Macquarie Cash Management Account

0.05% p.a.(for $5,000 and over)

No Current Offer

Macquarie Cash Management Account

0.05% p.a.(for $5,000 and over)

No Current Offer

Mozo Review   Macquarie Cash Management Account Review

Last updated: 24 March 2020.

What's hot:
  • No account management fees

  • No ongoing fees

  • Unlimited transactions via the phone, internet and BPAY

What's not:
  • Minimum opening deposit of $5,000.

Mozo snapshot:

After a savings account to help you manage your investments, monitor cash flow and earn interest on the balance? Well, look no further than the Macquarie cash management account! It comes with a 0.05% p.a. variable interest rate on all balances, has no ongoing fees, plus, unlimited transactions via the phone, internet and BPAY.

Key features:

The Macquarie Cash Management Account is ideally suited to people with an SMSF or those that do online trading and investing. It enables you to streamline your finances through the one account. There is a 0.05% p.a. variable interest rate on all balances, but keep in mind that $5000 is also the minimum balance requirement as well for this account.  

The Macquarie Cash Management Account offers loads of flexible features, like unlimited transactions made via the phone, internet and BPAY, plus, it comes with no account fees.

Another fab feature that the Macquarie Cash Management Account has to offer is SMSF connectivity to help simplify the account application process, your SMSF accounting and doing your tax return, making it a potentially good account option for investors.

Additionally, the account helps you track your spending thanks to its smart banking tool which categories and identifies trends in your spending.

Who it's good for:

The Macquarie Cash Management Account could be a great savings account option for Aussies who meet the account eligibility criteria, particularly those with an investment or have a Self Managed Super Fund.

Any catches?

The Macquarie Cash Management Account requires a minimum opening deposit and ongoing balance amount of $5,000.

Details

Rates and fees information correct as at 2 April 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Balances from $0: 0.05% p.a.
    Balances from $5,000: 0.05% p.a.

  • n/a

  • n/a

Fees
  • $0.00

  • n/a

  • Unlimited transactions from phone, internet and BPay

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • $0.00

  • $0.00

  • $1.00

Other financial bits
  • $5,000.00

  • $5,000.00

  • Monthly

Features
  • no

  • none

  • no

  • no

  • no

  • no

  • yes

  • yes

  • yes

  • yes

  • no

  • none

  • none

  • none

Customer Reviews

How are Macquarie savings accounts rated by the Mozo community?

Overall customer rating
8.3/10
Price
7.5/10
Features
7.2/10
Customer service
8.5/10
Convenience
6.9/10
Trust
8.6/10

Latest reviews of Macquarie Cash Management Account

  • Overall 10/10
    Customer service.

    Have had no problems with Macquarie.

    Read full review

    Have had no problems with Macquarie.

    Price
    5/10
    Features
    -1/10
    Customer service
    8/10
    Convenience
    7/10
    Trust
    10/10
    Less
    Joy, New South Wales reviewed 4 months ago
  • Overall 10/10
    The easiest and best banking website ever

    Amazing website. Very easy to use with a lot of relevant links. Easy access to all types of information regarding transactions. Great customer service, available 24/7.

    Read full review

    Amazing website. Very easy to use with a lot of relevant links. Easy access to all types of information regarding transactions. Great customer service, available 24/7.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Kath, Victoria reviewed about 4 years ago
  • Overall 10/10
    Friendly and efficient.

    I have been a customer for many years and we have always had excellent service.

    Read full review

    I have been a customer for many years and we have always had excellent service.

    Price
    9/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Heather, Queensland reviewed over 4 years ago
  • Overall 8/10
    I love Macquarie Bank

    For what I need Macquarie Bank services for, namely manage regular payments without the ability to access via a storefront, Macquarie enable me to manage my money exactly how I like.

    Read full review

    For what I need Macquarie Bank services for, namely manage regular payments without the ability to access via a storefront, Macquarie enable me to manage my money exactly how I like.

    Price
    10/10
    Features
    10/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Adam, South Australia reviewed almost 5 years ago
  • Overall 10/10
    Service fast, efficient happy

    I have my financial dividends to this account and there is never a difficulty It is run well and always do what they say they will. If there is a hiccup they will say and provide an option. Proactive is professional and a joy to be guided.

    Read full review

    I have my financial dividends to this account and there is never a difficulty It is run well and always do what they say they will. If there is a hiccup they will say and provide an option. Proactive is professional and a joy to be guided.

    Price
    6/10
    Features
    6/10
    Customer service
    10/10
    Convenience
    8/10
    Trust
    10/10
    Less
    Peter, Western Australia reviewed almost 5 years ago
Macquarie

About Macquarie

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

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