With interest rates as high as 4.65% for a 1 year term, a range of term options and no account fees, the Macquarie Term Deposit account could be just the account you need to help achieve your personal savings goals.
Savers will have access to a number of choices with the Macquarie Term Deposit depending on how long they wish to lock their money away for, with terms from as short as 1 month all the way up to five years.
Of course, each term comes with its own interest rate, with the highest currently on offer being 4.65% for a 1 year term. Just keep in mind that a minimum deposit of $5,000 applies to all Macquarie Term Deposits.
The Macquarie Term Deposit also offers some flexible features. For example, if you’re an existing Macquarie client, you’ll have the ability to connect your term deposit account with your Macquarie Cash Management Account (CMA) to help you better manage your investments and cash flow.
Another feature that comes with this account is that you’ll have the freedom to choose how often you receive interest payments and you’ll also have the option to automatically roll over your account should you wish to keep it once it reaches maturity - just be sure to check that you’ve still got a competitive rate first.
On top of all this, the Macquarie Term Deposit gives you the option to have your interest paid into a different bank account.
With a wide range of term options plus a few flexible features, if you’re an Aussie who’s looking for somewhere to lock away your cash so you can start building up your savings, then the Macquarie Term Deposit could be a top-notch option for you.
As with most term deposits, the Macquarie Term Deposit requires at least 31 days notice should you wish to withdraw funds from your account before it reaches maturity.
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0.05% p.a. ($5,000 to $1,000,000) |
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0.85% p.a. ($5,000 to $1,000,000) 0.75% p.a. ($1,000,001+) |
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4.80% p.a. ($5,000 to $1,000,000) 4.50% p.a. ($1,000,001+) |
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4.75% p.a. ($5,000 to $1,000,000) 4.45% p.a. ($1,000,001+) |
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4.70% p.a. ($5,000 to $1,000,000) 4.45% p.a. ($1,000,001+) |
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4.65% p.a. ($5,000 to $1,000,000) 4.40% p.a. ($1,000,001+) |
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4.65% p.a. ($5,000 to $1,000,000) 4.35% p.a. ($1,000,001+) |
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4.35% p.a. ($5,000 to $1,000,000) 4.05% p.a. ($1,000,001+) |
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4.25% p.a. ($5,000 to $1,000,000) 3.95% p.a. ($1,000,001+) |
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4.25% p.a. ($5,000 to $1,000,000) 3.95% p.a. ($1,000,001+) |
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4.25% p.a. ($5,000 to $1,000,000) 3.95% p.a. ($1,000,001+) |
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$5,000.00 |
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none |
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yes |
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yes |
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31 days notice required if customers want to withdraw their funds before the maturity date. Early break fee is 25% of interest earned. |
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none |
Different interest rates apply to different amounts or different interest payment frequencies.
I find term deposits with major banks are very inflexible with poor interest rates
Read full reviewI find term deposits with major banks are very inflexible with poor interest rates
