Macquarie Savings Account
A high-interest online savings account with no monthly fees, easy withdrawals and award-winning digital banking.
- Base rate
- 5%
- Intro rate
- 5.35%
- conditions apply
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
Eligibility
- Residency status — Permanent Australian residential address required.
- Minimum age — 12 yearsMinimum age requirement
- Must have Australian mobile number
- Must have an email address
- Only available for individual or joint applications
More Information
Published by Macquarie Bank Limited under the Consumer Data Right · Last updated 11 June 2026 · Product ID SV001MBLSAV001 · View on CDR.gov.au · View Source Data (JSON)