In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own.

Macquarie Bank Term Deposit

Macquarie Bank Term Deposit
Interest rate 3 months interest rate
Up to 4.8% p.a.
Minimum opening deposit
$5,000
Account keeping fee
$0
Maximum deposit
$1,000,000

Summary

Earn a competitive 4.65% p.a. on a 1-year term deposit with Macquarie Bank.

The Macquarie Bank Term Deposit is a fixed investment for periods of one month to five years. Lock your funds away for a period of time that suits you and enjoy a fixed interest rate for the life of your term.

Pros

  • Earn a fixed interest rate up to 4.65% p.a.
  • Available for personal use as well as SMSFs, businesses and trusts
  • $0 Account keeping fees
  • Flexible terms from 1 month to 5 years

Cons

  • High minimum investment amount of $5,000
  • 31 days notice required to withdraw funds early

In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question

Details

Key details

Product Name Macquarie Bank Term Deposit
3 month interest rate 4.80%
4 month interest rate 4.75%
6 month interest rate 4.70%
9 month interest rate 4.65%
12 month interest rate 4.65%
24 month interest rate 4.35%
36 month interest rate 4.25%
48 month interest rate 4.25%
60 month interest rate 4.25%
Minimum Opening Deposit $5,000
Minimum age requirement 18
Government guarantee Yes

Eligibility

Minimum Age Requirement 18
Joint account availability Yes
Min Deposit $5,000
Available to children Not available for children

Key features

No fees

Pay no fees to open a Macquarie Bank Term Deposit and pay no monthly account keeping fees.

Terms from 1 month to 5 years

Choose terms ranging from as little as one month to five years. Typically, the longer you lock your money away the more competitive the interest rate is.

Launch term deposit calculator


How to apply

You can apply for this term deposit online in your own name, jointly, in the name of a trust or a self-managed super fund, a company or a business. If you're a new customer, you'll need to verify your identity with Macquarie Bank. The identity verification process can be completed online.

Eligibility

Before beginning the application process online, make sure you meet the account eligibility criteria and have the necessary documents handy.

  • Age. You must be over the age of 18.
  • Residency. You must be an Australian resident with an Australian residential address.

Your reviews

No reviews yet. Write a review

Ask a question

Ask a question
Avatar

Staff Finder

Writer

Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Avatar

Thomas Jacobsen

March 19, 2024

I have $350,000-00 in My Self Managed Super account and wish to deposit it at the best rate gong currently, you were advertising 5.25% on Facebook Market place recently is this still available please. I also have a Personal account I recently opened with Macquarie and have around $630,000.00 to deposit on short term, ( On Call), what is the best rate you can offer =for that please


Show more Show less
Avatar

Sarah Megginson Finder

March 25, 2024

Hi Thomas, we’re a review and comparison site, so we can’t provide personal advice. You can contact Macquarie on (02) 8232 3333.


Avatar

David F

January 23, 2024

Does Macquarie Bank have on line savings accounts for strata trust accounts


Avatar

Sarah Megginson Finder

February 15, 2024

Hi David,


Macquarie has business trust accounts to cater to legal-controlled monies accounts, such as strata sinking and administration funds, individual building accounts, property management, real estate invested sales deposits and retail bonds.


Hope this helps!


Avatar

Peter

June 19, 2023

Hi I have $XXX to invest for 3 months

What is your best rate?


Avatar

Alison Banney Finder

June 22, 2023

Hi Peter, you’ve reached Finder, we are not affiliated with Macquarie Bank. To discuss your rate options for your investment amount we’d suggest getting in touch with the bank directly.

Thanks,

Alison


Avatar

David

June 12, 2023

If we open a 3 month Term deposit for our SMFS is the capital and interest available at maturity? Thanks David


Avatar

Alison Banney Finder

June 22, 2023

Hi David, yes the capital and interest will be available when the account reaches maturity.


Avatar

les Andrews

June 07, 2023

Can invest from my Self managed Super Fund?


Avatar

Alison Banney Finder

June 08, 2023

Hi Les, yes you can open a Macquarie Bank Term Deposit for your SMSF. When applying, select the ‘Joint account holder, Company or Trust’ application option.


Go to site