Macquarie
Macquarie Savings Account
A high-interest online savings account with no monthly fees, easy withdrawals and award-winning digital banking.
Savings & transaction accountsBank updated 15 Sept 2026
At a glance
- Base rate
- 2.75%
§ 01 — Rates · 3
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | — | — | up to $250,000 | 5.00% | — | paid every 1 mo |
| Variable | — | — | $2,000,000+ | 2.75% | — | paid every 1 mo |
| Variable | — | — | $250,000–$2,000,000 | 5.00% | — | paid every 1 mo |
§ 02 — Fees · 2
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Dishonour fees | Dishonour | No fee | — | We don't charge dishonour fees. |
| Online Payments | Transaction | No fee | — | We don't charge Transaction or Online Payment Fees. |
§ 03 — Features
Instant paymentsPayIDDigital banking
- · 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.
§ 04 — Eligibility & 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
§ 05 — Compare
§ 06 — Run the numbers
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Published by Macquarie Bank Limited under the Consumer Data Right, last changed by them on 15 Sept 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.