The Mac savings account and term deposit rates

Macarthur Credit Union Ltd, trading as The Mac · Credit union

The Mac's best ongoing savings rate is 2.00% p.a. on eSaver. Its best term deposit pays 5.20% p.a. for 12 months on $500 or more.

Verified 4 Nov 2026

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Key facts

Top savings rate: 2.00% p.a.
Best term deposit: 5.20% p.a. for 12 months
Minimum term deposit: $500
Deposit protection: $250,000 per account holder

What would your money earn at The Mac?

Type any amount and pick an account. Estimates are before tax and assume the rate stays the same.

Amount

Try

Account

Fixed for the term. From $500.

Interest over 12 months

$1,300

5.20% p.a., interest paid at maturity.

The Mac 12-month Mini Mac Term Deposit$1,300

Bank Australia Term Deposit, 5.60% p.a.$1,400

That is $100 less than the best 12-month term deposit in Australia would pay on the same amount.

See what your own balance actually earned

The Mac rates

Every rate is variable. Bonus rates show as the total you earn, with the base and bonus parts underneath.

eSaver

Savings account, no monthly conditions

Any age

2.00%p.a.

No monthly conditions

eSaver

Freedom Years

For retirees and pensioners

65 or older

1.60%p.a.

No monthly conditions

FREEDOM YEARS

Mini Mac Term Deposit

Mini Mac Term Deposit rates, interest paid at maturity
Term	$500 to $1,000,000
12 monthsBest rate	5.20%

Interest paid at maturity. New term deposits start at $500.

Youth Saver Term Deposit

Youth Saver Term Deposit rates, interest paid at maturity
Term	$500 to $1,000,000
12 monthsBest rate	5.20%

Interest paid at maturity. New term deposits start at $500.

Term Savings

Term Savings rates, interest paid at maturity
Term	$2,000 to $4,999	$5,000 to $1,000,000	$100,000 to $1,000,000
3 months	Not offered	3.50%	3.50%
4 months	Not offered	Not offered	0.00%
5 months	Not offered	Not offered	0.00%
6 monthsStand-out term	Not offered	4.90%	4.90%
8 months	Not offered	Not offered	0.00%
9 monthsStand-out term	Not offered	5.00%	5.00%
11 months	Not offered	Not offered	0.00%
12 monthsBest rate	0.70%	5.20%	5.20%
13 months	Not offered	Not offered	0.00%
2 years	Not offered	3.70%	3.70%

Interest paid at maturity. Terms longer than 12 months pay interest once a year. New term deposits start at $2,000.

Compare 12-month term deposits at every bank in Australia

How The Mac 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 4 Nov 2026.

Savings and 12-month term deposit rates at every bank in Australia, 4 Nov 2026
#	Bank	Top savings rate	12-month term deposit
1	RACQ Bank	6.01% p.a.Bonus Saver Account, monthly conditions	5.35% p.a.Term Deposit
2	MoveBank	5.75% p.a.Growth Saver, monthly conditions	5.35% p.a.Term Deposit
3	ING	5.75% p.a.Savings Maximiser, monthly conditions	5.30% p.a.Personal Term Deposits
4	Rabobank	5.65% p.a.PremiumSaver, monthly conditions	5.25% p.a.Online Term Deposit
5	Judo Bank	5.60% p.a.Personal Savings Account, monthly conditions	5.45% p.a.Personal Term Deposits
6	QBANK	5.60% p.a.Intro Saver	5.05% p.a.Term Deposit
7	Up	5.60% p.a.Up Saver, monthly conditions	Not published
8	People First Bank	5.55% p.a.Dream Fund, monthly conditions	5.20% p.a.Term Deposit
9	AMP Bank	5.50% p.a.AMP Bank GO Save	5.55% p.a.AMP Bank GO Term Deposit
10	BCU Bank	5.50% p.a.Boss Saver, monthly conditions	5.30% p.a.Term Deposit
11	P&N Bank	5.50% p.a.Savvy Saver Account, monthly conditions	5.30% p.a.Term Deposit
12	Great Southern Bank	5.50% p.a.Home Saver, monthly conditions	5.10% p.a.Platinum Plus Term Deposit
13	Bank of Melbourne	5.40% p.a.Incentive Saver, monthly conditions	4.75% p.a.Term Deposit
14	BankSA	5.40% p.a.Incentive Saver, monthly conditions	4.75% p.a.Term Deposit
15	St.George	5.40% p.a.Incentive Saver, monthly conditions	4.75% p.a.Term Deposit
16	Bank Australia	5.35% p.a.Bonus Saver, monthly conditions	5.60% p.a.Term Deposit
17	Suncorp Bank	5.35% p.a.Growth Saver Account, monthly conditions	5.40% p.a.Term Deposit
18	Australian Mutual Bank	5.35% p.a.Momentum Saver account, monthly conditions	5.35% p.a.Term Deposit
19	Firefighters Mutual Bank	5.35% p.a.Momentum Saver, monthly conditions	5.35% p.a.Term Deposit
20	Health Professionals Bank	5.35% p.a.Momentum Saver, monthly conditions	5.35% p.a.Term Deposit
21	Teachers Mutual Bank	5.35% p.a.Momentum Saver, monthly conditions	5.35% p.a.Term Deposit
22	UniBank	5.35% p.a.Momentum Saver, monthly conditions	5.35% p.a.Term Deposit
23	ANZ	5.35% p.a.ANZ Plus Growth Saver, monthly conditions	5.30% p.a.ANZ Advance Notice Term Deposit
24	Bankwest	5.35% p.a.Hero Saver, monthly conditions	5.30% p.a.Bankwest Term Deposit
25	Police Credit Union	5.35% p.a.Focus Saver Account, monthly conditions	4.00% p.a.Term Deposit
26	ubank	5.35% p.a.Save account, monthly conditions	Not published
27	Bank First	5.30% p.a.First Home Bonus Saver Account, monthly conditions	5.50% p.a.Term Deposit
28	Hume Bank	5.30% p.a.Reward Saver, monthly conditions	5.40% p.a.Term Deposit
29	Bank of us	5.30% p.a.Save up, monthly conditions	5.30% p.a.Fixed Term Investment
30	Defence Bank	5.30% p.a.Max E Saver, monthly conditions	5.30% p.a.Term Deposit
31	Easy Street	5.30% p.a.Flex Saver	Not published
32	Virgin Money	5.30% p.a.Virgin Money Boost Saver, monthly conditions	Not published
33	Dnister Bank	5.25% p.a.Max Saver, monthly conditions	5.55% p.a.Term Deposit
34	Macquarie	5.25% p.a.Macquarie Savings Account	5.40% p.a.Macquarie Term Deposit
35	Bank of Sydney	5.25% p.a.BOS Saver	5.30% p.a.Term Deposit
36	CommBank	5.25% p.a.GoalSaver, monthly conditions	5.30% p.a.Standard Term Deposit
37	NAB	5.25% p.a.NAB Reward Saver, monthly conditions	5.30% p.a.NAB Term Deposit
38	Westpac	5.25% p.a.Westpac Life, monthly conditions	5.30% p.a.Term Deposit
39	MyState Bank	5.25% p.a.Bonus Saver, monthly conditions	5.25% p.a.Regular Term Deposit
40	Regional Australia Bank	5.25% p.a.Savings Booster Account, monthly conditions	5.25% p.a.Term Savings
41	bankWAW	5.20% p.a.WAW Bonus Saver, monthly conditions	5.35% p.a.Limited Offer Term Deposit
42	Southern Cross Credit Union	5.20% p.a.Star Saver, monthly conditions	5.30% p.a.Term Deposit
43	Australian Military Bank	5.10% p.a.Online Saver, monthly conditions	5.40% p.a.Teen Plus Term Deposit
44	BOQ	5.00% p.a.Simple Saver Account	5.40% p.a.myBOQ Term Deposit
45	NPNewcastle Permanent	5.00% p.a.Smart Saver Account, monthly conditions	5.40% p.a.Term Deposit
46	The Capricornian	5.00% p.a.Bonus Saver Account, monthly conditions	5.20% p.a.Term Deposit
47	Bendigo Bank	5.00% p.a.Bendigo Reward Saver, monthly conditions	4.90% p.a.Standard Term Deposit
48	Beyond Bank	4.90% p.a.Purple Bonus Saver, monthly conditions	4.90% p.a.Term Deposit
49	Woolworths Team Bank	4.90% p.a.Bonus Saver Account, monthly conditions	4.00% p.a.Term Deposit
50	Unity Bank	4.85% p.a.Bonus Saver Account, monthly conditions	5.50% p.a.Term Deposit
51	Goulburn Murray Credit Union	4.80% p.a.Advantage Saver, monthly conditions	5.15% p.a.Fixed Term Deposit
52	Border Bank	4.80% p.a.Bonus Saver Account, monthly conditions	5.00% p.a.Term Deposit
53	Police Bank	4.80% p.a.Bonus Saver Account, monthly conditions	5.00% p.a.Term Deposit
54	Summerland Bank	4.75% p.a.Bonus Saver, monthly conditions	5.25% p.a.Fixed Term Deposit
55	Community First Bank	4.60% p.a.Goal Saver, monthly conditions	5.60% p.a.Term Deposit Special
56	Gateway Bank	4.60% p.a.Goal Saver, monthly conditions	5.55% p.a.Term Deposit
57	ME Bank	4.60% p.a.SaveME, monthly conditions	5.50% p.a.ME Go Term Deposit
58	Bank Orange	4.60% p.a.Online Saver	5.35% p.a.Fixed Term Deposit Wealth Builder
59	Heartland Bank	4.55% p.a.MySavings account	5.55% p.a.Term Deposit
60	Queensland Country Bank	4.55% p.a.Bonus Saver, monthly conditions	5.30% p.a.Fixed Term Deposit
61	BNK Bank	4.50% p.a.Cash Management Account	5.40% p.a.Stow It Term Deposit Account
62	Alex Bank	4.50% p.a.Savings	5.30% p.a.Term Deposit - Direct
63	Greater Bank	4.25% p.a.Bonus Saver	5.40% p.a.Term Investment
64	The Mutual Bank	4.25% p.a.Bonus Saver, monthly conditions	5.30% p.a.Term Deposit
65	HSBC	4.25% p.a.Bonus Savings Account, monthly conditions	2.90% p.a.Term Deposit
66	Laboratories Credit Union	4.01% p.a.Savvy Saver, monthly conditions	4.60% p.a.Fixed Term Deposit
67	Northern Inland Credit Union	4.00% p.a.Bonus Saver, monthly conditions	4.90% p.a.Term Deposit
68	Credit Union SA	3.75% p.a.Bonus Savings Account, monthly conditions	5.30% p.a.Term Deposit
69	Auswide Bank	3.56% p.a.Bonus Plus Saver, monthly conditions	5.25% p.a.National Seniors Term Deposit
70	First Option Bank	3.55% p.a.Save Account	5.50% p.a.Fixed Term Deposit
71	BOQ Specialist	3.50% p.a.Private Access Account	5.35% p.a.Term Deposit
72	Fire Service Credit Union	3.50% p.a.High Interest	4.50% p.a.Fixed Term Deposit
73	IMB Bank	3.45% p.a.Reward Saver Account, monthly conditions	5.30% p.a.Term Deposit
74	Horizon Bank	3.25% p.a.Horizon Direct	5.10% p.a.Term Deposit
75	Darling Downs Bank	3.15% p.a.Cash Manager Online	5.40% p.a.Fixed Term Deposits
76	Cairns Bank	3.00% p.a.Online Saver account	5.25% p.a.Term Deposit
77	Coastline Bank	3.00% p.a.Coastline Savings Account	5.05% p.a.Gold Member Fixed Term Deposit
78	Arab Bank Australia	3.00% p.a.Personal Online Savings Account	3.40% p.a.Fixed Term Deposit - Personal
79	Revolut	3.00% p.a.Revolut Instant Access Savings	Not published
80	Geelong Bank	2.96% p.a.iSaver, monthly conditions	5.40% p.a.Term Deposit
81	Transport Mutual Credit Union	2.25% p.a.Premium Savers Account	3.25% p.a.Term Deposit
82	The Mac	2.00% p.a.eSaver	5.20% p.a.Mini Mac Term Deposit
83	SWSbank	2.00% p.a.Online Saver	5.00% p.a.Term Deposit
84	Broken Hill Bank	1.70% p.a.eCall Savings Account	5.00% p.a.Fixed Term Deposit

Who can open them, and how safe is the money?

Who can open each account

eSaver: Any age
Freedom Years: 65 or older
Mini Mac Term Deposit: Under 19, from $500
Youth Saver Term Deposit: Under 19, from $500
Term Savings: Any age, from $2,000

Is my money protected?

The Australian Government's Financial Claims Scheme covers deposits at The Mac up to $250,000 per account holder.

Questions about The Mac savings and term deposits

What is The Mac's highest savings rate?

eSaver, at 2.00% p.a. on 4 Nov 2026.

What is the The Mac 12-month term deposit rate?

5.20% p.a. on new deposits of $500 or more, with interest paid at maturity.

Which The Mac term deposit term pays the most?

12 months, at 5.20% p.a. with interest paid at maturity, on 4 Nov 2026.

Is my money safe with The Mac?

Deposits at The Mac are covered by the Australian Government's Financial Claims Scheme up to $250,000 per account holder.

Where do these rates come from?

From the product details The Mac publishes under the Consumer Data Right, which Woodo checks every day. We last verified them on 4 Nov 2026. The Mac does not pay Woodo, and no payment can change the order of any list.

Community

The Mac savers will soon be able to report whether their bonus rate paid out each month, and ask other savers questions.

Other banks in Australia

RACQ BankSavings 6.01% p.a.12-month 5.35% p.a.
INGSavings 5.75% p.a.12-month 5.30% p.a.
MoveBankSavings 5.75% p.a.12-month 5.35% p.a.
RabobankSavings 5.65% p.a.12-month 5.25% p.a.
UpSavings 5.60% p.a.12-month Not published
Judo BankSavings 5.60% p.a.12-month 5.45% p.a.

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