In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask an expert
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Macquarie Bank Term Deposit

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.

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 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

In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask an expert

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

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

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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


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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


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Alison Banney Finder

June 22, 2023

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


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les Andrews

June 07, 2023

Can invest from my Self managed Super Fund?


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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.


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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.


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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.


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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.


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