Macquarie Bank Term Deposits

Great returns, easily

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Features and benefits

Term 1
mth
3
mth
4
mth
6
mth
9
mth
1
yr
2
yr
3
yr
5
yr
Rate %pa* 2.65 3.50 3.50 3.50 3.55 3.60 3.85 4.00 4.40

  • Minimum investment $10,000
  • Competitive interest rates on a range of investment terms up to 60 months
  • SMSF ready: can be invested in by self-managed super funds (SMSF’s)
  • No ongoing fees: no establishment, monthly account keeping or management fees
  • Specialised service: our commitment to service means you speak to a real person every time~
  • Online application# and electronic verification: this convenient application process is secure and fast#
  • Security: covered by the Australian Government Guarantee^ for aggregate deposits held with Macquarie Bank of up to $A250,000.

 

Brochures and forms

Macquarie Bank Term Deposit


Identification forms

The identification form varies based on the type of account you are opening. Please select the relevant identification from the list below.

Account type Identification form(s)
Individual, Joint, Sole Trader, Deceased Estate or investing for a child under the age of 18 Incorporated in the Application form
Non Corporate Trust or Superannuation Fund

Regulated Trust

Unregulated Trust

Corporate Trust or Superannuation Fund

Regulated Trust

Unregulated Trust

Australian Company

Foreign Company

Australian Company Australian Company
Registered Co-operative Registered Co-operative
Association Associations
Partnership Partnership
Government Body Government Body

Frequently asked questions

Macquarie Bank Term Deposits

How secure is my deposit?

The Macquarie Bank Term Deposit is a deposit with Macquarie Bank Limited (ABN 46 008 583 542) (Macquarie Bank) and is eligible for coverage under the Financial Claims Scheme (FCS) (commonly referred to as the Australian Government deposit guarantee). 

The FCS has been established by the Australian Government to provide depositors with locally incorporated Authorised Deposit-taking Institutions (ADIs) (such as Macquarie Bank) a guarantee on deposits. 

Further information about the Financial Claims Scheme can be obtained from the APRA website at www.apra.gov.au and the APRA hotline on 1300 558 849.

Which are the terms I can choose?

Macquarie offers a range of terms, from one month to five years. The interest rate varies depending on the term you choose. You should consider when you will need to access your funds and what interest rate you want to earn before choosing a term.

What if I need to access my funds before my term deposit ends?

You can ask to access your investment before the end of the term. Any request to make changes to your Term Deposit before its agreed maturity date will result in an interest adjustment. The interest adjustment is 25% of earned interest and will be deducted from the interest paid to you. Please read the full Terms and Conditions in the Product Information Statement for further details.

What happens at maturity?

When your deposit matures, you have a number of options. You can:

  • rollover the capital and interest into another Term Deposit
  • rollover the capital into another Term Deposit and have the interest paid out
  • increase or reduce the size of your investment when it rolls
  • have the principal and interest paid out into your nominated account

If you do nothing, your term deposit automatically rolls over for the same term at the rate of the day.

How can I keep track of my investment?

You can see your balance online, which is available 24 hours a day, seven days a week. To log in you'll need to enter both your Macquarie Access Code (MAC) and password. Alternatively you can call us on 1300 739 980.

When you apply for a Term Deposit, if you do not already have a MAC, one will be issued to you.

How often do the rates change?

The rates are set each morning by Macquarie and updated on our website before 10am. The interest rate applicable on the Macquarie Term Deposit is the interest rate on the day of the account opening after all account opening conditions have been met and your investment received.

How do I deposit my money with Macquarie?

Once you have completed the application form, and have the relevant documentation, you can make a deposit by Direct Debit. Funds will be automatically debited from your nominated bank account when your application is processed.

If you wish to make additional deposits at maturity this will also be debited from your nominated account.

How long will it take to set up my account?

Where a completed application form is received prior to the lodgement time outlined in the Product Information Statement, the account will be opened the same day.

How do I know when my Macquarie Bank Term Deposit Account is open?

We will confirm your account details and Macquarie Online login details in writing.

Why do I need to complete an identification form?

The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 and Foreign Account Tax Compliance Act (FATCA) require the collection and verification of specific information from clients.

When do I need to provide an identification form?

You must supply an identification form unless you are an existing active Macquarie account holder.

We may require further information from you from time to time in order to meet our obligations under AML/CTF Laws, FATCA and/or Macquarie’s internal policies and procedures

How do I get my identification forms certified?

A certified copy is a document that has been certified as a true and accurate copy of the original document.

This can be done by approaching one of the authorised certifiers below. The authorised person should also print their name and position and if possible affix an official stamp.

  • Legal Practitioner
  • Judge of a Court
  • Magistrate
  • CEO of a Commonwealth Court
  • Registrar or Deputy Registrar of a Court
  • Justice of the Peace
  • Notary Public
  • Police Officer
  • Agent of Australia Post
  • Australian Consular or Diplomatic Officer
  • Officer of Financial Institution (min. two yrs)
  • Australia Post Employee (min. two yrs)
  • Finance Company Officer (min. two yrs)
  • Officer or Authorised Representative of Australian Financial Services Licensee (min. two yrs)
  • Member of the Institute of Chartered Accountants, CPA Australia or the National Institute of Accountants (min. two yrs membership)

How do I know the rate I will receive?

Term Deposit rates may vary daily. The rate you will receive on your deposit is the relevant rate on the day your funds are invested. 

You will receive a confirmation of your investment in writing which will include the interest rate applicable to your account.

Ready for great returns, easily?

Call us on 1800 245 555, apply now or speak to your financial adviser.

Contact us

Service

1800 806 310

Sales

1800 245 555

or speak to your financial adviser

 

Term deposit calculator

Term deposit calculator

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