging up to a 1.25% rate if you're lucky enough to have $150,000 or more put away.

You can make unlimited transactions via the phone, internet/Bpay banking or at MyState Bank branches 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 monthly basis.

snapshot
Who is it good for

The MyState Bank Special eSaver account could be a good pick 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.

 

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Any catches

You'll get the best interest rates on larger deposits - but bear in mind that only the first $250,000 of your deposits with any Authorised Deposit-taking Institution (ADI) are covered by the Government Guarantee on Deposits. It shouldn't pose a major problem, but if you want to be cautious, you might prefer to break up your savings across different savings accounts after you meet this limit.

Details

Rates and fees information correct as at 22 June 2024. 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: 0.90% p.a.
Balances from $25,000: 0.95% p.a.
Balances from $50,000: 1.10% p.a.
Balances from $150,000: 1.25% p.a.
Balances from $250,000: 1.25% p.a.

n/a

n/a

Fees

$0.00

n/a

Unlimited transactions from phone and internet

n/a

n/a

n/a

n/a

$0.00

n/a

$0.00

$0.00

n/a

Other financial bits

$1.00

$0.00

Monthly

Features

no

n/a

no

no

no

yes

no

yes

yes

yes

no

none

none

none

Customer Reviews

How are MyState Bank savings accounts rated by the Mozo community?

Overall
7.3/10
Price
6.5/10
Features
6.0/10
Customer service
7.9/10
Convenience
7.6/10
Trust
7.8/10
Based on 201 MyState Bank savings account reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Latest review of MyState Bank Special eSaver Account Savings Account

About MyState Bank

Thumbnail icon for MyState Bank
MyState Bank

Bonus Saver Account

0.05% p.a.(for $0 and over)

5.00% p.a. (for $0 to $250,000)

Yes up to $250,000

Thumbnail icon for Rabobank
Rabobank

High Interest Savings Account

5.75% p.a. (for $0 to $250,001)

4.40% p.a.(for $0 to $250,001)

Yes up to $250,000

Thumbnail icon for Macquarie
Macquarie

Savings Account

5.35% p.a. (for $0 to $250,000)

4.75% p.a.(for $0 to $1,000,000)

Yes up to $250,000

Thumbnail icon for Rabobank
Rabobank

PremiumSaver

5.45% p.a. (for $0 to $250,001)

1.50% p.a.(for $0 and over)

Yes up to $250,000

Thumbnail icon for ING
ING

Savings Maximiser

5.50% p.a. (for $0 to $100,000)

0.55% p.a.(for $0 and over)

Yes up to $250,000

Thumbnail icon for IMB Bank
IMB Bank

Reward Saver Account

5.25% p.a. (for $0 to $1,000,000)

0% p.a.(for $0 and over)

Yes up to $250,000

Thumbnail icon for MyState Bank
MyState Bank

Bonus Saver Account

5.00% p.a. (for $0 to $250,000)

0.05% p.a.(for $0 and over)

Yes up to $250,000

Thumbnail icon for First Option Bank
First Option Bank

Savings+Bonus

5.00% p.a. (for $0 to $250,000)

2.00% p.a.(for $0 to $250,000)

Yes up to $250,000

Thumbnail icon for ING
ING

Savings Accelerator

3.35% p.a. (for $0 to $50,000)

2.85% p.a.(for $0 to $50,000)

Yes up to $250,000

Thumbnail icon for Rabobank
Rabobank

High Interest Savings Account

5.75% p.a. (for $0 to $250,001)

Yes up to $250,000

4.40% p.a.(for $0 to $250,001)

Thumbnail icon for Macquarie
Macquarie

Savings Account

5.35% p.a. (for $0 to $250,000)

Yes up to $250,000

4.75% p.a.(for $0 to $1,000,000)

Thumbnail icon for IMB Bank
IMB Bank

Reward Saver Account

5.25% p.a. (for $0 to $1,000,000)

Yes up to $250,000

0% p.a.(for $0 and over)

Thumbnail icon for ING
ING

Savings Maximiser

5.50% p.a. (for $0 to $100,000)

Yes up to $250,000

0.55% p.a.(for $0 and over)

Thumbnail icon for Rabobank
Rabobank

PremiumSaver

5.45% p.a. (for $0 to $250,001)

Yes up to $250,000

1.50% p.a.(for $0 and over)

Thumbnail icon for MyState Bank
MyState Bank

Bonus Saver Account

5.00% p.a. (for $0 to $250,000)

Yes up to $250,000

0.05% p.a.(for $0 and over)

Thumbnail icon for First Option Bank
First Option Bank

Savings+Bonus

5.00% p.a. (for $0 to $250,000)

Yes up to $250,000

2.00% p.a.(for $0 to $250,000)

Thumbnail icon for ING
ING

Savings Accelerator

3.35% p.a. (for $0 to $50,000)

Yes up to $250,000

2.85% p.a.(for $0 to $50,000)

Thumbnail icon for ING
ING

Savings Maximiser

0.55% p.a.(for $0 and over)

5.50% p.a. (for $0 to $100,000)

Yes up to $250,000

Thumbnail icon for IMB Bank
IMB Bank

Reward Saver Account

0% p.a.(for $0 and over)

5.25% p.a. (for $0 to $1,000,000)

Yes up to $250,000

Thumbnail icon for MyState Bank
MyState Bank

Bonus Saver Account

0.05% p.a.(for $0 and over)

5.00% p.a. (for $0 to $250,000)

Yes up to $250,000

Thumbnail icon for Rabobank
Rabobank

Notice Saver

0% p.a.(for $0 and over)

4.90% p.a. (for $0 to $250,001)

Yes up to $250,000

Thumbnail icon for First Option Bank
First Option Bank

Kids Bonus Saver

0.05% p.a.(for $0 and over)

0.85% p.a. (for $5,556 to $50,001)

Yes up to $250,000

Thumbnail icon for Auswide Bank
Auswide Bank

Ziggy Kids Saver

0.01% p.a.(for $0 and over)

3.01% p.a. (for $0 and over)

Yes up to $250,000

Thumbnail icon for ANZ
ANZ

Progress Saver

0.01% p.a.(for $0 and over)

4.25% p.a. (for $0 and over)

Yes up to $250,000

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