5 ways the right account can make saving hassle-free in 2026

With the new Hello Saver account from MyState Bank, you can grow your savings without all sorts of strict conditions.

We all know saving is important. And with the right account, you can grow your savings over time, thanks to interest.

But some savings accounts pile on tough conditions or complicated requirements before you can actually earn a decent interest rate.

If you've ever missed a month – or multiple months – through not meeting these conditions, you know how much it can affect your earnings for the year.

The good news is that not every account is like that.

Let's take a look at some of the other features.

1. No minimum deposits

Sometimes, we need to allocate our funds elsewhere for a month or two. Saving can get tricky.

But that doesn't mean you should have to miss out on earning interest (or compounding interest)

The Hello Saver account doesn't have a minimum deposit requirement each month.

So even if you miss a month of deposits, you'll still earn interest on your current balance (including interest earned in the previous month).

2. No linked transaction account required

Some modern savings accounts require you to have a linked transaction account.

However, this isn't a requirement with the Hello Saver account.

There is no requirement for a minimum number of transactions with the Hello Saver account or any linked accounts in order to earn interest.

3. Access funds without being penalised

Sometimes, you might need to draw on your savings. After all, that's what they're there for!

Other banks sometimes penalise their customers for pulling money out of their savings.

But not the Hello Saver account. You're able to withdraw and deposit as frequently as you need to without any penalty to your interest.

4. No need to grow your balance

Flexibility with funds is essential. Life can change quickly and emergencies can pop up.

All sorts of situations can mean you need extra access to cash.

So last – but certainly not least – the Hello Saver account doesn't require you to grow your balance.

You'll still earn interest, even if your balance hasn't grown.

5. $0 everyday fees

If you don't keep a close eye on them, fees can chip away at your savings.

So it's important to look for a bank that doesn't feature a ton of hidden fees in its savings account!

The Hello Saver account charges $0 everyday fees. This means you won't be charged fees for:

• Monthly account keeping
• Transfers between your accounts
• Paying someone using PayID
• Paying a bill with BPAY®
• Direct debits

You can see more information about any fees included with the Hello Saver account on the MyState Bank website.

Long-term, fewer fees on the Hello Saver account mean that you can save more of your own money!

Learn more about the Hello Saver account from MyState Bank

Terms and Conditions

Hello Saver has tiered interest rates applicable to the portion of your balance. Interest rates are annual percentage rates, calculated daily, paid monthly and subject to change.

²Welcome variable interest rate applies only to new MyState Bank customers with no prior relationship, including as account holders (single or joint), signatories, powers of attorney, guarantors, or trustees. The welcome rate applies to balances up to $100,000 for the first 4 months on the first Hello Saver account opened. After 4 months, all balances earn the ongoing variable interest rate applicable to the portion of your balance. If you or any joint account holders have had a prior relationship with MyState Bank, you will earn the ongoing variable interest rate(s).

Any advice provided does not take into account your personal objectives, financial situation or needs and you should consider whether it is appropriate for you. Please consider the relevant Disclosure Documentation and Target Market Determinations before acquiring any product. Please review our Financial Services Guide (FSG) before accessing information on this website. Terms and conditions, fees and charges may apply. Information, including any rates, are current as at 26 February 2026 and are subject to change.

^© MyState Bank Limited (MyState Bank) ABN 89 067 729 195 AFSL 240896 Australian Credit Licence Number 240896. A wholly owned subsidiary of MyState Limited ABN 26 133 623 962.