MyState Bank Bonus Saver
Bonus rate
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.
- Base rate up to
- Not published
- Introductory rate
- None
- Maximum balance
- None published
Rate with bonus, up to
Rates by balance
| Balance | Base rate | Bonus | Total |
|---|---|---|---|
| Any balance | Not published | +5.20% | 5.20% |
How to earn the bonus
Eligible deposit and Visa transactions are described on our web site.
Who can open it
- Age to open
- 13 and over
- Maximum balance
- None published
Limits and conditions
- To be linked to a MyState Bank Glide Account, Everyday Account or Basic Account.
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
5.20%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
0.00%
What it pays without a bonus. Typical is 2.40%.
Pros and cons
Pros
- A higher rate. Up to 5.20%, above the typical 3.65%. On $10,000 that's about $520 a year.
Cons
- A low base rate. Only 0.00% in any month you miss the bonus conditions.
- Conditions for the bonus. Eligible deposit and Visa transactions are described on our web site. Miss them in a month and you earn the base rate.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 5.20%
- Bonus conditions
- None
- Most it pays
- 5.20%
- Bonus conditions
- Yes
- Most it pays
- 5.25%
- Bonus conditions
- None
