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Macquarie Term deposit customer reviews

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Based on 20 term deposit reviews as rated by the Mozo community.
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Recent Macquarie term deposit customer reviews

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  • Macquarie Term Deposit

    Horrible Greedy Bank

    I used Macquarie for term deposit because I though that they were a successful Bank. But I discovered that this Bank will jusy use you, Customer service appauling. Honesty zero. Macquarie took 25% of my Term deposit interest, YES 25% due to my need to break the period. Macquarie then paid me the incorrect amount, shortling me $ 8.20. Now its not the little amount, it is the fact that MAcquarie got my pay out figure wrong and I had to fight for the correct amount. I still have not got from Macquarie what I am entitled. The payout date arrived and I had a buy contract to settle on that date, NO MONEY. I spend hours on the phone, honest hours. Horrid Bank. Wouldnt ever use them again. NO WAY

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    Stanley, Queensland, reviewed 7 months ago
  • Macquarie Term Deposit

    DONT USE THIS HORRIBLE BANK

    Macquarie are by far the most greedy, horrid Banks in this country. Their customer service is non existant. I tried to break a Term Deposit, they took 25% of my interest as a penalty. They kept me waiting on hold for an hour. NO MANAGER would speak to me. This is a greedy organisation which I suggest NO-ONE uses.

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    Stanley, Queensland, reviewed 7 months ago
  • Macquarie Term Deposit

    Too tricky by half: good rates but I'm going

    Macquarie is very tricky with its Term Deposits. You think you are investing for a fixed-term but It AUTOMATICALLY sets them to rollover. Then you have to go online to update the pre-set maturity instructions. But there is NO CONFIRMATION that your instructions have been received and acted upon. In fact, the website / app says it might take 1-2 days to be actioned. So you think there will be some kind of confirmation. Nope. This is a real pity as the transaction account is very convenient with a good interest rate and the TD rates are okay, though not as good as Judo Bank. BTW even Judo Bank with its basic website can handle updates to maturity instructions.. Sorry Mac, no more TDs with you.

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    L&m, New South Wales, reviewed 8 months ago
  • Macquarie Term Deposit

    Too difficult to deal with. better options out the

    Harder than necessary to open term deposits. Ask for information they already have every time. Sure it was set up by a gov bureaucrat. Is easier to go some where else.

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    Jon, Tasmania, reviewed 9 months ago
  • Macquarie Term Deposit

    It ain't called the millonaire factory for nothing

    Best bank ever.

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    Robert, Victoria, reviewed over 8 years ago
  • Macquarie Term Deposit

    Term deposit

    They do what I want.

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    Ross, New South Wales, reviewed over 8 years ago
  • Macquarie Term Deposit

    Competitive rates and have cmt accounts as well

    Easy to deal with.

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    Colin, Western Australia, reviewed almost 9 years ago
  • Macquarie Term Deposit

    Convenient, good value

    I have my dividend checks paid there, they are fast ,never a delay and very correct.

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    Peter, Western Australia, reviewed almost 9 years ago
  • Macquarie Term Deposit

    Very competitive, good customer relationship.

    The banks make too much extra on long term deposits. With banks making huge profits the difference between lending and borrowing interest rates should be closer together. They seem to want your money, pay you not much for them to make a big profit.

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    John, New South Wales, reviewed about 9 years ago
  • Macquarie Term Deposit

    no thanks

    No thanks

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    Wendy, , reviewed about 9 years ago
  • Macquarie Term Deposit

    poor rates good customer service

    I find term deposits with major banks are very inflexible with poor interest rates

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    Lorraine, Queensland, reviewed almost 12 years ago
  • Macquarie Term Deposit

    Always read the fine print and always ask if unsure about anything. The main thing I found was that they were not very pro-active when it came to things that a first-timer would not understand.

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    Steven, Victoria, reviewed about 12 years ago
  • Macquarie Term Deposit

    I did not encounter any problems since I opened an account with Macquarie. I do all my transactions and dealings online with their user friendly platform its a breeze. The interest rate on their is very attractive and terms are flexible which suits my needs. I would recommend anyone with savings in mind to look at Macquarie.

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    Vish, Western Australia, reviewed over 12 years ago
  • Macquarie Term Deposit

    It seems very hard to find a financial institution where you can invest super funds from your own self managed fund and get a good rate. Super funds are treated like a business and there seems to be a difference to private funds, even though money is the same. I have had this argument with a number of banks, but Macquarie give me a good rate for these funds. I am happy with the service.

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    Eve, Western Australia, reviewed over 12 years ago
  • Macquarie Term Deposit

    Very easy to deal with, patient staff, guide us through the transaction

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    Darrell, New South Wales, reviewed almost 13 years ago
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    Term deposit comparisons on Mozo - rates updated daily

    • Term Deposit

      interest rate
      4.75% p.a.
      1 year
      Minimum deposit
      $1,000
      Govt Deposit Guarantee
      Yes up to $250,000

      Promoted
    • Term Deposit

      interest rate
      5.10% p.a.
      1 year
      Minimum deposit
      $1,000
      Govt Deposit Guarantee
      Yes up to $250,000

      Promoted
    • Online Term Deposit

      interest rate
      4.80% p.a.
      1 year
      Minimum deposit
      $5,000
      Govt Deposit Guarantee
      Yes up to $250,000

      Promoted
    • Term Deposit

      interest rate
      4.85% p.a.
      6 months
      Minimum deposit
      $1,000
      Govt Deposit Guarantee
      Yes up to $250,000

      Promoted

    Different interest rates apply to different amounts or different interest payment frequencies.

    Want more? Compare all 81 term deposits in the Mozo comparison engine.

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    Mozo gives you the inside story on the best banking, energy and insurance products as rated by thousands of real customers around Australia. We don't make subjective judgments, nor do advertisers influence our ratings. Although our reviews may be moderated to improve quality standards, they are moderated independently of any of Mozo’s commercial relationships.