Frequently asked questions

How many Frequent Flyer points+ will I earn on my investment?

This will be determined by the amount invested and by the term of the deposit. Points can be calculated on the Reward Point Calculator or by calling 13 62 74.

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What investment terms are available?

From six months to three years. For terms of over three years please call 13 62 74.

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How much can I invest?

Any amount from $10,000 to $5,000,000.

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What interest rate will I earn?

Macquarie Bank rates are extremely competitive and charge in line with market conditions. Up to date market rates are displayed via the Reward Point Calculator or by calling 13 62 74.

Rates displayed in the rate calculator are for deposits up to $1,000,000 only. For quotes on amounts above $1,000,000 please call 13 62 74.

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Are there any bank fees or charges?

There are no bank fees on Macquarie Bank Term Deposits under this offer.

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Is my investment safe?

As a licensed Australian trading bank, Macquarie Bank Ltd offers full bank security.

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How will my interest be paid?

Interest will be electronically credited to a bank account in your name, on a quarterly basis.

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What happens to my investment on maturity or roll over?

Upon maturity, we will repay or re-invest all or part of your deposit in accordance with your instructions. Where we have not received any instructions prior to maturity, we will roll your deposit again to the same term at the current market rate. In the event that a Term Deposit is rolled over, it will be treated as a new deposit and earn more Qantas Frequent Flyer Points. To advise Macquarie Bank of your instructions, please call 13 62 74.

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Will I receive an annual interest summary?

Yes, you will receive an annual interest statement in July, for taxation purposes.

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How do I open a Macquarie Term Deposit?

  1. Complete the application form, including your Frequent Flyer number.
  2. Attach your cheque, payable to Macquarie Bank Limited.
  3. Post to:
    Macquarie Bank Limited
    Money Markets
    GPO Box 4294
    Sydney NSW 1164

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For further information on this product call Macquarie Bank on 13 62 74.

+ You must be a member of the Qantas Frequent Flyer program to earn and redeem points. Membership and points are subject to the terms and conditions of the Qantas Frequent Flyer program. A joining fee applies. For more information visit qantas.com.au/frequentflyer. Award seats are limited and may not be available on every flight.
All applications are subject to the normal credit approval criteria set by individual lenders. Full terms, conditions and schedule of fees are set out in the relevant loan contracts. Terms and conditions, including fees and charges, may be varied or introduced in the future. Fees and charges are payable. Government charges and taxes may apply. Click here to view full terms and conditions of the offer.
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The Macquarie Flyer Home Loan Service allows Qantas Frequent Flyer members to earn Qantas Frequent Flyer points on their home loan. Whether you’re a first home buyer, property investor or looking to refinance, you can benefit from competitive interest rates, flexible features and great frequent flyer rewards.