Important Notice for Customers – Interest Rate Changes for Savings Accounts effective 1 December 2020
Important Notice for Customers – Interest Rate Changes for Savings Accounts effective 1 December 2020
Notice to Customers
MyState Bank have decreased the following interest rates effective 1 December 2020.
| Bonus Saver Account | Current Rate p.a. | New Rate p.a. |
| Bonus rate | 1.35% | 1.20% |
| Maximum rate | 1.50% | 1.35% |
| Seniors Platinum* | Current Rate p.a. | New Rate p.a. |
| $1- $45,399 | 0.15% | 0.10% |
| $45,400+ | 0.90% | 0.75% |
| Seniors Account* | Current Rate p.a. | New Rate p.a. |
| $2,000 - $40,999 | 0.15% | 0.10% |
| $41,000+ | 0.50% | 0.40% |
| Savings Pensioner* | Current Rate p.a. | New Rate p.a. |
| $2,000 - $45,399 | 0.15% | 0.10% |
| $45,400+ | 0.90% | 0.75% |
| Access Assist | Current Rate p.a. | New Rate p.a. |
| $2,000 - $46,599 | 0.15% | 0.10% |
| $46,600+ | 0.90% | 0.75% |
| Special eSaver | Current Rate p.a. | New Rate p.a. |
| $0 - $24,999 | 0.10% | 0.05% |
| $25,000 - $49,999 | 0.25% | 0.10% |
| $50,000 - $149,999 | 0.50% | 0.35% |
| $150,000 - $249,999 | 0.75% | 0.60% |
| $250,000+ | 0.95% | 0.75% |
| Cash Management (Wealth) | Current Rate p.a. | New Rate p.a. |
| $2,000+ | 0.50% | 0.20% |
| Cash Management* | Current Rate p.a. | New Rate p.a. |
| $20,000 - $99,999 | 0.15% | 0.05% |
| $100,000 - $399,999 | 0.25% | 0.10% |
| $400,000+ | 0.50% | 0.25% |
| Online Saver* | Current Rate p.a. | New Rate p.a. |
| $2,000+ | 0.50% | 0.25% |
| Saver* | Current Rate p.a. | New Rate p.a. |
| $20,000 - $49,999 | 0.25% | 0.05% |
| $50,000 - $99,999 | 0.25% | 0.10% |
| $100,000+ | 0.50% | 0.25% |
| Online Savings | Current Rate p.a. | New Rate p.a. |
| $0 – $4,999 | 0.25% | 0.05% |
| $5,000 - $49,999 | 0.25% | 0.10% |
| $50,000+ | 0.50% | 0.25% |
| Christmas Account (Club*) | Current Rate p.a. | New Rate p.a. |
| All balances | 0.20% | 0.10% |
| Premium Business Account | Current Rate p.a. | New Rate p.a. |
| $250,000 - $499,999 | 0.10% | 0.05% |
| $500,000+ | 0.15% | 0.05% |
| Online Business Account | Current Rate p.a. | New Rate p.a. |
| $10,000+ | 0.75% | 0.50% |
| Youth Account* (Teen Saver*) | Current Rate p.a. | New Rate p.a. |
| $0+ | 0.50% | 0.35% |
*No longer offered
For full details of the changes, please visit mystate.com.au or call 138 001.
