Macquarie Bank Term Deposit
![Macquarie Bank Term Deposit](https://www.finder.com.au/niche-builder/625522ba02e82.png)
- Interest rate 3 months interest rate
- Up to 4.95% p.a.
- Minimum opening deposit
- $5,000
- Account keeping fee
- $0
- Maximum deposit
- $1,000,000
Summary
Earn a competitive 4.7% p.a. on a 1-year term deposit with Macquarie Bank.
Pros
-
Earn a fixed interest rate up to 4.7% p.a.
-
Available for personal use as well as SMSFs, businesses and trusts
-
$0 Account keeping fees
-
Flexible terms from 1 month to 5 years
Cons
-
High minimum investment amount of $5,000
-
31 days notice required to withdraw funds early
Details
Key details
Product Name | Macquarie Bank Term Deposit |
3 month interest rate | 4.95% |
4 month interest rate | 4.85% |
6 month interest rate | 4.85% |
9 month interest rate | 4.70% |
12 month interest rate | 4.70% |
24 month interest rate | 3.90% |
36 month interest rate | 3.80% |
48 month interest rate | 3.80% |
60 month interest rate | 3.80% |
Minimum Opening Deposit | $5,000 |
Minimum age requirement | 18 |
Government guarantee | Yes |
Eligibility
Minimum Age Requirement | 18 |
Joint account availability | Yes |
Min Deposit | $5,000 |
Available to children | Not available for children |
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Congratulations, Macquarie!
Macquarie Transaction Account received the following awards in the 2024 Product Awards:
- 'Transaction Account' - Winner
- 'Travel Debit Card' - Highly Commended
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Congratulations, Macquarie Bank!
Macquarie Savings Account received the highly commended award for 'Savings Account' in the 2024 Banking Product Awards.
Full list of 2024 winnersLaunch term deposit calculator
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Your reviews
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Sarah Megginson Finder
March 25, 2024
Hi Thomas, we’re a review and comparison site, so we can’t provide personal advice. You can contact Macquarie on (02) 8232 3333.
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David F
January 23, 2024
Does Macquarie Bank have on line savings accounts for strata trust accounts
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Sarah Megginson Finder
February 15, 2024
Hi David,
Macquarie has business trust accounts to cater to legal-controlled monies accounts, such as strata sinking and administration funds, individual building accounts, property management, real estate invested sales deposits and retail bonds.
Hope this helps!
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Peter
June 19, 2023
Hi I have $XXX to invest for 3 months
What is your best rate?
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Alison Banney Finder
June 22, 2023
Hi Peter, you’ve reached Finder, we are not affiliated with Macquarie Bank. To discuss your rate options for your investment amount we’d suggest getting in touch with the bank directly.
Thanks,
Alison
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David
June 12, 2023
If we open a 3 month Term deposit for our SMFS is the capital and interest available at maturity? Thanks David
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Alison Banney Finder
June 22, 2023
Hi David, yes the capital and interest will be available when the account reaches maturity.
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les Andrews
June 07, 2023
Can invest from my Self managed Super Fund?
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Alison Banney Finder
June 08, 2023
Hi Les, yes you can open a Macquarie Bank Term Deposit for your SMSF. When applying, select the ‘Joint account holder, Company or Trust’ application option.
Thomas Jacobsen
March 19, 2024
I have $350,000-00 in My Self Managed Super account and wish to deposit it at the best rate gong currently, you were advertising 5.25% on Facebook Market place recently is this still available please. I also have a Personal account I recently opened with Macquarie and have around $630,000.00 to deposit on short term, ( On Call), what is the best rate you can offer =for that please
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