Macquarie savings and bank accounts

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

4.1 ★★★★★ (136 reviews) Write a review
Macquarie Bank

Macquarie savings accounts, bank accounts and term deposits

Macquarie savings accounts

10 of 10 results
Finder Score Maximum interest rate Base interest rate Max rate type & duration Monthly max rate conditions
Macquarie Bank logo
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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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
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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 $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
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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
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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
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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.
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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
Finder AwardApple Pay Google Pay
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

1 of 1 result
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.

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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 659 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
    margaretDecember 6, 2018

    Is 2.75% TD for 6 months really 2.75% net ? or do you take something off that ?

      Default GravatarFinder
      JohnDecember 10, 2018Finder

      Hi Margaret,

      Thank you for reaching finder.

      The 6 month term deposit of Macquarie bank is tagged at 2.75%. finder does not take anything off of the interest you gain from the term deposit. Hope this helps!

      Cheers,
      Reggie

    Default Gravatar
    CharlesFebruary 7, 2018

    I am looking to enhance returns on monies that I currently have in a Bank Term Deposit which is now due for reinvestment. I am not happy with the current rate of 2.05% offered for a three month term and wish to look at other options without increasing risk or entering into long term.

      Default Gravatar
      JoelFebruary 17, 2018

      Hi Gregory,

      Thanks for leaving a question on Finder.

      There’s no maximum age limit at which you can qualify for a home loan. Australia’s anti-discrimination legislation, namely the Age Discrimination Act 2004 and National Consumer Credit Protection Act 2009, prevents lenders from discriminating against home loan applications due to age.

      However, lenders also need to be sure that anyone they lend to can afford to repay the loan without experiencing any financial hardships. With this in mind, the older you are, the more difficult you might find it to obtain home loan approval. Please use our guide about the maximum age when getting a home loan. If you need anything else, please send us a message anytime.

      Cheers,
      Joel

      Default Gravatar
      JoelFebruary 17, 2018

      Hi Charles,

      Thanks for leaving a question on Finder.

      If you are looking to compare term deposit accounts, you may refer to our list of 3-month term deposits. As of this writing, the highest rate is 2.35% which is comparable to what Macquarie is offering above. If you need anything else aside from this, please send us a message anytime.

      Cheers,
      Joel

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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