based on 385 Macquarie product reviews as rated by Mozo community

Macquarie savings accounts

Macquarie is a global financial provider that offers a variety of services to its clients, including banking, financial, advisory, investment and funds management services. Since its founding in 1969 Macquarie has become one of Australia's largest companies today.

Plus it won a 2023 Mozo Experts Choice Award for best Kick Start Savings, No Strings Savings, Small Business High Interest Savings and SMSF No Strings Savings.

Macquarie offers a range of award-winning savings accounts which you can find out more about below. 

Macquarie offers the following savings accounts

Rates and fees verified as correct at 9 December 2023. Other information correct at the time of writing. Advertiser disclosure.
Product Interest rate Maximum rate Govt deposit guarantee  
Cash Management Accelerator Account

4.75% p.a.(for $0 to $2,000,000)

No Current Offer

Yes up to $250,000

Savings Account

4.75% p.a.(for $0 to $1,000,000)

5.50% p.a. (for $0 to $250,000)

Yes up to $250,000

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How are Macquarie savings accounts rated?

Mozo users have rated Macquarie savings accounts on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of savings-accounts
Macquarie savings accounts
Overall
Price
Features
Customer service
Convenience
Trust

56 Reviews

Recent Macquarie savings account reviews

Macquarie Savings Account
Overall 10/10
Their savings account has good rates features

Great for a savings account. The rate is good on their savings account, and the online platform is good to use. I like that the savings account doesn’t make you have certain transactions to avoid monthly fees. This takes away unnecessary worry. I only need online services for savings account so the physical presence doesn’t impact me.

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Great for a savings account. The rate is good on their savings account, and the online platform is good to use. I like that the savings account doesn’t make you have certain transactions to avoid monthly fees. This takes away unnecessary worry. I only need online services for savings account so the physical presence doesn’t impact me.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Fiona, Australian Capital Territory, reviewed 24 days ago
Macquarie Savings Account
Overall 7/10
Pretty good, low fees it's a great bank to start.

In general, this bank is quite good, with low fees and good customer service. However, it would be even better if they provided more information on their website about which ATMs are available for use, as well as any hidden fees that they may not disclose upfront.

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In general, this bank is quite good, with low fees and good customer service. However, it would be even better if they provided more information on their website about which ATMs are available for use, as well as any hidden fees that they may not disclose upfront.

Price
9/10
Features
8/10
Customer service
8/10
Convenience
6/10
Less
Liv, Victoria, reviewed 30 days ago
Macquarie Savings Account
Overall 10/10
Great interest rate without conditions.

Great savings account because there are no hoops to jump through, no min. deposit, withdrawl, age limits or transactions. You just need a transaction account to make full use of the savings account. Easy to sign up and use the app.

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Great savings account because there are no hoops to jump through, no min. deposit, withdrawl, age limits or transactions. You just need a transaction account to make full use of the savings account. Easy to sign up and use the app.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
9/10
Less
Ian, South Australia, reviewed 4 months ago
Macquarie Savings Account
Overall 10/10
It's a great bank to start savings account with.

I love Macquarie Bank, I started my savings account with this bank and the interest rates are the highest out of any other banks I have tried. I struggled to set up my card but the customer service was amazing and the app is very convenient.

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I love Macquarie Bank, I started my savings account with this bank and the interest rates are the highest out of any other banks I have tried. I struggled to set up my card but the customer service was amazing and the app is very convenient.

Price
10/10
Features
9/10
Customer service
9/10
Convenience
10/10
Trust
10/10
Less
Isabella, New South Wales, reviewed 4 months ago
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