MyState Bank Bonus Saver
savings accountlinked accountterms checked
Bonus Saver is a savings account from MyState Bank. At $50,000 it pays 5.50% p.a. in a month in which the conditions below are met; the feed states no rate for a month in which they are not.
Rate tiers
Every balance band in the bank's feed: base is the rate when the bonus conditions are not all met, bonus the add-on for meeting them, conditional the two together.
| Balance | Base | Bonus | Conditional |
|---|---|---|---|
| $0 – $500,000 | — | 5.50% | 5.50% |
| $500,000.01+ | — | 5.45% | 5.45% |
Each rate is paid on the whole balance: the balance falls into one band and earns that band's rate.
The bonus rate is the whole rate paid in a month in which the conditions are met; the feed states no base rate, so what is paid in a month in which they are not met is not in it.
The highest bonus rate applies to balances up to $500,000; the bands above show what the feed states there.
Conditions
For the bonus rate
- deposit $20 or more each month
- linked transaction account required
In the bank's own words, as its feed states each condition on the bonus rate:
- monthly depositdeposit of $20
Other conditions
- no longer offered to new customers
- bonus needs at least 5 eligible Visa Debit card transactions each month on the linked account
- personal names only; not for estates, trusts, super funds or businesses
Features
- app
- yes
- Osko
- yes
- PayID
- yes
Fees, limits and who can open it
- monthly fee
- no monthly fee stated
- bonus paid up to
- $500,000
- interest paid
- monthly
- interest calculated
- daily
- age
- ages 13 and over
- open to
- personal customers
- linked account
- a linked transaction account with the same bank is required
Who can open it, in the bank's own words:
- To be linked to a MyState Bank Glide Account, Everyday Account or Basic Account.
About this account
Enjoy bonus interest when you deposit $20 or more in to your Bonus Saver Account and make 5 or more eligible VISA Debit card transactions from your linked account each month. Take your money out as often as you need without losing the bonus interest you've already earned.
Data
- MyState Bank's own page for this account.
- The bank's documents its product record links to: terms and conditions, fees, eligibility.
- Our verbatim snapshot of the bank's product record (source), as fetched on 12 November 2026.
- We read the bank's own page and terms against this page on 1 November 2026: bonus-saver-account, legal, rates_savings_nlo.pdf, terms_savings_nlo.pdf; conditions they state and its feed does not are listed above.
/au/finance/savings-accounts/v1/brands/mystate-bank.json: this bank's accounts and every balance band as JSON; MyState Bank's page lists them.- The bank last updated this record on 11 November 2026. Rates are per annum as the bank states them; "stale" means the bank has not updated the record for over 60 days or since the latest cash rate change.
Other accounts at MyState Bank
- Business Online Saver savings account, 0.60% base at $50,000
- E&P High Yield Account savings account, 4.50% base at $50,000
- Hello Saver Account savings account, 5.50% base at $50,000
- Basic Accountstale transaction account
- Everyday Business Accountstale transaction account
- Glide Account transaction account, 0.00% base at $50,000
All of MyState Bank's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.
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