Macquarie Business Savings Account
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- Maximum variable rate
- 4.15% p.a.
- Base interest rate
- 4.15% p.a.
Our verdict
This is a low-fee online business savings account that lets you earn a competitive interest rate.
The Macquarie Business Savings Account is a high interest online account that lets you earn an interest rate of up to 4.15% on your business savings.
This account offers a tiered interest rate based on your account balance. You can earn the maximum rate on balances of up to $250,000. You will earn less interest on any money beyond this.
Pros
-
Industry-leading digital security, ensuring safety of business funds.
Cons
-
No dedicated relationship manager, so personalised banking support may be limited.
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Not suitable for trusts or entities with complex structures, restricting some businesses from using this account.
Details
Key details
| Product Name | Macquarie Savings Account (Business) |
| Maximum Variable Rate | 4.15% p.a. |
| Standard Variable Rate | 4.15% p.a. |
| Monthly Account Fee | $0 |
| Minimum Opening Deposit | $0 |
| Minimum Age | 15 |
Key features
Maximum variable interest rate of 4.15%
This account has a tiered rate structure. You will earn the maximum variable rate on every dollar saved up to $250,000.
Every dollar saved beyond this earns interest, but at a lower rate.
Account fees
This account has no fees.
Minimum and maximum balance
There are no minimum or maximum balances for this account.
Features
This account offers internet banking and instant payments. It does not offer phone banking.
You also have access to Macquarie's banking app.
How to apply
Looking for an alternative to a business savings account?
Want to earn a return on multiple currencies?
Airwallex Yield offers competitive returns* on your AUD and USD business funds.- Earn 3.82% on AUD balances and 3.91% on USD balances, from the one business account.
- Easily move money between your cash account and Yield account when needed.
- No lock-up period - settle funds from Yield into your cash account in 1-2 business days.
Sources
Your reviews
Richard Finder
Senior Money Editor
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