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Macquarie Bank is a merchant bank operating under the Macquarie Group Limited. It provides financial services and products to investors, businesses and governments within the Asia-Pacific, Europe, Africa, America and the Middle East. Macquarie was first established in Australia in 1969 and now, almost 40 years later, the bank continues to report record profits. Their growth is persistent and the institution now employs over 13,000 staff throughout 25 countries. Macquarie Bank is the largest majority Australian-owned investment bank. It is listed on the Australian Stock Exchange (ASX) and its head office is located in Sydney.
Product Details
- Company
-
- Nominal Rate
- 5.5%
- Effective Rate
- 5.61%
- Payment Frequency
- At Maturity
- Maturity Alert
-
- Partial Withdrawal Penalty
- No
Product Features
Automatic rollover y
Whether your term deposit account will automatically roll over to a new account with the same term once it reaches maturity if you do not instruct otherwise
Partial withdrawal n
Partial withdrawal permitted: If this account allows customers to partially redraw on their account without being penalized.
Int paid via other institution n
Whether the interest dividend can be paid into an account held with another financial instituion
