Macquarie Savings Account
No conditions on the rate
A high-interest online savings account with no monthly fees, easy withdrawals and award-winning digital banking.
- Base rate up to
- 5.25%
- Introductory rate
- None
- Maximum balance
- None published
Rate a year, up to
Rates by balance
| Balance | Base rate |
|---|---|
| $0 to $250,000 | 5.25% |
| $250,000 to $2,000,000 | 5.05% |
| $2,000,000 and over | 4.60% |
Who can open it
- Age to open
- 12 and over
- Maximum balance
- None published
Who it's for
- Must have Australian mobile number.
- Must have an email address.
- Only available for individual or joint applications.
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
5.25%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
5.25%
What it pays without a bonus. Typical is 2.40%.
Pros and cons
Pros
- A higher rate. Up to 5.25%, above the typical 3.65%. On $10,000 that's about $525 a year.
- No conditions. You earn the same rate every month, with no deposits to make or withdrawals to avoid.
Cons
Nothing stands out.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 5.25%
- Bonus conditions
- None
- Most it pays
- 5.25%
- Bonus conditions
- None
- Most it pays
- 5.25%
- Bonus conditions
- None
