Macquarie savings and bank accounts

Macquarie Bank has one savings account, transaction account and term deposit available for personal banking customers.

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Macquarie Bank

Macquarie savings accounts, bank accounts and term deposits

Macquarie savings accounts

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Finder Score Maximum interest rate Base interest rate Max rate type & duration Monthly max rate conditions
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Finder score
Finder score
Maximum Variable Rate p.a.
4.60%
Standard Variable Rate p.a.
4.25%
Intro/Ongoing
4 month intro rate
Balance $0 to $250,000
Earn a welcome variable rate of 4.6% p.a. for the first 4 months on balances up to $250k, then 4.25% p.a. ongoing variable rate on balances up to $2m. There are no monthly requirements to earn interest.
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Finder score
Macquarie Cash Management Accelerator Account
Finder score
Maximum Variable Rate p.a.
3.90%
Standard Variable Rate p.a.
3.90%
Intro/Ongoing
Ongoing rate
(conditions apply)
Balance $0 to $1,999,999
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Macquarie Bank logo
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Finder score
Maximum Variable Rate p.a.
2.00%
Standard Variable Rate p.a.
2.00%
Intro/Ongoing
Ongoing rate
(conditions apply)
Balance $0 to $250,000
More info
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Finder score
Finder score
Maximum Variable Rate p.a.
2.00%
Standard Variable Rate p.a.
2.00%
Intro/Ongoing
Ongoing rate
(conditions apply)
Balance $0 to $10,000,000
More info
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Macquarie Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
3.90%
Standard Variable Rate p.a.
3.90%
Intro/Ongoing
Ongoing rate
(conditions apply)
Balance $0 to $250,000
More info
Compare product selection
Macquarie Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
3.90%
Standard Variable Rate p.a.
3.90%
Intro/Ongoing
Ongoing rate
(conditions apply)
Balance $250,000.01 to $2,000,000
More info
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Macquarie Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
3.40%
Standard Variable Rate p.a.
3.40%
Intro/Ongoing
Ongoing rate
(conditions apply)
Balance from $1,000,000
More info
Compare product selection
Macquarie Bank logo
Finder score
Macquarie Cash Management Accelerator Account
Finder score
Maximum Variable Rate p.a.
3.40%
Standard Variable Rate p.a.
3.40%
Intro/Ongoing
Ongoing rate
(conditions apply)
Balance $2,000,000 to $9,999,999.99
More info
Compare product selection
Macquarie Bank logo
Finder score
Macquarie Cash Management Accelerator Account
Finder score
Maximum Variable Rate p.a.
2.25%
Standard Variable Rate p.a.
2.25%
Intro/Ongoing
Ongoing rate
(conditions apply)
Balance $0 to $1,999,999.99
More info
Compare product selection
Macquarie Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
2.00%
Standard Variable Rate p.a.
2.00%
Intro/Ongoing
4 month intro rate
Balance from $2,000,000
Earn a welcome variable rate of 2% p.a. for the first 4 months on balances up to $250k, then 2% p.a. ongoing variable rate on balances up to $2m. There are no monthly requirements to earn interest.
More info
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How the Finder Score helps you find a better savings account

The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.

We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?

Read the full breakdown

Want more interest on your savings?

Compare now and find a better rate.

Macquarie bank accounts

1 of 1 result
Finder Score Monthly fee Govt. Guarantee Own network ATM fee Card type
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Macquarie Bank Transaction Account
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Finder score
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Mastercard
Earn 2.00% p.a. interest on your transaction account balance.
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Finder Score for bank accounts

We assess multiple product features for transaction accounts from over 100 providers and assign each product a score out of 10.

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Looking for a better bank account?

Compare everyday accounts and find one that works harder for you.

Macquarie term deposits

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Finder Score 3 Mths p.a. 6 Mths p.a. 10 Mths p.a. 12 Mths p.a. 24 Mths p.a.
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Finder Score
Macquarie Bank Term Deposit
$5,000 min. deposit
$999,999 max. deposit
Finder Score
3 Mths p.a.
4.15%
6 Mths p.a.
4.25%
10 Mths p.a.
-
12 Mths p.a.
4.25%
24 Mths p.a.
3.60%
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Finder Score for term deposits

Finder Score assigns Term Deposit products a score out of 10, comparing interest rates and features, to make comparison easier. We assess over 150 products from more than 90 providers, assessing products across different terms to determine an average score per product.

Read the full methodology

Lock in a great rate

Compare term deposits to grow your savings with confidence.

Finder Awards badge

Congratulations, Macquarie Bank!

Macquarie Bank was a big winner in the 2025 Finder Awards.

  • Highly commended, Best No Conditions Savings Account: Savings Account
  • Highly commended, Best Global Debit Card: Transaction Account
  • Winner, Best Transaction Account: Transaction Account

Full list of 2025 savings account winners

What do Australians think of Macquarie Bank bank account?

  • 4.03/5 overall for Customer Satisfaction - lower than the average of 4.11
  • 4.42/5 for Trust - lower than the average of 4.43
  • 3.86/5 for Customer Service - lower than the average of 4.07

Based on Macquarie Bank bank account scores in Finder's 2024 & 2025 Customer Satisfaction Awards.

Pros and cons of banking with Macquarie Bank

Pros

  • Specialised wealth services. Not only does Macquarie Bank offer savings and transaction products, it provides expert help for clients making investment choices to build wealth.
  • No fees. There's no account keeping fee, no foreign transaction fee and all ATM fees in Australia are refunded back to you with the Macquarie Transaction Account.
  • Competitive products. Macquarie's savings account rate is often very competitive compared to the big banks, and its transaction account has minimal fees compared to others in the market.
  • Good online features. Macquarie is known for being a digital bank with great online banking and mobile app features.

Cons

  • Limited branch network. Macquarie Bank is focussed on cashless banking and only has 3 branches for depositing cash for its transaction and savings accounts.
  • Small range of products. Macquarie only has a small range of personal banking products available.

How to apply for a Macquarie Bank savings account

Applying online for a new bank account is fast and easy. You'll need identity documents such as your driving licence or passport. For more about the process, check out our full guide to opening an account online.

Sources

Alison Banney's headshot
Written by

Editorial Manager, Money

Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full bio

Alison's expertise
Alison has written 660 Finder guides across topics including:
  • Superannuation
  • Savings accounts, bank accounts and term deposits
  • Budgeting and money-saving hacks
  • Managing the cost of living

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25 Responses

    Default Gravatar
    LarryOctober 20, 2022

    I would like to deposit 25000.00 plus in a Macquarie saving account for months at 4 % which is the best number to call

      Alison Banney's headshotFinder
      AlisonNovember 11, 2022Finder

      Hi Larry,

      You can open a Macquarie Savings Account online without calling or visiting a branch. If you did want to speak to someone about the account before you open it, you can contact the bank at +61 2 8232 3333.

      Thanks,
      Alison

    Default Gravatar
    ArturDecember 1, 2021

    Can I have a statement of my account # 192512-961330636

      Alison Banney's headshotFinder
      AlisonDecember 11, 2021Finder

      Hi Artur,

      Finder is a comparison website and we don’t have access to your bank account information or accounts. Generally, depending on the type of your account, you can download statements from Macquarie Online Banking and the Macquarie Mobile Banking app. If you have trouble downloading your statement we recommend you call Macquarie bank on 1800 806 310 to request a statement.

      Thanks,
      Alison

    Default Gravatar
    SusanSeptember 14, 2021

    Which account would be preferable to open for the management of stocks and share transactions? Macquarie Transaction Account or Macquarie Cash Management Account and is there any interest ascribed to either of these accounts?

      Alison Banney's headshotFinder
      AlisonSeptember 16, 2021Finder

      Hi Susan,

      Of those two accounts, the Macquarie Cash Management Account is specially designed for SMSF trustees, online traders and professional investors. This account also has online trading integration and is SMSF ready. While the Macquarie Transaction Account is designed for personal use for day-to-day transactions and spending.

      Make sure you review the Product Disclosure Statements and Terms & Conditions and consider whether the product is right for you.

      Regards,
      Alison

    Default Gravatar
    KaarenJuly 29, 2019

    I’d like to open a term deposit but do not have any association with the Macquarie Bank. Do I need a savings account or can I directly deposit money into a term deposit. I’d like to do this today.

      Default GravatarFinder
      JeniJuly 30, 2019Finder

      Hi Kaaren,

      Thank you for getting in touch with Finder.

      You must have a savings or Macquarie transaction account before you may open a term deposit account online. Please contact Macquarie Bank directly for more info on opening a term deposit account with them.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

    Default Gravatar
    WendyMay 14, 2019

    What accounts do you offer for business savings? Or can one put funds in a normal savings account under a business name?

      Default GravatarFinder
      MaiMay 15, 2019Finder

      Hi Wendy,

      Thank you for reaching out.

      It would be advisable if your business will be using a business bank account to maintain and grow your business effectively.

      I suggest you visit our Business Banking Finder to compare business banking solutions. There’s a tab above the comparison table where you can toggle depending on what account does your business needs. Once you have chosen a particular account, you may then click on the “Go to site” button and you will be redirected to the bank’s website where you can proceed with your application or get in touch with their representatives for further assistance.

      Hope this helps! 😊

      Kind Regards,
      Mai

Read more on Bank Accounts

  • Macquarie Bank Term Deposit

    Get the certainty of a fixed return when you invest your money in a Macquarie Bank Term Deposit for periods ranging from 1 month to 5 years.

  • Macquarie Transaction Account

    With no fees and easy access to your money, Macquarie Bank makes your everyday transactions simple.

  • Macquarie Bank Savings Account

    Get bonus interest after you open the Macquarie Bank Savings Account and pay no fees to open this account or access your money.

  • Macquarie Cash Management Account

    If you are looking for a secure hub from which to manage your investment funds, the Macquarie Bank Cash Management Account may have the flexibility you need.

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