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A high interest online-only savings account with no fees - because everything counts in business.
Earn up to
Standard variable rate*
Earn an ongoing variable rate of up to 4.65% p.a.
With our fast digital-only application process and instant account opening for eligible businesses.
No monthly fees. Earn interest, no matter how often you withdraw.
Are you new to Macquarie?
You are a new customer if you do not hold a Macquarie product including transaction, savings, online trading, wealth or cash management accounts, term deposits, credit cards, home or car loans.
Standard variable rate*
*On balances up to $2,000,000
| Stepped interest is payable on deposits in Macquarie Business Savings Accounts based on your balance as follows: | |
| Rate | Balance |
| 4.65% p.a. | Up to $250,000 |
| 4.65% p.a. | $250,000.01 – $2,000,000 |
| 4.15% p.a. | $2,000,000.01 and above |
|
The above interest rates are current as at 22 May 2026, are variable and subject to change. For more information on how interest is calculated click here. | |
| Fee type | Fee amount |
| Mobile and online payments | Free |
| Transaction | Free |
| Account keeping | Free |
| Make payments using BPAY® and PayID® through secure online and mobile banking on an immediate or scheduled basis. | |
What is included with the Business Savings Account?
*New customers to Xero only.
What is not included with the Business Savings Account?
| Terms and conditions | Link |
|---|---|
| Bank Accounts terms and conditions | View conditions |
| Macquarie banking terms and conditions | View conditions |
“The online application process only took a few minutes, now my business savings are working harder for my business!”
Hannah
"With flexible and easy access, I love that I’m earning a great rate on my business savings without having to lock my money away.”
Tony
We understand that when you’re running a business, every minute counts. As an online-only account, we’re able to offer you fast and convenient access to online banking and a great interest rate. We also designed the Business Savings Account with a digital application process so that eligible businesses can open an account online in minutes.
For help on how to use your Business Savings Account, visit our Help Centre and search ‘business savings account’ to access account related content.
To check if your business is eligible to open a Business Savings Account, please see the Eligibility Check.
The Business Savings Account cannot be linked to a debit card. You can however make payments from the account using the following methods:
Click here to find out more about the type of payments available on your Macquarie Business Savings Account.
® Registered to BPAY Pty Ltd ABN 69 079 137 518
PayID is a registered trademark of NPP Australia Limited.
You can open a Business Savings Account if:
More information on eligibility requirements is available here. We are working on expanding the eligibility criteria.
There are a few things you’ll need to open your new savings or bank account. Click here to find out more.
Once you’ve set up your new Macquarie Business Savings Account it will be visible in your account list on Macquarie Online and the Macquarie Mobile Banking app. To access your account through Macquarie Online:
The Financial Claims Scheme (FCS) is an Australian Government scheme that provides protection and quick access to deposits in banks, building societies and credit unions in the unlikely event that one of these financial institutions fails. The FCS is commonly referred to as the Australian Government Bank Deposit Guarantee.
The FCS applies to the Macquarie Business Savings Account. Under the FCS, deposits are protected up to a limit of $250,000 for each account holder at any bank, building society, credit union or other authorised deposit-taking institution (ADI) that is incorporated in Australia and authorised by the Australian Prudential Regulation Authority (APRA). To find out more about how the FCS limit is applied, please click here.
Further information regarding your Macquarie account and the Financial Claims Scheme can be found by clicking here.
You can create a PayID using the Macquarie Mobile Banking app or through Macquarie Online Banking.
Before you start, there are a few things you need to have done or your request could be denied:
If you’d like to move your PayID from one Macquarie account to another (e.g. from a personal account to a business account), you’ll need to close the existing PayID and then set it up again with the new account.
Click here find out more.
PayID is a registered trademark of NPP Australia Limited.
You can integrate your Macquarie Business Savings Account with Xero only. For other external accounting software, you can manually import your transaction data.
To find out more please click here.
Macquarie Authenticator connects with your digital banking so you have the control to approve or deny any transactions and account changes in real-time.
This information has been prepared by Macquarie Business Banking, a division of Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502, and does not take into account your objectives, financial situation or needs. Before making any financial investment decision or a decision about whether to acquire a product mentioned on this page, you should obtain and review the PDS, terms and conditions or other offer document(s) relating to that product and also seek independent financial, legal and taxation advice. Target Market Determinations are available at our Design and Distribution hub.
Discover more about the Canstar awards at www.canstar.com.au.
Apple, the Apple logo & iPhone are trademarks of Apple Inc, registered in the U.S. and other countries. App Store is a service mark of Apple Inc.
Android, Google Pay, Google Chrome and the Google Logo are trademarks of Google LLC.
® Registered to BPAY Pty Ltd ABN 69 079 137 518
On balances up to $2,000,000.