Macquarie Business Savings Account

- Maximum variable rate
- 4.40% p.a.
- Base interest rate
- 4.40% p.a.
Our verdict
This is a low-fee online business savings account that lets you earn a competitive interest rate.
The Macquarie Business Savings Account is a high interest online account that lets you earn an interest rate of up to 4.4% on your business savings.
This account offers a tiered interest rate based on your account balance. You can earn the maximum rate on balances of up to $250,000. You will earn less interest on any money beyond this.
Pros
-
No fees
-
Competitive rate
Cons
-
Your rate is lower on money saved beyond $250,000
-
No debit card
Details
Key details
Product Name | Macquarie Business Savings Account |
Maximum Variable Rate | 4.40% p.a. |
Standard Variable Rate | 4.40% p.a. |
Monthly Account Fee | $0 |
Minimum Opening Deposit | $0 |
Minimum Age | 15 |
Key features
Maximum variable interest rate of 4.4%
This account has a tiered rate structure. You will earn the maximum variable rate on every dollar saved up to $250,000.
Every dollar saved beyond this earns interest, but at a lower rate.
Account fees
This account has no fees.
Minimum and maximum balance
There are no minimum or maximum balances for this account.
Features
This account offers internet banking and instant payments. It does not offer phone banking.
You also have access to Macquarie's banking app.
How to apply
Compare other business savings accounts
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How we picked theseHow the Finder Score helps you find a better savings account
The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.
We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?
Your reviews

Richard Finder
Money Editor
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