MyState Bank Regular Term Deposit
15 termsFixed rate
If you have money to invest, and you want reliable investment returns, a term deposit from MyState Bank may be just what you need.
- Minimum deposit
- $5,000
- Maximum deposit
- Not published
- Terms offered
- 15
Rate a year, up to
For 11 months
Rates by term
| Term | Interest paid | Rate a year |
|---|---|---|
| 1 month | At maturity | 0.50% |
| 2 months | At maturity | 0.50% |
| 3 months | At maturity | 5.05% |
| 4 months | At maturity | 4.90% |
| 5 months | At maturity | 4.90% |
| 6 months | At maturity | 5.00% |
| 7 months | At maturity | 5.00% |
| 8 months | At maturity | 5.00% |
| 9 months | At maturity | 5.10% |
| 10 months | At maturity | 5.10% |
| 11 months | At maturity | 5.40% |
| 1 year | At maturity | 5.25% |
| 1 year | Monthly | 4.00% |
| 15 months | At maturity | 3.75% |
| 2 years | At maturity | 5.15% |
| 2 years | Yearly | 5.10% |
| 2 years | Monthly | 3.40% |
| 3 years | Yearly | 4.25% |
| 3 years | Monthly | 3.15% |
Deposit amount on every term: From $5,000.
How it compares
Against the other 1 year term deposits we compare. Typical means the middle half of them.
1 year rate
5.25%
A typical 1 year rate is 5.25%.
Minimum deposit
$5,000
A typical minimum is $2,000.
Pros and cons
Pros
- Monthly interest. You can have interest paid each month, which suits living off the interest.
- Plenty of terms. 15 terms to choose from, so you can match the term to when you'll need the money.
Cons
- Your money is locked in. Taking it out early usually needs 31 days' notice and earns less interest.
Similar term deposits
Term deposits from other banks that pay a similar rate for the same term.
- Rate a year
- 5.25%
- Minimum deposit
- $5,000
- Rate a year
- 5.25%
- Minimum deposit
- Not published
- Rate a year
- 5.25%
- Minimum deposit
- $5,000
