Macquarie Savings Account
Savings account, no monthly conditions
12 or older
5.25%p.a.
No monthly conditions
A high-interest online savings account with no monthly fees, easy withdrawals and award-winning digital banking.
Macquarie savings account and term deposit rates
Macquarie Bank Limited · Online bank
Macquarie's best ongoing savings rate is 5.25% p.a. on Macquarie Savings Account. Its best term deposit pays 5.40% p.a. for 12 months on $5,000 or more.
Verified 2 Nov 2026
Key facts
- Top savings rate
- 5.25% p.a.
- Best term deposit
- 5.40% p.a. for 12 months
- Minimum term deposit
- $5,000
- Deposit protection
- $250,000 per account holder
- Credit cards
- 3 cards from Macquarie
Macquarie Savings Account
Macquarie Term Deposit, interest paid at maturity
For new term deposits
Financial Claims Scheme
In our credit card catalog
What would your money earn at Macquarie?
Type any amount and pick an account. Estimates are before tax and assume the rate stays the same.
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Account
Fixed for the term. From $5,000.
Interest over 12 months
$1,350
5.40% p.a., interest paid at maturity.
Macquarie 12-month Macquarie Term Deposit$1,350
Bank Australia Term Deposit, 5.60% p.a.$1,400
That is $50 less than the best 12-month term deposit in Australia would pay on the same amount.
Macquarie rates
Every rate is variable. Bonus rates show as the total you earn, with the base and bonus parts underneath.
Macquarie Cash Management Account
Savings account, no monthly conditions
18 or older
3.00%p.a.
No monthly conditions
The Macquarie Cash Management Account is the centre of your wealth ecosystem and benefit from transparency, detailed reporting and zero account keeping fees.
Macquarie Term Deposit
| Term | $5,000 and over |
|---|---|
| 1 month | 2.10% |
| 2 months | 2.10% |
| 3 months | 5.10% |
| 4 months | 5.10% |
| 6 months | 5.25% |
| 9 months | 5.30% |
| 12 monthsBest rate | 5.40% |
| 2 years | 2.00% |
| 3 years | 2.00% |
| 4 years | 2.00% |
| 5 years | 2.00% |
Interest paid at maturity. Terms longer than 12 months pay interest once a year. New term deposits start at $5,000.
Macquarie Digital Term Deposit
| Term | $25,000 and over |
|---|---|
| 3 months | 5.10% |
| 6 months | 5.25% |
| 9 months | 5.30% |
| 12 monthsBest rate | 5.40% |
Interest paid at maturity. New term deposits start at $25,000.
How Macquarie compares with other banks in Australia
Every bank we track in Australia, ranked by its best ongoing savings rate, with its 12-month term deposit. Verified 2 Nov 2026.
| # | Bank | Top savings rate | 12-month term deposit |
|---|---|---|---|
| 1 |  ING | 5.75% p.a.Savings Maximiser, monthly conditions | 5.30% p.a.Personal Term Deposits |
| 2 |  St.George | 5.40% p.a.Incentive Saver, monthly conditions | 4.75% p.a.Term Deposit |
| 3 |  Bank Australia | 5.35% p.a.Bonus Saver, monthly conditions | 5.60% p.a.Term Deposit |
| 4 |  Teachers Mutual Bank | 5.35% p.a.Momentum Saver, monthly conditions | 5.35% p.a.Term Deposit |
| 5 |  ANZ | 5.35% p.a.ANZ Plus Growth Saver, monthly conditions | 5.30% p.a.ANZ Advance Notice Term Deposit |
| 6 |  Bankwest | 5.35% p.a.Hero Saver, monthly conditions | 5.30% p.a.Bankwest Term Deposit |
| 7 |  Virgin Money | 5.30% p.a.Virgin Money Boost Saver, monthly conditions | Not published |
| 8 | Macquarie | 5.25% p.a.Macquarie Savings Account | 5.40% p.a.Macquarie Term Deposit |
| 9 |  CommBank | 5.25% p.a.GoalSaver, monthly conditions | 5.30% p.a.Standard Term Deposit |
| 10 |  NAB | 5.25% p.a.NAB Reward Saver, monthly conditions | 5.30% p.a.NAB Term Deposit |
| 11 |  Westpac | 5.25% p.a.Westpac Life, monthly conditions | 5.30% p.a.Term Deposit |
| 12 |  BOQ | 5.00% p.a.Simple Saver Account | 5.40% p.a.myBOQ Term Deposit |
| 13 |  Bendigo Bank | 5.00% p.a.Bendigo Reward Saver, monthly conditions | 4.90% p.a.Standard Term Deposit |
| 14 |  Beyond Bank | 4.90% p.a.Purple Bonus Saver, monthly conditions | 4.90% p.a.Term Deposit |
Who can open them, and how safe is the money?
Who can open each account
- Macquarie Savings Account
- 12 or older
- Macquarie Cash Management Account
- 18 or older
- Macquarie Term Deposit
- 18 or older, from $5,000
- Macquarie Digital Term Deposit
- 18 or older, from $25,000
Is my money protected?
The Australian Government's Financial Claims Scheme covers deposits at Macquarie up to $250,000 per account holder.
Questions about Macquarie savings and term deposits
Community
Macquarie savers will soon be able to report whether their bonus rate paid out each month, and ask other savers questions.
Cards issued by Macquarie
Other banks in Australia
- INGSavings 5.75% p.a.12-month 5.30% p.a.
- St.GeorgeSavings 5.40% p.a.12-month 4.75% p.a.
- BankwestSavings 5.35% p.a.12-month 5.30% p.a.
- Teachers Mutual BankSavings 5.35% p.a.12-month 5.35% p.a.
- ANZSavings 5.35% p.a.12-month 5.30% p.a.
- Bank AustraliaSavings 5.35% p.a.12-month 5.60% p.a.
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