based on 320 Macquarie banking 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.

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 28 September, 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
Price
Features
Customer service
Convenience
Trust

45 Reviews

Recent Macquarie savings account reviews

Macquarie Savings Account
Overall 1/10
Service off the chart, the bottom of the chart.

New limits brought in, but not for BPAY. 1st BPAY after, the limit IS applied. Must be the only bank in August which can't temp increase a limit while the customer is on the phone to them.

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New limits brought in, but not for BPAY. 1st BPAY after, the limit IS applied. Must be the only bank in August which can't temp increase a limit while the customer is on the phone to them.

Price
10/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
David, Victoria, reviewed about 1 month ago
Macquarie Cash Management Account
Overall 9/10
Safe and secure

Very safe bank. My money is protected a message to my mobile phone before any money is transferred.

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Very safe bank. My money is protected a message to my mobile phone before any money is transferred.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Warren, Queensland, reviewed 3 months ago
Macquarie Savings Account
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.

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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 8 months ago
Macquarie Savings Account
Overall 9/10
Highly recommended.

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

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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 11 months ago

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Savings account quick links