MyState Bank updates Hello Saver to 5.15%
MyState Bank has increased the rate on its Hello Saver savings account by 30 basis points to 5.15% p.a., from a previous rate of 4.85%.
MyState Bank
Hello Saver
New Rate
5.15%
Illustrative Example
For illustrative purposes, a $10,000 deposit at 5.15% would earn approximately $515 per year in interest. That is $30 more per year compared to the previous rate.
Market Context
This rate of 5.15% is above the current market average of 4.63% across 67 tracked savings account products. The current market leader offers 5.40%.
Notes
Hello Saver welcome rate rises to 5.15% p.a. for 4 months on balances up to $100,000 from 26 March 2026. The ongoing rate rises to 4.75% p.a. from 4.50% on balances up to $100,000, and balances of $100,000 or more rise to 2.50% p.a. from 2.25%. No conditions apply.
⚠️ 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.