The Finance Algorithm
My State PM Production logoMy State PM Production

Bonus Saver

Enjoy bonus interest when you deposit $20 or more in to your Bonus Saver Account and make 5 or more eligible VISA Debit card transactions from your linked account each month. Take your money out as often as you need without losing the bonus interest you've already earned.

Savings & transaction accountsBank updated 8 Oct 2026

At a glance

Up to
5.20%
Bonus rate
5.20%

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: 5.20%Every other institution's highest, 50 in all

Base plus bonus, when every condition is met. One dot per institution, at its highest bonus savings rate anyone can apply for; hover or tap a dot for its name.

RateThis accountBest anywhereTypical institutionWhere it sits
Bonus savings accountBase plus bonus, when every condition is met5.20%5.75%Defence Bank Limited's iSaver5.25%of 51 institutions29th highest of 51, level with 2 others

Rates

Every rate My State PM Production publishes for this account, 2 in all.

How the rate is made up

5.20%in a month every condition is met

0.00% base rate5.20% bonus, when its conditions are met
TypeApplies toTermBandRateComparisonConditions
BonusEligible deposit and Visa transactions are described on our web site.---5.20%-paid every 1 mo; Enjoy bonus interest when an eligible deposit of $20 or more in to your Bonus Saver Account and make 5 or more eligible VISA Debit card transactions from your linked account each month.
Bundle bonusEnjoy bonus interest when an eligible deposit of $20 or more in to your Bonus Saver Account and make 5 or more eligible VISA Debit card transactions from your linked account each month.--up to $500,0005.25%-paid every 1 mo; Linked MyState Bank Glide Account or Basic Account

Rate changes

2 changes logged, newest first.

DateRateWasNowChange
8 Oct 2026Bonus4.95%5.20%up 0.25
8 Oct 2026Bundle bonus, up to $500,0005.00%5.25%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.

Features

Instant paymentsPayIDDigital banking

Eligibility and limits

  • Minimum age 13
  • Available to individuals
  • To be linked to a MyState Bank Glide Account, Everyday Account or Basic Account.

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.