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High interest rate

Earn an ongoing variable rate of up to 3.90% p.a.

Easy account opening

With our fast digital-only application process and instant account opening for eligible businesses.

No fees, no catches

No monthly fees. Earn interest, no matter how often you withdraw. 

Check your eligibility before opening an account

Are you new to Macquarie?

Select I’m 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.

What is your business structure?

Great! It looks like you may be eligible for a Macquarie Business Savings Account.

  • Have your ID ready for digital verification (Australian driver licence or passport)
  • Make sure your business details are up to date with ASIC and that you have an active ABN
  • Applications will be saved after ID verification, so you can come back to it later if needed.
Open online

Are you a director of the company?

Are any shares held on behalf of a trust?

Good news! We have accounts for company structures that include trusts and self-managed super funds.

The Macquarie Cash Management Accelerator Account (Accelerator) is a savings account linked to the Macquarie Cash Management Account (CMA) which you might want to consider.

  • Earn a great interest rate
  • No minimum balances
  • No fees.
Continue to CMA


The Macquarie Business Savings Account, Macquarie Cash Management Account and Macquarie Cash Management Accelerator Account are deposit products issued by Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502. The above information doesn't take into account your objectives, financial situation or needs - please consider whether it's right for you.

Are there any non-director individuals that hold at least 25% of ownership shares?

Good news! We have accounts for company structures that include trusts and self-managed super funds.

The Macquarie Cash Management Accelerator Account (Accelerator) is a savings account linked to the Macquarie Cash Management Account (CMA) which you might want to consider.

  • Earn a great interest rate
  • No minimum balances
  • No fees.
Continue to CMA


The Macquarie Business Savings Account, Macquarie Cash Management Account and Macquarie Cash Management Accelerator Account are deposit products issued by Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502. The above information doesn't take into account your objectives, financial situation or needs - please consider whether it's right for you.

Great! It looks like you may be eligible for a Macquarie Business Savings Account.

  • Have your ID ready for digital verification (Australian driver licence or passport)
  • Make sure your business details are up to date with ASIC and that you have an active ABN
  • Applications will be saved after ID verification, so you can come back to it later if needed.
Open online

Only company directors are able to open a Business Savings Account.

If you aren’t a company director, please ask your company directors to apply instead.

Good news! We have accounts for company structures that include trusts and self-managed super funds.

The Macquarie Cash Management Accelerator Account (Accelerator) is a savings account linked to the Macquarie Cash Management Account (CMA) which you might want to consider.

  • Earn a great interest rate
  • No minimum balances
  • No fees.
Continue to CMA


The Macquarie Business Savings Account, Macquarie Cash Management Account and Macquarie Cash Management Accelerator Account are deposit products issued by Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502. The above information doesn't take into account your objectives, financial situation or needs - please consider whether it's right for you.

Good news!

While the Macquarie Business Savings Account is currently only available to new customers, you might want to consider a Macquarie Cash Management Accelerator Account (Accelerator), if your business doesn't already hold one. The Accelerator is a savings account that links to the Macquarie Cash Management Account (CMA) and offers:

  • A great interest rate
  • No minimum balances
  • No fees.
Continue to CMA


The Macquarie Business Savings Account, Macquarie Cash Management Account and Macquarie Cash Management Accelerator Account are deposit products issued by Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502. The above information doesn't take into account your objectives, financial situation or needs - please consider whether it's right for you.

Rates and features

Interest rates

3.90
% p.a.

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:
RateBalance
3.90% p.a.Up to $250,000
3.90% p.a.$250,000.01 – $2,000,000
3.40% p.a.$2,000,000.01 and above

See previous interest rates

The above interest rates are current as at 15 August 2025, are variable and subject to change. For more information on how interest is calculated click here.

Account fees

Fee typeFee amount
Mobile and online paymentsFree
TransactionFree
Account keepingFree
Make payments using BPAY® and PayID® through secure online and mobile banking on an immediate or scheduled basis.

Account features

What is included with the Business Savings Account?

  • A competitive savings rate
  • Quick and easy access to your savings 
  • No monthly fees
  • Multiple ways to pay
  • Award-winning mobile app and online platform
  • Access to eGift cards with Macquarie Marketplace
  • Industry-leading digital security
  • Link your account with Xero and receive 90% off for 6 months*

*New customers to Xero only.

What is not included with the Business Savings Account?

  • A debit card
  • Eftpos facilities
  • A dedicated relationship manager

Transaction limits

Transaction typeLimit

Daily Pay Anyone Payment limit

The $100,000 limit applies if you use the Macquarie Authenticator App. Otherwise, a default limit of $2,000 applies. Your applicable daily limit applies to all of the daily Pay Anyone (including PayID and PayTo) payments you make across all your eligible accounts linked to your Macquarie ID. 

$100,000 daily

PayID limit

This limit operates as a sub-limit of the daily Pay Anyone limit. The $10,000 limit applies per account if you use the Macquarie Authenticator App. Otherwise, the default limit of $2,000 applies.

Note – the $10,000 per account limit does not apply to payments made to accounts held with Macquarie but the daily Pay Anyone limit still applies.

$10,000 daily, per account

PayTo limit

This limit operates as a sub-limit of the daily Pay Anyone payment limit. The PayTo limit is the maximum value of a single agreement.

The $25,000 limit applies if you use the Macquarie Authenticator app. Otherwise, a default limit of $2,000 applies. This limit will be progressively introduced from 17 December 2024.

$25,000 per PayTo agreement

Daily BPAY limit

Some billers may impose their own limits.

Up to the available balance of your account

Terms and conditions

Terms and conditionsLink
Bank Accounts terms and conditions View conditions
Macquarie banking terms and conditionsView conditions

Frequently asked questions

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:

  • BPAY®
  • NPP Payments (PayID®)
  • Internal Transfers and Pay Anyone Payments
  • Direct Credit
  • Direct Debit

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:

  • You are a sole trader or the director of an Australian proprietary company
  • You are a permanent resident of Australia
  • You or your business do not hold any of these Macquarie products: transaction, savings or cash management account, term deposit, home or car loan, credit card, online trading or wealth account
  • You or your business do not hold an AFSL and are not an authorised AFSL representative
  • There are no trusts in your entity structure.

More information on eligibility requirements is available here. We are working on expanding the eligibility criteria. If you aren't currently eligible and would like to be notified when you become eligible, please register your interest.

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:

  1. Go to macquarie.com.au/everyday-banking
  2. Click Login
  3. Select Personal > Macquarie Online
  4. Log in with your Macquarie ID

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: 

  • make sure your PayID (your mobile number) is not registered at another bank
  • you hold an eligible Macquarie account that can be linked to your PayID as some accounts such as a Macquarie Cash Management Account cannot be linked
  • we completed verifying your identity
  • if you have a joint account, one or more PayIDs can be registered to an account, provided each PayID is unique and not already in use.

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.

Why small businesses are choosing Macquarie 

“The online application process only took a few minutes, now my business savings are working harder for my business!” 

Hannah

ParkSweat
Sole trader

"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

Aesthetics Architecture  P/L
Company Director

Secure banking with Macquarie

Macquarie Authenticator connects with your digital banking so you have the control to approve or deny any transactions and account changes in real-time. 

Macquarie Authenticator protects you around the clock, even when travelling or when you have no mobile reception, so you’re in control 24/7.

Open online

Open your Business Savings Account in just a few minutes.

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Download the app

Download the Macquarie Mobile Banking app to apply and start managing your banking on the go.

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Help and support

Visit our online Help Centre.

Your questions answered

Additional information

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.