Compare Macquarie Bank Savings Accounts

With Macquarie Bank, you can get expert advice on the best ways to make your money grow.

Macquarie Bank is a part of the Macquarie Group, a worldwide financial services institution. Established in 1969 at a small Sydney office, the focus of Macquarie has always been to provide investment banking services to the Australian Market. Although now at a global level, Macquarie Bank still offers a range of personal financial products.

Rates last updated August 17th, 2017
$
Monthly Account Fee Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Details
Macquarie Transaction Account
Everyday banking with a linked Mastercard and protection against unauthorised transactions.
Mastercard $0 $0 Free access to all domestic ATMs in Australia including the rediATM network. More
Macquarie Platinum Transaction Account
Enjoy $0 international transaction fees with 24/7 complimentary concierge services.
Mastercard $0 Free access to the rediATM network More
Rates last updated August 17th, 2017
$
$
months
Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned
Macquarie Savings Account
Introductory rate of 2.65% p.a. for 4 months, reverting to a rate of 1.30% p.a. Available on balances below $250,000.
2.65% 1.30% 1.35% $0 $0 / More
Macquarie Cash Management Account
Invest your money and have at call access plus pay no account keeping fees.
1.40% 1.40% 0.00% $0 $5,000 / $5,000 More

Rates last updated August 17th, 2017
$
Name Product 3 Mths p.a. 4 Mths p.a. 6 Mths p.a. 12 Mths p.a. 24 Mths p.a. 36 Mths p.a. 48 Mths p.a. 60 Mths p.a. Min Deposit Interest Earned
Macquarie Bank Term Deposit
2.25%
2.10%
2.30%
2.35%
2.30%
2.85%
2.85%
2.90%
$10,000

Compare up to 4 providers

Rates last updated August 17th, 2017
$
Monthly Account Fee Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Details
Macquarie Transaction Account
Everyday banking with a linked Mastercard and protection against unauthorised transactions.
Mastercard $0 $0 Free access to all domestic ATMs in Australia including the rediATM network. More
Macquarie Platinum Transaction Account
Enjoy $0 international transaction fees with 24/7 complimentary concierge services.
Mastercard $0 Free access to the rediATM network More
Rates last updated August 17th, 2017
$
$
months
Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned
Macquarie Savings Account
Introductory rate of 2.65% p.a. for 4 months, reverting to a rate of 1.30% p.a. Available on balances below $250,000.
2.65% 1.30% 1.35% $0 $0 / More
Macquarie Cash Management Account
Invest your money and have at call access plus pay no account keeping fees.
1.40% 1.40% 0.00% $0 $5,000 / $5,000 More

Rates last updated August 17th, 2017
$
Name Product 3 Mths p.a. 4 Mths p.a. 6 Mths p.a. 12 Mths p.a. 24 Mths p.a. 36 Mths p.a. 48 Mths p.a. 60 Mths p.a. Min Deposit Interest Earned
Macquarie Bank Term Deposit
2.25%
2.10%
2.30%
2.35%
2.30%
2.85%
2.85%
2.90%
$10,000

Compare up to 4 providers

Rates last updated August 17th, 2017
$
$
months
Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned
Bankwest Hero Saver
Ongoing, variable 2.65% p.a. rate when you deposit at least $200 each month and make no withdrawals. Available on balances up to $250,000.
2.65% 0.01% 2.64% $0 $0 / $0 Go to site More
ME Online Savings Account
Ongoing, variable 2.95% p.a. rate when you link to a ME Everyday Transaction account and make a weekly purchase with your Debit Mastercard using tap & go. Available on balances up to $250,000.
2.95% 1.30% 1.65% $0 $0 / $0 Go to site More
ANZ Progress Saver
Ongoing, variable 1.81% p.a. when you deposit $10+ each month and make no withdrawals. Available on the entire balance.
1.81% 0.01% 1.80% $0 $10 / $10 Go to site More
HSBC Serious Saver
Introductory rate of 3.00% p.a. for 4 months, reverting to a rate of 1.60% p.a. Available on balances below $1,000,000.
3.00% 1.60% 1.40% $0 $0 / $0 Go to site More
AMP Saver Account
Introductory rate of 2.55% p.a. for 4 months, reverting to a rate of 2.10% p.a. Available on balances below $5,000,000.
2.55% 2.10% 0.45% $0 $0 / $0 Go to site More
ANZ Online Saver
Introductory rate of 2.55% p.a. for 3 months, reverting to 1.00% p.a. Available on the entire balance.
2.55% 1.00% 1.55% $0 $0 / $0 Go to site More
Westpac Reward Saver
Ongoing, variable 1.75% p.a. when you deposit at least $50 and make no withdrawals each month. Available on the entire balance.
1.75% 0.01% 1.74% $0 $0 / $0 Go to site More
Bank of Melbourne Incentive Saver
Ongoing, variable 1.75% p.a. when you make at least one deposit and no withdrawals each month. Available on the entire balance.
1.75% 0.01% 1.74% $0 $1 / $1 Go to site More
Westpac eSaver
Introductory rate of 2.51% p.a. for 5 months, reverting to a rate of 1.00% p.a. Available on the entire balance.
2.51% 1.00% 1.51% $0 $0 / $0 Go to site More
BankSA Incentive Saver Account
Ongoing, variable 1.75% p.a. when you make at least one deposit each month and no withdrawals. Available on the entire balance.
1.75% 0.01% 1.74% $0 $0 / $0 Go to site More
Awards that Macquarie Bank has earned
  • Best Australian Investment Bank – Awarded by the Asset in 2013
  • Best Australian Investment Bank – Awarded by both Global Finance and M&A Advisor in 2013

Who is Macquarie Bank?

With Macquarie Bank you are going to find savings products that are designed to build your personal wealth. With competitive interest rates and accounts that charge no monthly fees, you’ll even find options with online accessibility.

What about the mobile app?

Image Source: App Store
Login pageAccount balanceLocating the near ATMTransaction history
loginmacqacctmacqatmmacqtransactionmacq
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What transaction accounts are offered by Macquarie Bank?

  • Macquarie Transaction Account

The Macquarie Transaction Account does not charge any international purchase fees when you shop online or overseas. There's also no monthly fees and it comes with a competitive interest rate for balances over $5,000.

  • Macquarie Platinum Transaction Account 

With a minimum monthly deposit of $4,000, the Macquarie Platinum Transaction Account allows you to earn interest on balances over $5,000. You can also enjoy concierge services such as restaurant reservations, booking tickets or booking accommodation.

What high interest savings accounts are offered by Macquarie Bank?

  • Cash Management Account

By linking to Macquarie Online Trading, you can quickly transfer the savings in this account into a new investment opportunity. When not invested, your money is still earning interest calculated daily and paid monthly into your account with no monthly fees being charged to you.

This could be an ideal account for an SMSF trustee to manage their investments, or for the online trader who needs a secure way to hold their savings while waiting for a new opportunity. The Cash Management Account allows for direct deposits into the account from your salary or any dividend income, and direct debits to make your periodic payments.

  • Macquarie Savings Account

The Macquarie Savings Account comes with an introductory bonus interest rate of 2.65% p.a. for the first 4 months, reverting to the standard interest rate of 1.30% p.a once the introductory period ends. Link the account to the Macquarie Transaction Account for easy access to your cash.

What term deposits are offered by Macquarie Bank?

The term deposit provided by Macquarie Bank can be linked directly to an existing Cash Management Account to add flexibility to your investment options. Terms begin at one month, and extend to five years, with the fixed competitive rates progressively getting higher. Macquarie lets you to choose when interest payments are made, giving you the chance to earn even more by having interest paid monthly and included in the daily calculations for the next months payment.

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What are the pros and cons when banking with Macquarie Bank?

Pros

  • Specialised services. Not only does Macquarie Bank offer savings products, they are experts at helping clients make investment choices to build wealth.
  • No fees. Your savings grows even quicker without any fees being deducted from the account.
  • Easy money management. You can manage all of your savings and investment accounts with ease using online banking.

Cons

  • Limitations. Focused on savings and investments, everyday banking is not offered by Macquarie Bank.
  • Account minimums. In order to keep an account with Macquarie Bank, you must maintain a minimum ongoing balance of $5,000.
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How do I apply for Macquarie Bank savings account?

You need to compare the accounts offered by Macquarie Bank against others to make sure they suit your personal financial needs and your unique situation. If you decide one of Macquarie's accounts suits your needs, Macquarie makes it easy to apply for their savings accounts with a fast online application and electronic identity verification.

  • Ensure that you qualify. You are able to apply for Macquarie’s savings products online if you are at least 18 years old, have a valid email address and are an Australian resident.
  • Electronic verification. By providing Macquarie Bank with details from your identification documents, such as a passport or driver’s licence, there is no need to fill out any other paperwork. Plus, with the use of electronic signatures on the application, you will be able to begin depositing and managing your money as soon as the account has been opened.
  • Set up direct deposits. You will have the option of setting up direct deposits and debits as you complete the application form.

Macquarie Bank offers savings solutions for investors and serious savers. Compare their terms and benefits with other banks and their products before you make a final choice in where your money will get the best benefit.

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Read more on this topic

Savings Account Offers

Learn about our information service
ME Online Savings Account

Maximum Variable Rate

2.95

Standard Variable Rate

1.30
ANZ Progress Saver

Maximum Variable Rate

1.81

Standard Variable Rate

0.01
AMP Saver Account

Maximum Variable Rate

2.55

Standard Variable Rate

2.10
Bankwest Hero Saver

Maximum Variable Rate

2.65

Standard Variable Rate

0.01

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