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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
Nick Bendel

Property & Personal Finance Writer

Content updated

Product data updated

Why choose Macquarie Bank

Benefits

  • No account-keeping fees

Drawbacks

  • Maximum interest rate comes with conditions

Macquarie Bank Savings Accounts

Savings Accounts calculator

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

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The result provided is an estimate only. Please read our Calculator Assumptions and Disclaimer for more information.

Your savings at the end of the term would be

$0

Total interest earned

$0

  1. This calculator provides an estimate of how much you would earn in interest based on your initial deposit (made at the end of the first period), regular deposits (credited to the savings account at the end of a period), interest rate and savings period.
  2. The Present Value provided by this calculator is displayed as the amount labelled 'Your savings at the end of the term'.
  3. Calculations assume that details entered into the calculator, including interest rates, do not change for the savings period. ‘Savings period’ assumes equal length of time.
  4. While standard interest rates are an annual percentage, the interest earned here is based on a daily calculation and paid monthly.
  • The calculation rounds off the savings amount to the closest dollar value.
  • All calculations are estimates only. All results are based solely upon the data entered into the calculator.
  • Calculator does not include all fees and charges.
  • Calculator does not account for changes to interest rates over time.
  • This calculator is for information purposes only, is general and has not taken into account your personal circumstances. Consider whether you need financial advice from a qualified adviser.  Read our full disclaimer.

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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.