Compare MyState savings and bank accounts

With a range of personal banking solutions, MyState has your future in mind.

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MyState Bank

Headquartered in Tasmania, MyState has been an active alternative to big banks for over 50 years. It provides a large range of personal banking products and services, covering everything from insurance to high interest savings accounts. This guide will outline the various transaction and savings accounts plus the term deposits the bank offers.

MyState savings accounts, bank accounts and term deposits

MyState savings accounts

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Finder Score Maximum interest rate Base interest rate Max rate type & duration Monthly max rate conditions
MyState Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
4.25%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing rate
(conditions apply)
Balance $0 to $500,000
Deposit $20
5 debit card purchases
More info
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MyState Bank logo
Finder score
MyState Bank Business Online Saver
Finder score
Maximum Variable Rate p.a.
0.60%
Standard Variable Rate p.a.
0.60%
Intro/Ongoing
Ongoing rate
(conditions apply)
Balance from $10,000
More info
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MyState Bank logo
Finder score
MyState Bank Access Assist Account
Finder score
Maximum Variable Rate p.a.
0.40%
Standard Variable Rate p.a.
0.40%
Intro/Ongoing
Ongoing rate
(conditions apply)
Balance from $46,600
More info
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MyState Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
0.50%
Standard Variable Rate p.a.
0.50%
Intro/Ongoing
Ongoing rate
(conditions apply)
Balance from $250,000
More info
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MyState Bank logo
Finder score
Not yet rated
MyState Bank Hello Saver
Finder score
Not yet rated
Maximum Variable Rate p.a.
4.60%
Standard Variable Rate p.a.
4.25%
Intro/Ongoing
4 month intro rate
Balance up to $100,000
Intro rate for new customers only
More info
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How the Finder Score helps you find a better savings account

The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.

We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?

Read the full breakdown

Want more interest on your savings?

Compare now and find a better rate.

MyState bank accounts

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Finder Score Monthly fee Govt. Guarantee Own network ATM fee Card type
MyState Bank logo
Finder score
MyState Bank Glide Account
Apple Pay Google Pay Samsung Pay Garmin Pay
Finder score
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More info
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MyState Bank logo
Finder score
MyState Bank Basic Account
Apple Pay Google Pay Samsung Pay Garmin Pay
Finder score
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More info
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MyState Bank logo
Finder score
MyState Bank Offset Transaction Account
Apple Pay Google Pay Samsung Pay Garmin Pay
Finder score
Monthly fee
$8
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More info
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MyState Bank logo
Finder score
MyState Bank Access Assist Account
Apple Pay Google Pay Samsung Pay Garmin Pay
Finder score
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More info
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MyState Bank logo
Finder score
MyState Bank Everyday Business Account
Apple Pay Google Pay Samsung Pay Garmin Pay
Finder score
Monthly fee
$6
Government Guarantee
Own network ATM fee
$0.15
Card type
Visa
More info
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Finder Score for bank accounts

We assess multiple product features for transaction accounts from over 100 providers and assign each product a score out of 10.

Read the full methodology

Looking for a better bank account?

Compare everyday accounts and find one that works harder for you.

MyState term deposits

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Finder Score 3 Mths p.a. 6 Mths p.a. 10 Mths p.a. 12 Mths p.a. 24 Mths p.a.
MyState Bank logo
Finder Score
MyState Bank Online Term Deposit
$5,000 min. deposit
$50,000,000 max. deposit
Finder Score
3 Mths p.a.
3.80%
6 Mths p.a.
4.00%
10 Mths p.a.
3.75%
12 Mths p.a.
3.90%
24 Mths p.a.
3.50%
Lock in competitive rates and pay no monthly account fees with this online term deposit.
More info
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MyState Bank logo
Finder Score
MyState Bank Term Deposit
$5,000 min. deposit
$5,000,000 max. deposit
Finder Score
3 Mths p.a.
3.80%
6 Mths p.a.
4.00%
10 Mths p.a.
3.75%
12 Mths p.a.
3.90%
24 Mths p.a.
3.50%
More info
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MyState Bank logo
Finder Score
MyState Bank Income Term Deposit
Finder Score
3 Mths p.a.
-
6 Mths p.a.
-
10 Mths p.a.
-
12 Mths p.a.
3.90%
24 Mths p.a.
3.45%
More info
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MyState Bank logo
Finder Score
MyState Bank Business Term Deposit
$5,000 min. deposit
$500,000 max. deposit
Finder Score
3 Mths p.a.
3.80%
6 Mths p.a.
4.00%
10 Mths p.a.
3.75%
12 Mths p.a.
3.90%
24 Mths p.a.
3.50%
More info
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MyState Bank logo
Finder Score
MyState Bank Business Income Term Deposit
$5,000 min. deposit
$500,000 max. deposit
Finder Score
3 Mths p.a.
-
6 Mths p.a.
-
10 Mths p.a.
-
12 Mths p.a.
3.90%
24 Mths p.a.
3.45%
More info
Compare product selection
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Finder Score for term deposits

Finder Score assigns Term Deposit products a score out of 10, comparing interest rates and features, to make comparison easier. We assess over 150 products from more than 90 providers, assessing products across different terms to determine an average score per product.

Read the full methodology

Lock in a great rate

Compare term deposits to grow your savings with confidence.

What are the pros and cons of banking with MyState?

Pros

  • Range of accounts. MyState offers a range of savings and transaction accounts, so you're sure to find one that meets your needs.
  • Online accessibility. With each account you can enjoy the convenience of Internet banking.
  • Competitive interest rates. The interest rates offered by MyState are competitive in comparison to what you find with some of the larger banks.

Cons

  • Monthly fees. In many cases you are required to meet certain conditions in order to avoid having to pay any monthly fees.
  • Branch access. Unless you are live in Tasmania you may find the lack of physical branches difficult.

How to apply for a MyState savings account

Applying online for a new bank account is fast and easy. You'll need identity documents such as your driving licence or passport. For more about the process, check out our full guide to opening an account online.

Sources

Shirley Liu's headshot
Written by

Publisher

Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs. See full bio

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2 Responses

    Default Gravatar
    brianJuly 12, 2023

    I live in NSW so do you have atm machines on the main land

      Alison Banney's headshotFinder
      AlisonJuly 13, 2023Finder

      Hi Brian, please note that you’ve reached Finder not MyState. You can use any Big 4 bank ATM (Westpac, NAB, ANZ, CommBank) for free with your MyState debit card.

Read more on Bank Accounts

  • MyState Bank Bonus Saver Account

    Earn up to 4.25% p.a. on this high interest savings account each month you deposit $20 and make 5 Visa Debit card transactions.

  • MyState Online Term Deposit

    Lock your money away for just one month or for two years and be rewarded with guaranteed returns on your investment.

  • MyState Special eSaver Account

    A savings account that offers competitive tiered interest rates, easy access to your money and no account keeping fees.

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