---
title: "Hello Saver account — MyState Bank"
description: "Transaction & Savings Accounts from MyState Bank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/mystate-bank/products/13002307
source: "CDR Compare"
language: en-AU
last_updated: 2026-06-17T06:05:41.553619Z
---

# Hello Saver account — MyState Bank

> Transaction & Savings Accounts from MyState Bank. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Transaction & Savings Accounts · My State PM Production**

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.

## At a glance

- **Base rate:** 5%
- **Intro rate:** 5.4% (conditions apply)

## Apply

Applications are handled by the provider: [Apply at MyState Bank](https://mystate.com.au/bank-accounts/saving-accounts/hello-saver-account/)

## Deposit rates

| Type | Rate | Applies to | Interest paid |
| --- | --- | --- | --- |
| Variable (Variable interest rate paid on portion of balance) | 2.75% | >$500k | monthly |
| Variable (Variable interest rate paid on the portion of the balance for existing customers and introductory period expiration) | 5% | <$500k | monthly |
| Introductory · 4 months (Variable interest rate paid for the first four months for new customers) | 5.4% | Welcome Rate $1–$500,000 | monthly |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| BPay | Transaction | — |
| BPAY Query and Correction Fee — Charged when you request a trace or a correction of a BPAY transaction | Event | — |
| MyState Bank Corporate Cheque | Transaction | — |
| Bank cheque — When a bank cheque is requested | Transaction | — |
| Swift & EFT (Outward) within Australia — Transfer of AUD in Australia that on receipt becomes available to the recipient via SWIFT electronic payments | Transaction | — |
| Stop Payment — Fee applies if we receive a request to stop a payment. | Event | — |
| Swift, Telegraphic & Electronic Transfer (Inward) — SWIFT electronic payment or inward telegraphic transfer to us from another financial institution. | Transaction | — |
| Overdrawn Account Interest | Transaction | — |
| Transaction Trace Fee — Per transaction or trace search | Event | — |
| Certificates Supplied — Charged when a certified letter or statement is required | Event | — |
| Monthly account fee — Charged monthly | Ongoing | — |
| Transfer to another MyState customer (in MyState Bank branch) | Transaction | — |
| Transfer between your account (MyState Bank branch) | Transaction | — |
| Cash withdrawal (MyState Bank Branch) | Transaction | — |
| PayTo | Transaction | — |
| Direct Debit | Transaction | — |
| Pay someone using PayId | Transaction | — |
| Transfer between your account | Transaction | — |
| Pay someone using BSB & account number | Transaction | — |

## Features

- **Digital banking** (Access available through online banking and mobile app.)
- **PayID**
- **Real-time payments (NPP)**
- **Unlimited transactions** (Unlimited day to day transactions including transfers between your accounts, BPAY, Direct Debit, PayTo, PayID, scheduled payments)
- **BPAY Payments can be made from Hello Saver**
- **No requirement to link a transaction account**
- **Direct Debit payments can be made from Hello Saver**

## More information from MyState Bank

- [Terms & conditions](https://mystate.com.au/wp-content/uploads/terms.pdf)
- [Fees & pricing](https://mystate.com.au/wp-content/uploads/fees_savings.pdf)

## Data provenance

- Published by MyState Bank under the Consumer Data Right
- Product ID: `13002307`
- Last updated by the provider: 17 June 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/mystate-bank/13002307
- Provider page: https://www.cdrcompare.au/brands/mystate-bank
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000432

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/mystate-bank/products/13002307) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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