---
title: "Macquarie Savings Account — Macquarie Bank Limited"
description: "Transaction & Savings Accounts from Macquarie Bank Limited. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/macquarie-bank-limited/products/SV001MBLSAV001
source: "CDR Compare"
language: en-AU
last_updated: 2026-06-11T00:01:00.001Z
---

# Macquarie Savings Account — Macquarie Bank Limited

> Transaction & Savings Accounts from Macquarie Bank Limited. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Transaction & Savings Accounts · Macquarie**

A high-interest online savings account with no monthly fees, easy withdrawals and award-winning digital banking.

## At a glance

- **Base rate:** 5%
- **Intro rate:** 5.35% (conditions apply)

## Apply

Applications are handled by the provider: [Apply at Macquarie Bank Limited](https://www.macquarie.com.au/everyday-banking/savings-account.html)

## Deposit rates

| Type | Rate | Applies to | Interest paid |
| --- | --- | --- | --- |
| Introductory · 4 months (Earn a variable welcome rate for the first four months from account opening, on deposits up to $250,000 in your first savings account. After four months, our competitive standard stepped variable rates apply based on your balance.) | 5.35% | Variable Welcome rate $0–$250,000 | monthly |
| Variable | 5% | Base rate 1 | monthly |
| Variable | 5% | Base rate 2 | monthly |
| Variable | 2.75% | Base rate 3 | monthly |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Online Payments — We don't charge Transaction or Online Payment Fees. | Transaction | $0.00 |
| Dishonour fees — We don't charge dishonour fees. | Dishonour | $0.00 |

## Features

- **You can open up to a total of 10 Transaction or Savings Accounts.**
- **No fees. With no fees, every dollar you deposit brings your savings goals closer.**
- **Notifications** — Monitor outflows in real time with instant notifications.
- **PayID** (Link a PayID to your savings account to receive and make real time Payments.)
- **Digital banking** (Online Banking)
- **Digital banking** (Mobile Banking)
- **Bill payment (BPAY)** — BPAY
- **Real-time payments (NPP)** (NPP Payments)
- **Pay anyone payments**
- **Internal transfer**
- **Direct credit**
- **Direct debit**
- **Daily Pay Anyone Payment limit. The $100,000 limit is applicable for customers who use the Macquarie Authenticator App and are registered for Electronic Banking. Otherwise, a default limit of $2,000 will apply.**
- **Daily PayID Payment sub-limit. The $10,000 limit operates as a sub-limit of the daily Pay Anyone limit.**

## Eligibility

- **Residency status** — Permanent Australian residential address required.
- **Minimum age** — 12 years (Minimum age requirement)
- **Must have Australian mobile number**
- **Must have an email address**
- **Only available for individual or joint applications**

## More information from Macquarie Bank Limited

- [Overview](https://www.macquarie.com.au/everyday-banking/savings-account.html)
- [Terms & conditions](https://www.macquarie.com.au/digital-banking/bank-accounts-terms-and-conditions.html)
- [Eligibility](https://www.macquarie.com.au/everyday-banking/savings-account.html)
- [Fees & pricing](https://www.macquarie.com.au/everyday-banking/savings-account.html#rates-and-fees)

## Data provenance

- Published by Macquarie Bank Limited under the Consumer Data Right
- Product ID: `SV001MBLSAV001`
- Last updated by the provider: 11 June 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/macquarie-bank-limited/SV001MBLSAV001
- Provider page: https://www.cdrcompare.au/brands/macquarie-bank-limited
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000163

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/macquarie-bank-limited/products/SV001MBLSAV001) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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