Macquarie Macquarie Savings Account — Interest Rate & Review

Macquarie's savings account is the market's leading no-hoops option: a welcome intro rate for four months, then a competitive ongoing rate with no monthly deposit, transaction or balance-growth conditions.

⏱ This is an introductory rate for 4 months. After that it reverts to the ongoing base rate of 5.00% — set a reminder to move your money or renegotiate.

Macquarie Macquarie Savings Account at a glance

The conditions, in plain English

See the bank’s terms for full conditions.

Macquarie Bank, est. 1969. Data source: Macquarie Consumer Data Right product feed.

How it compares

#	Bank & product	Max rate p.a.	Base rate	Conditions	Bonus cap	Fee
1	RabobankRabobank High Interest Savings Account	5.90%Introductory	4.00%	Intro rate	$250,000	No fee
2	ubankubank Save	5.85%Introductory	—	Intro rate	$100,000	No fee
3	INGSavings Maximiser	5.49%Bonus (conditional)	0.01%	Monthly conditions	—	No fee
4	UpUp Saver	5.35%Ongoing (unconditional)	5.35%	No monthly conditions	$5,000	No fee
5	ANZ PlusANZ Plus Flex Saver	5.10%Ongoing (unconditional)	5.10%	No monthly conditions	$5,000	No fee

Sorted by maximum advertised rate (an objective sort, not a recommendation). “Max rate” is the highest rate the product can pay; most require monthly conditions or are introductory. Base rate is what you earn if conditions aren’t met / after the intro period. Figures from Open Banking feeds, 24 August 2026 — verify with the bank.

See the full savings account comparison →

Macquarie savings — FAQ