Macquarie Term Deposit Rates

Macquarie Bank offers a number of short to medium term investment options which can help you secure your savings, grow your finances towards a goal, and have access to your funds again in time to take advantage of a new and even better interest rate. Official interest rates have been on the rise in recent months and show no signs of slowing. So if you can meet the minimum $10,000 investment amount then you can enjoy the competitive features and rates of a Macquarie term deposit account.

Features of Macquarie Term Deposits

Offering term deposit accounts for a maximum of just 24 months may seem limiting to some, but it actually allows Macquarie Bank to continue to offer competitive interest rates which accurately depict the movements of official rates so you can feel that your money is secure, and earning the highest fixed rate around. Other features of Macquarie term deposit accounts include:

• Your choice of a short or medium investment term. You can choose a Macquarie term deposit term of one month, three months, six months, nine months, 12 months or 24 months so you can make sure the maturity of your term deposit coincides with a purchase goal, a savings plan or a special event.
• A minimum investment of $10,000 is required. You will need a significant investment amount to be eligible for a Macquarie term deposit account, however the more you invest, the more funds you have earning interest for you. The Macquarie term deposit rates are also not tiered, so whether you are investing $10,000, $100,000 or $1 million you can earn the same high interest rates. If you are investing more than $1 million you can negotiate personalised Macquarie term deposit rates for your needs.
• Interest income choices. If you are investing for 12 months or longer, you can choose to have your interest paid quarterly so you can use your interest returns to supplement your income or you can direct them to another investment option. Macquarie term deposit rates are slightly lower if you choose to have your interest paid during your term, but if a regular interest return can allow you to invest more in your term deposit account because you get some of it back, then the slight reduction may be worth it.
• Internet banking or cheque deposits. You can make your initial term deposit investment via an electronic transfer or by positing in a cheque with your application form. You can apply online for a single personal account and if you’re already in front of the computer you can make your transfer right away and activate your account to earn interest as soon as possible. You can also log into internet banking at any time after your account is opened to view your interest earnings and check the approach of your maturity date, as well as use phone banking it you’d prefer.
• Online application form. You can apply over the phone or by posting your application to Macquarie, but if you want to start your investment right away, you can invest just 10 minutes in completing a secureonline application. If your Macquarie term deposit account is going to be a joint account, a business or company account, held in a trust or used as a self managed super account you can’t use the online application form but you can request a call via the Macquarie Bank website to find out more, and download and print the application form the post back.

Current Macquarie Term Deposit Rates

For investment amounts between $10,000 and $1 million, with interest paid at maturity, you can earn:

• A 4.50% interest rate on a one month investment.
• A 5.60% interest rate on a three month investment.
• A 5.20% interest rate on a six, nine or 12 month investment.
• A 5.25% interest rate on a 24 month investment.

If you want to see how the Macquarie term deposit rates and features compare with other top Australian providers, view our comparison tables here. Once you have made a comparison of the term deposit account and interest rates which best suit your needs, you can follow our secure links to start an online application today and make sure you lock in those rates you’ve found now.

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