6.6 / 10

based on 311 Macquarie 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.

Named the 2021 Everyday & Savings Bank of The Year at the Mozo Experts Choice Awards, 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 17 June, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate Maximum rate Govt deposit guarantee
Cash Management Account

0% p.a.(for $5,000 and over)

No Current Offer

Yes up to $250,000

Savings Account

0.95% p.a.(for $0 to $250,000)

1.10% p.a. (for $0 to $250,000)

Yes up to $250,000

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
8.0/10
Price
Features
Customer service
Convenience
Trust

43 Reviews

Recent Macquarie savings account reviews

Macquarie Savings Account review
Overall 1/10
Never invest with Macquarie.

Have a CMA with them for 20 years. Once interest rates went to zero, they made it very difficult, actually impossible to transfer funds to an outside account. Put a HELD on account for no legal reason.

Read full review

Have a CMA with them for 20 years. Once interest rates went to zero, they made it very difficult, actually impossible to transfer funds to an outside account. Put a HELD on account for no legal reason.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Darryl, Victoria, reviewed 5 months ago
Macquarie Savings Account review
Overall 9/10
Highly recommended.

Terrific incentive offered. Very easy to deal with. Online offering is excellent.

Read full review

Terrific incentive offered. Very easy to deal with. Online offering is excellent.

Price
10/10
Features
10/10
Customer service
8/10
Convenience
9/10
Trust
9/10
Less
James, Victoria, reviewed 7 months ago
Macquarie Savings Account review
Overall 10/10
Make the switch.

Come to Macquarie chasing higher interest rates, got a great 4 month intro rate on their savings account which has since ended, however their ongoing rate is still good. It's a normal savings account with a great rate, no nonus interest rates for making additional deposits, just set and forget. Only downside is that you must also have a transaction account, however, this also earns interest and has no fees! Crazy! I am still with my former bank, but if they ever slip up, Macquarie will get the lot. I really can't comment on their staff as I have never had to talk to any of them.

Read full review

Come to Macquarie chasing higher interest rates, got a great 4 month intro rate on their savings account which has since ended, however their ongoing rate is still good. It's a normal savings account with a great rate, no nonus interest rates for making additional deposits, just set and forget. Only downside is that you must also have a transaction account, however, this also earns interest and has no fees! Crazy! I am still with my former bank, but if they ever slip up, Macquarie will get the lot. I really can't comment on their staff as I have never had to talk to any of them.

Price
10/10
Features
10/10
Customer service
9/10
Convenience
8/10
Trust
10/10
Less
Daniel, New South Wales, reviewed 8 months ago
Macquarie Savings Account review
Overall 1/10
Terrible - Worst experience ever.

Just an awful experience. Terrible time logging in, them getting information correct and being hand balled from one customer service rep to another. Then after complaining they closed down my account for absolutely no reason, only citing the following one from their T&C's. 16.3 You acknowledge that we retain the right not to provide products or services to anyone that we decide, in our sole discretion, that we do not wish to provide them to. Do not bank with them! The are so hard to deal with. Put your money somewhere safer.

Read full review

Just an awful experience. Terrible time logging in, them getting information correct and being hand balled from one customer service rep to another. Then after complaining they closed down my account for absolutely no reason, only citing the following one from their T&C's. 16.3 You acknowledge that we retain the right not to provide products or services to anyone that we decide, in our sole discretion, that we do not wish to provide them to. Do not bank with them! The are so hard to deal with. Put your money somewhere safer.

Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Donna, Victoria, reviewed 11 months ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

Savings account quick links