In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other business savings accounts
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own.

Macquarie Business Savings Account

  • Richard Whitten's headshot
Macquarie Business Savings Account
Maximum variable rate
4.65% p.a.
Base interest rate
4.65%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 4.65% 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

In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other business savings accounts
  • Your reviews
  • Ask a question

Details

Key details

Product Name Macquarie Business Savings Account
Maximum Variable Rate 4.65% p.a.
Standard Variable Rate 4.65% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $0

Key features

Maximum variable interest rate of 4.65%

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

Eligibility

You can open a Macquarie Business Savings Account if you are:

A sole trader or company director.
A permanent resident of Australia.
You don't hold any Macquarie bank products (transactions, savings, cash management, term deposit, home loan, car loan or credit card).

Compare other business savings accounts

Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro Period Government Guarantee Monthly Max Rate Conditions
Zeller Business Savings Account
Maximum Variable Rate p.a.
2.60%
Standard Variable Rate p.a.
2.60%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
AMP Cash Manager
Maximum Variable Rate p.a.
4.80%
Standard Variable Rate p.a.
4.80%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
ANZ Business Online Saver
Maximum Variable Rate p.a.
1.25%
Standard Variable Rate p.a.
1.25%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
The Mutual Bank Cash Management Account
Maximum Variable Rate p.a.
0.05%
Standard Variable Rate p.a.
0.05%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
ING Business Optimiser
Maximum Variable Rate p.a.
1.00%
Standard Variable Rate p.a.
0.60%
Intro Period
6 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
The Mutual Bank Business Maximiser Account
Maximum Variable Rate p.a.
1.85%
Standard Variable Rate p.a.
1.85%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
loading
Showing 6 of 54 results

Your reviews

No reviews yet. Write a review

Ask a question

Ask a question
Avatar

Richard Finder

Editor

Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Go to site