The Finance Algorithm
My State PM Production logoMy State PM Production

Regular Term Deposit

If you have money to invest, and you want reliable investment returns, a term deposit from MyState Bank may be just what you need.

Term depositsBank updated 27 Oct 2026
Product page ↗Fees and pricing ↗Terms ↗

At a glance

Best rate
5.40% for 11m
12 months
5.25%
Min deposit
$5,000

How it compares

This term deposit 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 term deposit: 5.05%Every other institution's highest, 54 in all

Best rate for 3 months. One dot per institution, at its highest 3-month term deposit rate anyone can apply for; hover or tap a dot for its name.

RateThis term depositBest anywhereTypical institutionWhere it sits
3-month term depositBest rate for 3 months5.05%5.30%Heartland Bank's Broker Term Deposit4.60%of 55 institutions10th highest of 55, level with one other
6-month term depositBest rate for 6 months5.00%5.47%Heartland Bank's Broker Term Deposit5.10%of 63 institutions35th highest of 63, level with 4 others
12-month term depositBest rate for 12 months5.25%5.75%Suncorp Bank's Term Deposit5.30%of 65 institutions42nd highest of 65, level with 4 others
2-year term depositBest rate for 2 years5.15%5.60%Judo Bank's Personal Term Deposits4.90%of 55 institutions13th highest of 55, level with 3 others
3-year term depositBest rate for 3 years4.25%5.60%Judo Bank's Personal Term Deposits4.25%of 44 institutions21st highest of 44, level with 6 others

Rates

Every rate My State PM Production publishes for this term deposit, 19 in all.

Its best rate at each term

  1. 1 mo0.50%
  2. 2 mo0.50%
  3. 3 motypical 4.60%5.05%
  4. 4 mo4.90%
  5. 5 mo4.90%
  6. 6 motypical 5.10%5.00%
  7. 7 mo5.00%
  8. 8 mo5.00%
  9. 9 mo5.10%
  10. 10 mo5.10%
  11. 11 mo5.40%
  12. 1 yrtypical 5.30%5.25%
  13. 15 mo3.75%
  14. 2 yrstypical 4.90%5.15%
  15. 3 yrstypical 4.25%4.25%
This term depositTypical institution's best for the term
TypeApplies toTermBandRateComparisonConditions
FixedMinimum balance $5,000-1 mo-0.50%-paid every 1 mo
FixedMinimum balance $5,000-10 mo-5.10%-paid every 10 mo
FixedMinimum balance $5,000-11 mo-5.40%-paid every 11 mo
FixedMinimum balance $5,000-1 yr-4.00%-paid every 1 mo
FixedMinimum balance $5,000-1 yr-5.25%-paid every 1 yr
FixedMinimum balance $5,000-15 mo-3.75%-paid every 15 mo
FixedMinimum balance $5,000-2 mo-0.50%-paid every 2 mo
FixedMinimum balance $5,000-2 yrs-3.40%-paid every 1 mo
FixedMinimum balance $5,000-2 yrs-5.10%-paid every 1 yr
FixedMinimum balance $5,000-2 yrs-5.15%-paid every 2 yrs
FixedMinimum balance $5,000-3 mo-5.05%-paid every 3 mo
FixedMinimum balance $5,000-3 yrs-3.15%-paid every 1 mo
FixedMinimum balance $5,000-3 yrs-4.25%-paid every 1 yr
FixedMinimum balance $5,000-4 mo-4.90%-paid every 4 mo
FixedMinimum balance $5,000-5 mo-4.90%-paid every 5 mo
FixedMinimum balance $5,000-6 mo-5.00%-paid every 6 mo
FixedMinimum balance $5,000-7 mo-5.00%-paid every 7 mo
FixedMinimum balance $5,000-8 mo-5.00%-paid every 8 mo
FixedMinimum balance $5,000-9 mo-5.10%-paid every 9 mo

Rate changes

8 changes logged, newest first.

DateRateWasNowChange
27 Oct 2026Fixed, 11 mo5.35%5.40%up 0.05
27 Oct 2026Fixed, 3 mo4.95%5.05%up 0.10
29 Sept 2026Fixed, 10 mo3.75%5.10%up 1.35
29 Sept 2026Fixed, 11 mo4.60%5.35%up 0.75
29 Sept 2026Fixed, 4 mo3.85%4.90%up 1.05
29 Sept 2026Fixed, 5 mo4.00%4.90%up 0.90
29 Sept 2026Fixed, 7 mo3.85%5.00%up 1.15
29 Sept 2026Fixed, 8 mo3.80%5.00%up 1.20

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

One fee published, grouped by when they're charged.

When particular things happen1

  • Early Withdrawal
    100.00% of interest accrued

Features

None published.

Eligibility and limits

  • Available to individuals
  • Minimum balance $5,000

Published by MyState Bank under the Consumer Data Right, last changed by them on 27 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.