The Macquarie Savings Account is only available with a Macquarie Transaction Account. It has no monthly account-keeping fees and offers bonus interest for the first four months.
The welcome variable rate applies on your first savings account, on balances less than $250,000.00. After four months, and on additional savings accounts, the standard stepped variable rates apply.
Macquarie Bank also offers term deposits, credit cards, home loans, car loans and investment services.
Macquarie began life in Sydney in 1969, as Hill Samuel Australia. It obtained a banking licence in 1985 and listed on the stock exchange in 1996. It now operates in 27 countries.