MacquarieMacquarie Savings Account
A high-interest online savings account with no monthly fees, easy withdrawals and award-winning digital banking.
At a glance
- Base rate
- 4.60%
How it compares
This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This account | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| No bonus conditionsPaid whatever you deposit or spend | 4.60% | 4.80%MoveBank's Online Saver | 2.25%of 61 institutions | 3rd highest of 61 |
Rates
Every rate Macquarie publishes for this account, 6 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | - | - | up to $25,000 | 5.25% | - | paid every 1 mo |
| Variable | - | - | $2,000,000–$5,000,000 | 4.60% | - | paid every 1 mo |
| Variable | - | - | $25,000–$50,000 | 5.25% | - | paid every 1 mo |
| Variable | - | - | $250,000–$2,000,000 | 5.05% | - | paid every 1 mo |
| Variable | - | - | $50,000–$250,000 | 5.25% | - | paid every 1 mo |
| Variable | - | - | $5,000,000+ | 4.60% | - | paid every 1 mo |
Rate changes
3 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 15 Oct 2026 | Variable, up to $250,000 | 5.00% | 5.25% | up 0.25 |
| 15 Oct 2026 | Variable, $2,000,000+ | 2.75% | 4.60% | up 1.85 |
| 15 Oct 2026 | Variable, $250,000–$2,000,000 | 5.00% | 5.05% | up 0.05 |
Each change is logged the night it appears in the rates Macquarie Bank Limited publishes. See how every lender answered the RBA on the rate tracker.
Fees
2 fees published, grouped by when they're charged.
When you make a transaction1
- Online Payments
We don't charge Transaction or Online Payment Fees.
No fee
If a payment is late or fails1
- Dishonour fees
We don't charge dishonour fees.
No fee
Features
- You can open up to a total of 10 Transaction or Savings Accounts.
- No fees. With no fees, every dollar you deposit brings your savings goals closer.
- Pay anyone payments
- Internal transfer
- Direct credit
- Direct debit
- Daily Pay Anyone Payment limit. The $100,000 limit is applicable for customers who use the Macquarie Authenticator App and are registered for Electronic Banking. Otherwise, a default limit of $2,000…
- Daily PayID Payment sub-limit. The $10,000 limit operates as a sub-limit of the daily Pay Anyone limit.
Eligibility and limits
- Minimum age 12
- Residency: Permanent Australian residential address required.
- Must have Australian mobile number
- Must have an email address
- Only available for individual or joint applications
Compare it with others
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Published by Macquarie Bank Limited under the Consumer Data Right, last changed by them on 1 Nov 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.