Macquarie Bank Term Deposit

Opening a term deposit can give the investor a great return on their money because term deposit accounts offer some of the best interest rates that are available on savings, plus the return is guaranteed, just like the interest rate, for the length of the term.

Compare the Features of a Macquarie Bank Term Deposit

If you have some money that you would like to invest in a term deposit that’s got high interest, is well managed and is fee free then you should look at a Macquarie Bank term deposit. Reasons for choosing a Macquarie bank term deposit:

• Choice of interest rates and terms: Having the freedom to choose the interest rate and the time frame of the investment makes it easier for you to make a decision on which investment suits you
• Money invested in a Macquarie bank term investment is well managed. Australian banks are the some of the best managed banks
• in the world and Macquarie bank was the first in Australia introduce a cash management trust this means that you know your money is being looked after by some of the best professionals in the world.
• No establishment or account keeping fees. The term deposits offered by Macquarie bank have no monthly account keeping fees or establishment fees this means that not only will you be getting a great interest rate but you be keeping as much of the profit as possible.
• Ease of opening accounts. Macquarie bank term deposits are extremely easier open. You can download the application form from the Macquarie bank website and after completing it return it by post or you can Fast Track application by completing the form online which will take approximately 10 minutes. After you’ve completed the application forms you will also be required to complete the identification form so that you can have your identity verified.
• Macquarie bank offers high interest. The Macquarie bank will offer you high interest rates if you open one of their term deposit accounts this means that you’ll be receiving a greater interest rate than you would normally receive in everyday savings or transaction account helping you reach your financial goals sooner.
• A guaranteed investment return. Once you open a Macquarie bank term deposit then you are guaranteed to receive the interest rate and return that you choose when you opened the account. Meaning that you want have to worry about having to manage the investment yourself, you just get to sit back and contemplate how you are going to spend or reinvest you earnings.
• Term deposits are easy to understand. Because Term deposits are so simple and safe to use they are perfect for the person that’s new to investments and does not understand other more complicated types of investment. This means that a green investor can still earn money while learning about other types of investments.

Current Interest Rates

Macquarie bank currently have the following interest rates on offer for their term deposits accounts:

• With a deposit of $20,000 and a one-month investment you will receive 4.50% per annum.
• With a deposit of $20000 and a 6month investment you will receive 5.65% per annum
• With a deposit of $20,000 and a 12 month investment you will receive 4.75% per annum.
• If you have a deposit of $20,000 on a 24 month investment you will receive 5.00% per annum.

If you would like to compare Macquarie Bank term deposits to the other leading term deposit providers in Australia then you can do so at the Savings Account Finder™ comparison tables here then after choosing the best term deposit and provider for your situation follow the secure link to their website to open an account.