The Finance Algorithm
My State PM Production logoMy State PM Production

Hello Saver account

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.

Savings & transaction accountsBank updated 8 Oct 2026
Apply at MyState Bank ↗Fees and pricing ↗Terms ↗

At a glance

Base rate
3.00%
Intro rate
5.65% for 4 mo
Monthly fee
$0

How it compares

This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

This account: 3.00%Every other institution's highest, 60 in all

Paid whatever you deposit or spend. One dot per institution, at its highest savings rate with no bonus conditions anyone can apply for; hover or tap a dot for its name.

RateThis accountBest anywhereTypical institutionWhere it sits
No bonus conditionsPaid whatever you deposit or spend3.00%4.80%MoveBank's Online Saver2.25%of 61 institutions20th highest of 61, level with 4 others

Rates

Every rate My State PM Production publishes for this account, 3 in all.

TypeApplies toTermBandRateComparisonConditions
IntroductoryVariable interest rate paid for the first four months for new customers-4 mo intro$1–$500,0005.65%-paid every 1 mo
VariableVariable interest rate paid on the portion of the balance for existing customers and introductory period expiration--$1–$500,0005.25%-paid every 1 mo
VariableVariable interest rate paid on portion of balance--$500,000+3.00%-paid every 1 mo

Rate changes

3 changes logged, newest first.

DateRateWasNowChange
8 Oct 2026Introductory, 4 mo intro, $1–$500,0005.40%5.65%up 0.25
8 Oct 2026Variable, $1–$500,0005.00%5.25%up 0.25
8 Oct 2026Variable, $500,000+2.75%3.00%up 0.25

Each change is logged the night it appears in the rates MyState Bank publishes. See how every lender answered the RBA on the rate tracker.

Fees

19 fees published, grouped by when they're charged.

While you hold it1

  • Monthly account fee
    No fee

When you make a transaction14

  • Bank cheque

    When a bank cheque is requested

    $16
  • BPay
    No fee
  • Cash withdrawal (MyState Bank Branch)
    No fee
  • Direct Debit
    No fee
  • MyState Bank Corporate Cheque
    No fee
  • Overdrawn Account Interest
    0.00% of transaction
  • Pay someone using BSB & account number
    No fee
  • Pay someone using PayId
    No fee
  • PayTo
    No fee
  • Swift & EFT (Outward) within Australia

    Transfer of AUD in Australia that on receipt becomes available to the recipient via SWIFT electronic payments

    $15
  • Swift, Telegraphic & Electronic Transfer (Inward)

    SWIFT electronic payment or inward telegraphic transfer to us from another financial institution.

    $7.50
  • Transfer between your account (MyState Bank branch)
    No fee
  • Transfer between your account
    No fee
  • Transfer to another MyState customer (in MyState Bank branch)
    No fee

When particular things happen4

  • BPAY Query and Correction Fee

    Charged when you request a trace or a correction of a BPAY transaction

    $15
  • Certificates Supplied

    Charged when a certified letter or statement is required

    $10
  • Stop Payment

    Fee applies if we receive a request to stop a payment.

    $30
  • Transaction Trace Fee

    Per transaction or trace search

    $15

Features

Instant paymentsPayIDDigital bankingUnlimited transactions
  • BPAY Payments can be made from Hello Saver
  • No requirement to link a transaction account
  • Direct Debit payments can be made from Hello Saver

Eligibility and limits

None published.

Published by MyState Bank under the Consumer Data Right, last changed by them on 8 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.