--- title: "Business Online Saver — 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/587ef585-7b27-49aa-8ef7-887a96e92005 source: "CDR Compare" language: en-AU last_updated: 2026-06-18T04:17:03.612996Z --- # Business Online Saver — 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 Business Online Saver bank account is a great way to generate income by investing surplus funds without locking your money away for a set period. With no monthly account keeping fees and convenient access to your bank account 24/7 via Phone and Internet Banking, this savings and investment bank account is the ideal way to manage your business banking needs. ## At a glance - **Base rate:** 0.6% ## Deposit rates | Type | Rate | Applies to | Interest paid | | --- | --- | --- | --- | | Variable (Tiered interest rate is calculated on the credit balance of the account with the highest rate paid on the whole balance.) | 0% | Balance $0–$9,999.99 | monthly | | Variable (Tiered interest rate is calculated on the credit balance of the account with the highest rate paid on the whole balance.) | 0.6% | Balance $10,000+ | monthly | ## Fees | Fee | Type | Amount | | --- | --- | --- | | Transaction Trace Fee — Per Transaction or Trace Search | Event | — | | Transaction Verification Fee, Copy of Sales Voucher — Charged when we are requested to investigate a transaction. The fee will not be charged if we find that the transaction is incorrect. | Event | — | | Foreign Currency Conversion — Visa International will convert all transactions made in foreign currency or processed overseas on the Visa Debit Card into Australian dollars at the foreign exchange rate that applies on the day the transaction is processed by Visa International. A Foreign Currency Conversion fee is payable for all of the following transactions made using your Visa Debit Card: » All transactions made overseas » All transactions in a currency other than Australian dollars » All transactions made in Australia where the merchant is located overseas » All transactions made in Australia where the financial institution or entity processing the transaction is located overseas. Transactions may not be processed to your account on the same day. To the extent permitted by law, you bear the risk of change in exchange rates in the intervening period. Refunds in currencies other than Australian dollars are converted to Australian dollars as at the date they are processed by Visa using exchange rates determined by them. This may lead to the refund being converted using an exchange rate different from the one used to convert the original purchase. The foreign currency conversion fee is not refundable as the fee is applied for facilitating the initial transaction. A conversion fee of 3% of the value of the transaction is payable (of which 2% is payable to Cuscal Limited, the principal member of Visa International under which we provide Visa Debit Cards). | Purchase | — | | Overdrawn Account Interest — Deposit accounts without overdraft arrangements must have a credit balance. We are under no obligation to honour cheques, or allow any withdrawal that would overdraw an account without an approved overdraft facility. If we honour a cheque or debit which overdraws an account, the amount overdrawn (referred to as the credit provided will attract debit interest charged to the account on the last day of the calendar month. This interest which will be charged to your account as 'Overdraft Interest' is calculated on the daily closing debit balance using the current 'Unarranged Borrowing Rate'. Please refer to our Interest Rates for Household and Personal Lending brochure available from any branch or by contacting the Customer Care for the current 'Unarranged Borrowing Rate'. Any credit provided is short term credit and must be repaid within 7 days of being provided. In addition, Overdrawn Administration Fees will be applied. | Event | — | ## Features - **Real-time payments (NPP)** (Send and receive money in less than 60 seconds.) - **PayID** (Send and receive money in less than 60 seconds. Add your mobile number or email address as a PayID and use this in place of your BSB and Account number.) ## Eligibility - **Business customers** (Require a linked MyState business transaction account.) ## Constraints - **Maximum balance** — $1,000,000.00 (Business Online Saver maximum balance per customer $1,000,000 and may be changed by us.) ## More information from MyState Bank - [Overview](https://mystate.com.au/business/savings-investments/business-online-saver/) - [Terms & conditions](https://mystate.com.au/legal/) - [Eligibility](https://mystate.com.au/legal/) - [Fees & pricing](https://mystate.com.au/legal/) ## Data provenance - Published by MyState Bank under the Consumer Data Right - Product ID: `587ef585-7b27-49aa-8ef7-887a96e92005` - Last updated by the provider: 18 June 2026 - Source payload (JSON): https://www.cdrcompare.au/api/raw/mystate-bank/587ef585-7b27-49aa-8ef7-887a96e92005 - 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/587ef585-7b27-49aa-8ef7-887a96e92005) — product data published by Australian data holders under the Consumer Data Right. 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