Macquarie Bank Savings Account Rate Up to 5.25% p.a. (No Conditions)
Macquarie Bank has increased its savings interest rate to 5.25% p.a. for balances up to $250,000. There are no monthly deposit or card transaction hoops required.
Original title
Macquarie Bank Savings Account 5.25% p.a. Interest on up to $250,000, 5.05% to $2M, 4.60% above $2M (No Hoops)
Quick take
- Cash savers wanting high returns
- Anyone tired of monthly hoops
- Non-Australian tax residents
- Zero conditions to earn max rate
- High $250k balance cap
- Rate is variable
- Price
- You pay $2
- Value per hour
- $0
Fill in your profile and we'll tell you whether you can do this (state, visa status, banks, memberships).
Set up my profile →How to do it
- 1Open a savings and transaction account via the Macquarie Bank website or app.
- 2Complete the standard online ID verification.
- 3Deposit your funds to start earning interest immediately.
Conditions
- 5.25% p.a. applies to balances up to $250,000; tiered lower rates above that.
- Must be an Australian resident for tax purposes.
- Variable interest rate subject to change.
Risks
- NoteID verification required. Only submit documents in the official app or website.
- NoteNo end date given. The price or offer could end at any time.
- NoteThe rate is variable and can be reduced if the RBA cuts the cash rate.
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