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Macquarie Bank

Macquarie Bank savings accounts

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.

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Nick Bendel avatar
Nick Bendel
Property & Personal Finance Writer
Content updated10 May, 2021
Product data updated
Fact Checked

Important disclosure

Why choose Macquarie Bank

Benefits

  • No account-keeping fees

Drawbacks

  • Maximum interest rate comes with conditions

Macquarie Bank Savings Accounts

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Monthly deposit

$

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5.10%

2.45%

$24

$208

Rise Online Saver
  • Intro offer rate
  • Online banking

5.35%

4.75%

variable

$26

$280

Macquarie Savings Account

    2024 Award Winner

  • Intro offer rate
  • App banking
  • Online banking
  • Linked account required

Savings Accounts calculator

Use our savings account calculator to see how much you can earn under different investment scenarios.

$
$
months

Your monthly interest earned would be

at interest rate 5.35 %

Total interest earned

$304

Total amount

$6,504

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.