Term Deposit
Lock in solid returns for your clients
Features
Lock in solid returns for your clients and get a crystal clear view of their Macquarie cash portfolios.
Ideal for: clients wanting a fixed-term, with returns locked in at an attractive rate.
Adviser benefits
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Online access and visibility – so you have a crystal clear view of your clients’ Macquarie cash portfolios
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Take control, save time, apply online – using online applications with electronic verification
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Exceptional service – dedicated adviser services team to make your day-to-day client management a whole lot easier
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Flexible commission options – your clients can nominate your trail commission with options from 0.00% pa to 0.25% pa.
Client benefits
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Competitive interest rates across a range of terms from 1 month to 5 years+
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No establishment or account keeping fees
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Easy application and management through your adviser
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SMSF ready
Term deposit interest rates - deposits up to $1 million
Additional rates are available for other interest payment options, including monthly, quarterly,
half-yearly, annually and at maturity. View more rates
Frequently asked questions
How often do the rates change?
The term deposit interest rates are based on the overnight cash market. The rates are set each morning by Macquarie Treasury and updated on our website before 10am. Please check the rates on the website on the morning your client will be applying to be sure of the rate they will receive.
How long will it take to setup my client’s term deposit?
Macquarie uses a faster online application process to enable quick and easy account opening. We use electronic identification to confirm your clients’ details. After all clients have electronically authorised the account, if we can electronically verify the details of all the applicants and entities in the application, no further follow up is required and if the application was submitted before 3pm on a business day, the account will be opened that day. Applications submitted after 3pm will be opened on the next business day.
Will my client's funds be locked away?
Yes. However, your client may request to withdraw funds from their Term Deposit prior to the agreed maturity date. This will be at our discretion and an interest adjustment may apply. See Making changes to a Term Deposit before maturity in the Product Information Statement for more information.
How do I open a Macquarie Term Deposit account for my client?
You can submit an online application through Macquarie Access.
Macquarie Access now has a New accounts page which is accessible by selecting
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Clients and accounts > Open new accounts or
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the Open new accounts button on the right-hand panel.
The your.clients applications will continue to be available for a short period of time while users become familiar with the new process and train relevant staff.
Forms
Application forms
Online registration
Third party authority
Account maintenance
Transacting forms
Deceased estates
Fast fax
Offer documents
Online applications
New faster online applications with electronic verification make it easier than ever for your clients to apply for a Macquarie Bank Term Deposit. This application process is simple, fast and convenient for you and your clients. You have control over the application from the start and have the ability to begin the application process on behalf of your client and then track the status of the application as it progresses.
Electronic verification means that in most cases we can identify your clients online and funds can be deposited straight away1. However, we will require your clients’ signatures and identification paperwork before they can manually withdraw funds or make changes to the account2.
Four easy steps to open an account
More information
Start an application.
Download our frequently asked questions or phone 1800 808 508 for more information.
Contact us
Australian Capital Territory/New South Wales
Victoria/Tasmania
Queensland/Northern Territory
South Australia
Western Australia
