MyState Bank tempts savers with new high term deposit rates
After back to back RBA rate hikes, MyState Bank has just raised the interest rate of its 24 and 36 month term deposits to a whopping 3.35% p.a. This makes its 24 month term one of the top 5 highest available in our database.
According to MyState Bank’s general manager of digital and marketing Heather McGovern, the bank’s term deposit rates “provide an attractive option for anyone wanting certainty on their savings without worrying about market fluctuations.”
“MyState customers can now access some of the best term deposit rates in Australia. Now is also the time for savers in Australia to take advantage of these returns,” she says.
So if you’re looking for a mid-length term deposit, MyState Bank might be worth investigating. In addition to taking out a Mozo Experts Choice Awards^, the bank's term deposits are also covered under the $250,000 government guarantee and come in a range of terms to suit a range of investment needs and timeframes.
Read more below on our product rundowns to determine if it's time to start looking for term deposit options.
36 month term
MyState Bank - 36 month term deposit
- 3.35% p.a. interest rate
- $5000 min deposit ($5M max)
- Automatic rollover option
- Fast online application
24 month term
MyState Bank - 24 month term deposit
- 3.35% p.a. interest rate
- $5000 min deposit ($5M max)
- Automatic rollover option
- Fast online application
12 month term
MyState Bank - 12 month term deposit
- 3.05% p.a. interest rate
- $5000 min deposit ($5M max)
- Automatic rollover option
- Fast online application
10 month term
MyState Bank - 10 month term deposit
- 2.50% p.a. interest rate
- $5000 min deposit ($5M max)
- Automatic rollover option
- Fast online application
Want to compare more term deposits? View the latest term deposit rates at Mozo's term deposit comparison hub.
* Different interest rates apply to different amounts or different interest payment frequencies.
^See information about the Mozo Experts Choice Term Deposit Awards
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