MyState Bank updates Bonus Saver to 4.75%
MyState Bank has increased the rate on its Bonus Saver savings account by 25 basis points to 4.75% p.a., from a previous rate of 4.50%.
MyState Bank
Bonus Saver
New Rate
4.75%
Illustrative Example
For illustrative purposes, a $10,000 deposit at 4.75% would earn approximately $475 per year in interest. That is $25 more per year compared to the previous rate.
Market Context
This rate of 4.75% is above the current market average of 4.63% across 67 tracked savings account products. The current market leader offers 5.40%.
Notes
Bonus Saver rises to 4.75% p.a. from 26 March 2026 on balances up to $500,000, made up of a 0.05% base rate and 4.70% bonus rate. To earn the top rate, customers must deposit at least $20 into Bonus Saver each month and make 5 eligible Visa Debit transactions from a linked MyState Glide account.
⚠️ General information only
This comparison is for informational purposes only and does not constitute financial advice. Always verify current rates and eligibility directly with the provider before making decisions. Consider whether products are appropriate for your circumstances.