To open a Macquarie Savings Account, you’ll need to link it to a Macquarie Transaction Account. When prompted to 'Open a savings account today' in the transaction account application, select 'Yes'.
How to applyThe account will be set up instantly so you can start saving straight away.
Macquarie Savings Account
A high-interest online savings account with
no fees and award-winning digital banking.
Welcome variable rate
Earn a welcome variable rate for the first four months from account opening, on deposits up to $250,000 in your first savings account.
Variable rate up to $1m
After four months, earn a great ongoing variable interest rate, currently 1.35% pa on balances up to $1m and 1.05% pa on balances above $1m. If it’s not your first savings account, you will receive the above rates from the outset.
With no fees, every dollar you deposit brings your savings goals closer.
Set up your saving buckets
After opening your first Macquarie Transaction Account, you can open as many savings accounts as you’d like for your different saving buckets instantly in the Macquarie Mobile Banking app.
Using our mobile and online banking, you can deposit your salary and transfer cash from your Macquarie Savings Account to any Australian bank account, make BPAY® payments, and set up direct debits and scheduled payments.
Safe and secure
Receive real time notifications when direct debits are taken out of your savings account.
Macquarie Authenticator adds an extra layer of security to your banking.
Macquarie Transaction Account
Our award-winning transaction account
makes everyday banking simple
Payments made easy
Tap and go with Apple Pay, Google Pay, Fitbit Pay and Garmin Pay.
Say goodbye to ATM charges
Free access to any rediATM and enjoy a refund on fees incurred at all other ATMs in Australia.
Monthly account fees
No minimum deposit required.
A digital banking experience built to bank the way you do.
International online purchase fees
We won’t charge you international purchase fees when you shop online with international retailers with your Macquarie Debit Mastercard®.
Cutting-edge digital tools
Create monthly budgets, receive real-time spend notifications, upload receipts and search past transactions in your own words.
Open an account in minutes
To open a Macquarie Savings Account, you’ll need to link it to a Macquarie Transaction Account.
When prompted to 'Open a savings account today' in the transaction account application, select 'Yes'.
Award-winning digital banking
With an award-winning app, leading internet banking and an exceptional everyday account – Macquarie is an easy choice.