Macquarie Bank Term Deposit

- Interest rate 12 months interest rate
- Up to 5.05% p.a.
- Minimum opening deposit
- $5,000
- Account keeping fee
- $0
- Maximum deposit
- $1,000,000
Summary
Earn a competitive 5.05% p.a. on a 1-year term deposit with Macquarie Bank.
Pros
-
Earn a fixed interest rate up to 5.05% 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
Details
Key details
Product Name | Macquarie Bank Term Deposit |
3 month interest rate | 4.85% |
4 month interest rate | 4.85% |
6 month interest rate | 4.95% |
9 month interest rate | 4.95% |
12 month interest rate | 5.05% |
24 month interest rate | 5.00% |
36 month interest rate | 5.00% |
48 month interest rate | 5.00% |
60 month interest rate | 5.00% |
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 |
Your reviews
Staff Finder
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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

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

Alison Banney Finder
June 22, 2023
Hi David, yes the capital and interest will be available when the account reaches maturity.

les Andrews
June 07, 2023
Can invest from my Self managed Super Fund?

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.

Tony Sidis
June 06, 2023
Can I open a term deposit for my family’s superannuation? Looking for a figure of $15K for around six months. The main bank accounts are held with STG.

Sarah Megginson Finder
July 13, 2023
Hi Tony,
Yes, Macquarie Bank confirms that they offer platforms and products to suit a range of SMSF investment strategies, including term deposits. The rate depends on the term; as of today’s date, a 6-month term has an interest rate of 4.85%. When applying, select the ‘Joint account holder, Company or Trust’ application option.
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peter
May 16, 2023
I am trying to invest in a term deposit with Macquarie. I am already a customer with the Bank.

Alison Banney Finder
May 16, 2023
Hi Peter, you should be able to open a new term deposit via your Internet banking portal. If you have any issues, we’d suggest getting in touch with the bank directly to discuss.
Peter
June 19, 2023
Hi I have $XXX to invest for 3 months
What is your best rate?