Be a smarter saver

Macquarie Savings Account


Treat your savings to a welcome variable rate when you add a Savings Account to your Macquarie transaction account.

What’s in a Macquarie Savings Account?

Welcome
variable rate
2.65% pa
for the first four months on up to $250,000 deposited.
Standard stepped variable rates from 1.10% pa effective from 1 January 2018
After four months, our competitive standard stepped variable rates apply as shown below
Only available with a Macquarie Transaction Account

Earn a welcome variable rate on the first $250,000 deposited, for the first four months after opening your new Savings Account. After four months, our competitive standard stepped variable rates apply, based on your balance.

Using our online and mobile banking, you can transfer cash from your Macquarie Savings Account to any Australian bank account, make BPAY payments, set up direct debits and scheduled payments.

If you’re transferring funds to your Macquarie Transaction Accounts, you can then withdraw your cash immediately from ATMs and EFTPOS terminals.

The Australian Government guarantees aggregated deposits with Australian authorised deposit-taking institutions, including Macquarie Bank, of up to $A250,000.1

With no monthly account fee, every dollar you deposit brings your savings goals closer.

We're here to help 24/7. Just call our service team on 13 31 74.

Welcome variable rate: 2.65% pa

Standard stepped variable rates:

BalanceInterest Rate
effective 1 January 2018
$0.00 ‐ $24,999.99 1.10% pa
$25,000.00 ‐ $99,999.99 2.10% pa
$100,000.00 ‐ $249,999.99 2.10% pa
$250,000.00 ‐ $999,999.99 2.10% pa
$1,000,000 and above 1.10% pa

The higher welcome variable rate lasts for four months from the day you open your account, for up to $250,000. You can only benefit from the welcome variable rate offer on one account per person (whether the account is in single or joint names). After four months, our competitive standard stepped variable rates apply, based on your balance.

Each standard stepped variable rate applies to the portion of the total balance that falls within that balance bracket.

There is no overdraft facility offered on this account. If your account has a negative balance, you will be charged interest at the overdrawn rate of 16.40% pa2

Please check Macquarie transaction and savings accounts interest rates, fees, limits and lodgement times for further details on the interest rates.

Get the added security of real time notifications

Each time a you make a transaction on your Macquarie credit or debit card, the mobile banking app will alert you with a push notification, so you know the correct transaction has been processed either instore or online. For foreign currency transactions, the alert shows the spend amount in local currency and Australian dollars.

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