Notice to Customers – Changes to MyState Deposit and Lending Interest Rates effective 12 February 2026
5 February 2026 - At MyState Bank, we are committed to keeping you informed about changes that matter to your finances. Effective 12 February 2026, we will be increasing interest rates on variable home loans and select savings accounts by 0.25% p.a.
We understand that rate changes can have a big impact on your budget, and we have carefully considered this decision. We want to be transparent about what this means for you and your money.
What this means for home loan customers
Variable mortgage lending rates will increase by 0.25% p.a. This change applies to both new and existing customers across owner-occupied and residential investment loans.
We know seeing your rate go up is never the news you want to hear. To help you plan ahead, we will send you an email or letter soon with all the specific details about your updated repayment amount.
We are here to help
If you are concerned about managing higher repayments, please reach out to us. We’re here to help find ways to make your mortgage work better for your current situation. Please do not hesitate to call us or drop into your local branch.
What this means for savings customers
There is some good news for savers. You will earn more interest on your money as you work toward your savings goals.
For our Hello Saver customers, new eligible customers will enjoy an extra 0.25% p.a. on their welcome rate for the first four months. The ongoing rate will also increase, bringing it to 4.50% p.a. for balances up to $100,000.
For Bonus Saver customers, the top rate (when monthly criteria are met) will increase to 4.50% p.a. for balances up to $500,000.
Key deposit rate changes at a glance
Bonus Saver account
| Interest type | Current rate p.a. | Rate change p.a. | New rate p.a. (effective 12 Feb 2026) |
|---|---|---|---|
| Base Interest rate | 0.05% | 0.00% | 0.05% |
| Bonus Interest rate (balances up to $500,000) | 4.20% | 0.25% | 4.45% |
| Maximum Interest rate | 4.25% | 0.25% | 4.50% |
Hello Saver account
| Interest type | Balance | Current rate p.a. | Rate change p.a. | New rate p.a. (effective 12 Feb 2026) |
|---|---|---|---|---|
| Welcome Variable Interest rate* (First 4 months for new customers only) | $0-$100,000 | 4.60% | 0.25% | 4.85% |
| Ongoing Variable Interest rate^ | $0-$100,000 | 4.25% | 0.25% | 4.50% |
| Ongoing Variable Interest rate^ | $100,000.01+ | 2.00% | 0.25% | 2.25% |
Important details regarding Hello Saver
* Welcome Variable Interest Rate applies only to new customers for amounts up to $100,000 for the first 4 months from account opening. After 4 months, all balances earn the Ongoing Variable Interest Rate applicable to the portion of your balance. If you are not a new customer to MyState Bank, you will earn the Ongoing Variable Interest Rate(s).
^ applies to portion of balance
We are here to help
If you have any questions, please contact our friendly Customer Care team on 138 001, send us a message via Online Banking or drop into your local branch.
