Macquarie Savings Account Summary
Description
A digital savings account with variable balance-tiered interest and no monthly activity requirements.
Benefits
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
Hoops
- Applicants must be at least 12.
- Ongoing rate cap: $250,000. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | Macquarie Savings Account |
|---|---|
| Maximum variable rate | 5.25% p.a. |
| Ongoing interest rate | 5.25% p.a. |
| Base interest rate | 5.25% p.a. |
| Minimum age | 12 years |
Source: noren.com.au
All comparison details
| Base | 5.25% |
|---|---|
| Ongoing | 5.25% |
| Ongoing cap | $250K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | 12 |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 5.25% p.a..
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 5.25% | This band only | First $250k |
| Standard variable | 5.05% | This band only | Over $250k to $2m |
| Standard variable | 4.60% | This band only | Over $2m |
Source: noren.com.au
Share/Export
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Requirements
- Provider fee review 29 October 2026: this savings account has no monthly account-keeping fee. This does not waive transaction, statement, special-service or separately linked-account charges, their published conditions still apply.
Fees
- Monthly account fee: $0, Savings account maintenance.
- Online payments: $0, Provider-listed online payment services.
- Dishonour fee: $0, Provider-listed dishonoured payments.
Showing reviewed fees only, other charges may apply
Account access & other features
Digital access, linked transaction account required
- Withdrawals do not cause a monthly bonus to be forfeited.
- Mobile and online banking, with Macquarie Authenticator for security.
How to apply
Check these eligibility requirements before applying with Macquarie.
- At least 12 years old, with a permanent Australian residential address, email and Australian mobile number.
- Individual or joint applications are accepted. Businesses, trusts and SMSFs are excluded.
- Open and keep a Macquarie Transaction Account. Internet access and an electronic device are required.
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Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected on 31 Oct 2026. Pricing verified on 28 Oct 2026.