Why choose Macquarie Bank

Benefits

  • High rates for longer-term deposits
  • Variety of interest payment options

Drawbacks

  • Low rates for shorter-term deposits

Macquarie Bank Term Deposits

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Deposit term (in months)

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4.85%

for 3 months

$5,000

4.85%

for 3 months

0.85%

for 2 months

Term Deposit
  • 3 months
  • Automatic maturity rollover
  • Joint application available
  • Maturity alert by email

Term Deposits calculator

Use our term deposit calculator to see how much you can earn under different investment scenarios.

$
months

Final balance at the end of term would be

at interest rate 0.05 %

About Macquarie Bank term deposits

Macquarie Bank offers term deposits from 1 month to 5 years. Interest is paid monthly, quarterly, annually or at maturity.

Its term deposit rates range from low for shorter-term deposits, through to moderate and high for longer-term deposits. 

Macquarie Bank does not charge any monthly service fees. However, early termination or break fees may apply. 

Macquarie Bank term deposits review

Macquarie Bank may be a competitive choice for customers looking to store their savings for more than a short term. The higher interest rates are reserved for customers looking to longer-term deposits. 

Macquarie Bank offers a variety of interest payment options, including quarterly, which is not as common across term deposit providers.  

As well as term deposits, Macquarie Bank also offers a range of other financial products, including home loans and car loans. If you like to have all of your financial products with one provider, this may make Macquarie Bank a worthwhile choice. 

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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.