Compare Bank Accounts
Compare bank accounts and savings options online with MyState Bank. We offer our customers a range of banking options and facilities, including day to day transaction accounts and accounts to help you achieve your savings goals like term deposits and high interest savings accounts.
Choosing the best type of bank account for your needs will come down to what kind of account you are looking for, how you intend to use your new bank account and what kinds of features are the most helpful for you.
What are the different types of bank accounts?
Transaction Accounts & Savings
Want your everyday spending and your savings working together? Pair our award-winning Glide account with the Hello Saver account to make the most of your money.
With Hello Saver, there are no hoops to jump through to earn a great variable interest rate. No minimum monthly deposits, no transaction targets to hit, and no transaction account required. Just easy, ongoing interest on your savings.
The Glide account is the perfect companion for your day-to-day spending. And when you have both accounts with MyState Bank, you unlock some great digital banking tools to help you get more from your money, all within our secure app or online banking.
Our Offset account is a great option for mortgage holders looking to reduce the amount of interest they pay on their eligible MyState Bank home loan. Your account balance is 100% offset against your linked home loan before the interest is calculated. The interest you save using your MyState Bank Offset account can be huge when calculated over the life of your home loan, helping to shorten your loan term by years.
Term Deposits
For customers seeking specialised accounts like our term deposit options, you can open a new account online in a matter of minutes. A minimum deposit amount of $5,000 applies.
Term deposits offer customers a fixed interest rate for the term of the deposit so you know ahead of time how much interest you will earn. Balances are locked for the term of the deposit so you cannot deposit or withdraw until the term matures. Choose to re-invest your balance at the term’s maturity or withdraw your term deposit funds.
How to choose the right bank account?
We offer customers a range of helpful online tools to help them compare bank accounts and savings options. Offering online tools like savings plan calculator is just one way in which we can help you to make the most of your savings options with us and help you reach your savings goals. Our online calculators are quick and easy to use, offering clear interfaces and automatic results. Set the interest rate, term, and amount to suit and that’s it.
Our term deposit calculator works the same way, allowing you to accurately predict total interest earnings on a new deposit account. You can also refer to the MyState Bank App for intuitive insight and analysis features across all of your accounts, including your savings accounts.
Other things to consider when you compare bank accounts and banks include:
- Cash accessibility – what ATMs can you use, where are they and what does it cost to withdraw cash?
- How quickly can I open a new account? Can I do so online? What’s required?
At MyState Bank, you can access cash from any of the big 4 bank ATMs for free when you choose any MyState transaction account like the Glide transaction account. You can also deposit and withdraw cash at any Australia Post branch throughout Australia (fees apply). Your account is also compatible with ApplePay, Google Pay™, Samsung Pay and more. Enjoy near instant cash transfers using Osko payments, clearing transferred amounts within 60 seconds.
You can open a new account online with MyState Bank in minutes. If you are not already a MyState Bank customer then registering online is quick and easy.
New customers will need:
- A form of identification (driver’s licence or passport). Your ID is verified online in seconds so there’s no need to head into your local branch.
- To be at least 16 years of age to qualify for our Glide transaction account.
Open a new bank account with MyState bank today.
Open an account online in under 5 minutes
Apply online
You will need an Australian Driver License or Passport and about 5 mins
Receive your email
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Login to the MyState Bank App or Internet Banking
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Accounts for everyone
Transaction accounts
Our transaction bank accounts are packed full of features to simplify your everyday banking.
Hello Saver account
Say hello to hassle-free high interest savings with our Hello Saver account.
Term Deposits
Enjoy a fixed return income from your investment at competitive interest rates.
