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Savings Account

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Pros and Cons

Pros:
  • Has branch access
  • Has no ongoing fees
  • Has no minimum balances
Cons:
  • Must satisfy conditions

Macquarie Bank savings accounts rates

Savings Term
$0 - $24,999
$25,000 - $99,999
$100,000 - $249,999
4 months 2.05%1.05%1.05%

Features

Fees

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. Accounts with a balance of at least $25,000 earn a higher interest rate than those under $25,000. 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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