MyState Hello Saver account Summary
Description
A savings account that doesn't require a linked transaction account or for you to grow your account balance or deposit a defined amount of money each month or penalise you for making a withdrawal. Pay bills straight from your savings using BPAY, direct debit, PayID or automatic transfers.
Benefits
- Introductory rate of 5.65% p.a. for 4 months for eligible customers.
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
Hoops
- Ongoing rate cap: $500,000. See the rate breakdown for higher balances.
- The introductory offer is temporary, lasting 4 months. The ongoing rate then applies.
On this page
Details
Key details
| Product name | MyState Hello Saver account |
|---|---|
| Maximum variable rate | 5.65% p.a. (Introductory, first 4 months) |
| Ongoing interest rate | 5.25% p.a. |
| Base interest rate | 5.25% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 5.25% |
|---|---|
| Ongoing | 5.25% |
| Ongoing cap | $500K |
| Intro | 5.65% |
| Intro cap | $500K |
| Intro period | 4 mths |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | - |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 5.25% p.a..
- Introductory: 5.65% p.a. for 4 months for eligible customers. Up to $500k.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 5.25% | This band only | First $500k |
| Standard variable | 3.00% | This band only | Over $500k |
| Introductory total, first 4 months | 5.65% | This band only | First $500k |
| Introductory total, first 4 months | 3.00% | This band only | Over $500k |
Source: noren.com.au
Share/Export
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Requirements
- No monthly deposit, growth, purchase or withdrawal-count requirement. Rates apply to portions: Welcome replaces the first-portion ongoing rate, excess above $500,000 keeps its ordinary rate.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with MyState.
- Personal use only, including eligible joint owners, no business, SMSF, deceased estate or trust use. Opening in person is generally age 13+ and online age 16+, child arrangements follow the account terms. Source supplies no numeric minimum age.
Introductory eligibility
- New customer with no previous MyState profile in any capacity, including owner, signatory, power of attorney or trustee. First Hello Saver only. Every joint holder must qualify, four months from account opening.
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Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected and verified on 31 Oct 2026.