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Macquarie Term Deposit

Lock in a fixed interest rate for a set term.

Term depositsBank updated 27 Oct 2026
Apply at Macquarie Bank Limited ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Best rate
5.40% for 12m
12 months
5.40%
Min deposit
$5,000

How it compares

This term deposit 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.

This term deposit: 5.10%Every other institution's highest, 54 in all

Best rate for 3 months. One dot per institution, at its highest 3-month term deposit rate anyone can apply for; hover or tap a dot for its name.

RateThis term depositBest anywhereTypical institutionWhere it sits
3-month term depositBest rate for 3 months5.10%5.30%Heartland Bank's Broker Term Deposit4.60%of 55 institutions7th highest of 55, level with 2 others
6-month term depositBest rate for 6 months5.25%5.47%Heartland Bank's Broker Term Deposit5.10%of 63 institutions14th highest of 63, level with 3 others
12-month term depositBest rate for 12 months5.40%5.75%Suncorp Bank's Term Deposit5.30%of 65 institutions11th highest of 65, level with 6 others
2-year term depositBest rate for 2 years2.00%5.60%Judo Bank's Personal Term Deposits4.90%of 55 institutions54th highest of 55
3-year term depositBest rate for 3 years2.00%5.60%Judo Bank's Personal Term Deposits4.25%of 44 institutions44th highest of 44
5-year term depositBest rate for 5 years2.00%5.65%Judo Bank's Personal Term Deposits4.00%of 27 institutions27th highest of 27

Rates

Every rate Macquarie publishes for this term deposit, 66 in all.

Its best rate at each term

  1. 1 mo2.10%
  2. 2 mo2.10%
  3. 3 motypical 4.60%5.10%
  4. 4 mo5.10%
  5. 6 motypical 5.10%5.25%
  6. 9 mo5.30%
  7. 1 yrtypical 5.30%5.40%
  8. 2 yrstypical 4.90%2.00%
  9. 3 yrstypical 4.25%2.00%
  10. 4 yrs2.00%
  11. 5 yrstypical 4.00%2.00%
This term depositTypical institution's best for the term
TypeApplies toTermBandRateComparisonConditions
Fixed-1 mo-2.10%-paid at maturity; paid every 1 mo; For balances of 1 million dollars and under
Fixed-1 mo-2.10%-paid at maturity; paid every 1 mo; For balances over 1 million dollars
Fixed-1 yr-5.18%-paid every 1 mo; For balances over 1 million dollars
Fixed-1 yr-5.27%-paid every 1 mo; For balances of 1 million dollars and under
Fixed-1 yr-5.30%-paid at maturity; paid every 1 yr; For balances over 1 million dollars
Fixed-1 yr-5.40%-paid at maturity; paid every 1 yr; For balances of 1 million dollars and under
Fixed-1 yr-5.20%-paid every 3 mo; For balances over 1 million dollars
Fixed-1 yr-5.29%-paid every 3 mo; For balances of 1 million dollars and under
Fixed-1 yr-5.23%-paid every 6 mo; For balances over 1 million dollars
Fixed-1 yr-5.33%-paid every 6 mo; For balances of 1 million dollars and under
Fixed-2 mo-2.10%-paid every 1 mo; For balances of 1 million dollars and under
Fixed-2 mo-2.10%-paid every 1 mo; For balances over 1 million dollars
Fixed-2 mo-2.10%-paid at maturity; paid every 2 mo; For balances of 1 million dollars and under
Fixed-2 mo-2.10%-paid at maturity; paid every 2 mo; For balances over 1 million dollars
Fixed-2 yrs-1.98%-paid every 1 mo; For balances of 1 million dollars and under
Fixed-2 yrs-1.98%-paid every 1 mo; For balances over 1 million dollars
Fixed-2 yrs-2.00%-paid every 1 yr; For balances of 1 million dollars and under
Fixed-2 yrs-2.00%-paid every 1 yr; For balances over 1 million dollars
Fixed-2 yrs-1.99%-paid every 3 mo; For balances of 1 million dollars and under
Fixed-2 yrs-1.99%-paid every 3 mo; For balances over 1 million dollars
Fixed-2 yrs-1.99%-paid every 6 mo; For balances of 1 million dollars and under
Fixed-2 yrs-1.99%-paid every 6 mo; For balances over 1 million dollars
Fixed-3 mo-4.83%-paid every 1 mo; For balances over 1 million dollars
Fixed-3 mo-5.08%-paid every 1 mo; For balances of 1 million dollars and under
Fixed-3 mo-4.85%-paid at maturity; paid every 3 mo; For balances over 1 million dollars
Fixed-3 mo-5.10%-paid at maturity; paid every 3 mo; For balances of 1 million dollars and under
Fixed-3 yrs-1.98%-paid every 1 mo; For balances of 1 million dollars and under
Fixed-3 yrs-1.98%-paid every 1 mo; For balances over 1 million dollars
Fixed-3 yrs-2.00%-paid every 1 yr; For balances of 1 million dollars and under
Fixed-3 yrs-2.00%-paid every 1 yr; For balances over 1 million dollars
Fixed-3 yrs-1.99%-paid every 3 mo; For balances of 1 million dollars and under
Fixed-3 yrs-1.99%-paid every 3 mo; For balances over 1 million dollars
Fixed-3 yrs-1.99%-paid every 6 mo; For balances of 1 million dollars and under
Fixed-3 yrs-1.99%-paid every 6 mo; For balances over 1 million dollars
Fixed-4 mo-4.82%-paid every 1 mo; For balances over 1 million dollars
Fixed-4 mo-5.07%-paid every 1 mo; For balances of 1 million dollars and under
Fixed-4 mo-4.85%-paid at maturity; paid every 4 mo; For balances over 1 million dollars
Fixed-4 mo-5.10%-paid at maturity; paid every 4 mo; For balances of 1 million dollars and under
Fixed-4 yrs-1.98%-paid every 1 mo; For balances of 1 million dollars and under
Fixed-4 yrs-1.98%-paid every 1 mo; For balances over 1 million dollars
Fixed-4 yrs-2.00%-paid every 1 yr; For balances of 1 million dollars and under
Fixed-4 yrs-2.00%-paid every 1 yr; For balances over 1 million dollars
Fixed-4 yrs-1.99%-paid every 3 mo; For balances of 1 million dollars and under
Fixed-4 yrs-1.99%-paid every 3 mo; For balances over 1 million dollars
Fixed-4 yrs-1.99%-paid every 6 mo; For balances of 1 million dollars and under
Fixed-4 yrs-1.99%-paid every 6 mo; For balances over 1 million dollars
Fixed-6 mo-5.05%-paid every 1 mo; For balances over 1 million dollars
Fixed-6 mo-5.19%-paid every 1 mo; For balances of 1 million dollars and under
Fixed-6 mo-5.07%-paid every 3 mo; For balances over 1 million dollars
Fixed-6 mo-5.22%-paid every 3 mo; For balances of 1 million dollars and under
Fixed-6 mo-5.10%-paid at maturity; paid every 6 mo; For balances over 1 million dollars
Fixed-6 mo-5.25%-paid at maturity; paid every 6 mo; For balances of 1 million dollars and under
Fixed-5 yrs-1.98%-paid every 1 mo; For balances of 1 million dollars and under
Fixed-5 yrs-1.98%-paid every 1 mo; For balances over 1 million dollars
Fixed-5 yrs-2.00%-paid every 1 yr; For balances of 1 million dollars and under
Fixed-5 yrs-2.00%-paid every 1 yr; For balances over 1 million dollars
Fixed-5 yrs-1.99%-paid every 3 mo; For balances of 1 million dollars and under
Fixed-5 yrs-1.99%-paid every 3 mo; For balances over 1 million dollars
Fixed-5 yrs-1.99%-paid every 6 mo; For balances of 1 million dollars and under
Fixed-5 yrs-1.99%-paid every 6 mo; For balances over 1 million dollars
Fixed-9 mo-5.11%-paid every 1 mo; For balances over 1 million dollars
Fixed-9 mo-5.21%-paid every 1 mo; For balances of 1 million dollars and under
Fixed-9 mo-5.13%-paid every 3 mo; For balances over 1 million dollars
Fixed-9 mo-5.23%-paid every 3 mo; For balances of 1 million dollars and under
Fixed-9 mo-5.20%-paid at maturity; paid every 9 mo; For balances over 1 million dollars
Fixed-9 mo-5.30%-paid at maturity; paid every 9 mo; For balances of 1 million dollars and under

Fees

One fee published, grouped by when they're charged.

When you close it or pay it off1

  • Break fee

    The break fee equals 25% of interest accrued on your Term Deposit as at the date of closure and will be deducted from the total interest payable to you.

    25.00% of interest accrued

Features

Digital banking
  • Lock in a fixed interest rate for a set term. Choose how often you receive interest payments for added flexibility.
  • View your term deposit details in app at anytime. Plus, you can update your maturity instructions to reinvest or withdraw funds in the mobile app.

Eligibility and limits

  • Minimum age 18
  • Residency: Application must be submitted in Australia. You must be a permanent resident of Australia.
  • Minimum balance $5,000
  • Term deposit must be funded by Direct Debit.
  • Available for Companies and Trusts.
  • Must have an Australian mobile number.
  • Must have an email address.

Published by Macquarie Bank Limited under the Consumer Data Right, last changed by them on 27 Oct 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.