Term deposit

A simple, secure investment to help boost your savings with a competitive fixed interest rate.

Featured rates

4.70
% p.a.

for 6 months

4.65
% p.a.

for 1 year

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A secure investment

Lock in a great rate for a term that suits your needs and investment strategies. Choose how often you receive interest payments for added flexibility.

Easy account management

View your balance, rate and maturity in the Macquarie Mobile Banking App. Plus, you can update your maturity instructions to reinvest or withdraw funds in the mobile app. 

A connected, digital experience  

Simplify your self-managed super fund (SMSF) accounting, tax returns and end-of-year financial reporting by linking your Macquarie Term Deposit to your Macquarie Cash Management Account (CMA).

Rates and information

Featured interest rates

Rates for term deposits of $1 million and under

TermInterest paid at maturityInterest paid monthly
3 months4.80% p.a.4.78% p.a.
6 months4.70% p.a.4.65% p.a.
9 months4.65% p.a.4.58% p.a.
1 year4.65% p.a.4.55% p.a.

 

These rates apply to Macquarie Personal Banking clients only. If you’re a Macquarie Business Banking client please contact your Relationship Manager for applicable Term Deposit rates.

Term Deposit funds are locked in until maturity. Learn about withdrawing funds prior to maturity.

All interest rates

I want to deposit...

Rates for term deposits of $1 million and under

TermInterest paid at maturityInterest paid monthlyInterest paid quarterlyInterest paid half yearlyInterest paid annually
1 month0.05% p.a.0.05% p.a.   
2 months0.85% p.a.0.85% p.a.   
3 months4.80% p.a.4.78% p.a.4.80% p.a.  
4 months4.75% p.a.4.72% p.a.   
6 months4.70% p.a.4.65% p.a.4.67% p.a.  
9 months4.65% p.a.4.58% p.a.4.60% p.a.  
1 year4.65% p.a.4.55% p.a.4.57% p.a.4.60% p.a.4.65% p.a.
2 years 4.27% p.a.4.28% p.a.4.30% p.a.4.35% p.a.
3 years 4.17% p.a.4.18% p.a.4.21% p.a.4.25% p.a.
4 years 4.17% p.a.4.18% p.a.4.21% p.a.4.25% p.a.
5 years 4.17% p.a.4.18% p.a.4.21% p.a.4.25% p.a.

 

These rates apply to Macquarie Personal Banking clients only. If you’re a Macquarie Business Banking client please contact your Relationship Manager for applicable Term Deposit rates.

Term Deposit funds are locked in until maturity. Learn about withdrawing funds prior to maturity.

Rates for term deposits greater than $1 million

TermInterest paid at maturityInterest paid monthlyInterest paid quarterlyInterest paid half yearlyInterest paid annually
1 month0.00% p.a.0.00% p.a.   
2 months0.75% p.a.0.75% p.a.   
3 months4.50% p.a.4.48% p.a.4.50% p.a.  
4 months4.45% p.a.4.43% p.a.   
6 months4.45% p.a.4.41% p.a.4.43% p.a.  
9 months4.40% p.a.4.34% p.a.4.35% p.a.  
1 year4.35% p.a.4.27% p.a.4.28% p.a.4.30% p.a.4.35% p.a.
2 years 3.98% p.a.3.99% p.a.4.01% p.a.4.05% p.a.
3 years 3.88% p.a.3.89% p.a.3.91% p.a.3.95% p.a.
4 years 3.88% p.a.3.89% p.a.3.91% p.a.3.95% p.a.
5 years 3.88% p.a.3.89% p.a.3.91% p.a.3.95% p.a.

 

These rates apply to Macquarie Personal Banking clients only. If you’re a Macquarie Business Banking client please contact your Relationship Manager for applicable Term Deposit rates.

Term Deposit funds are locked in until maturity. Learn about withdrawing funds prior to maturity.

Offer documents

DocumentLink
Term deposit product information statementDownload PDF
Term deposit Application GuideDownload PDF

Account fees

Fee typeFee amount
Early break fee25% of interest earned

At least 31 days' notice required to close your account and access funds prior to the maturity date, except in cases of hardship. Please see Product Information Statement for more information.

 

 

Open a term deposit

To open a Macquarie Term Deposit, you must be:

  • a permanent resident of Australia; and

  • have a minimum investment of $5,000. 

I am...

Firstly, have you opened a Macquarie Transaction Account?
To open a Macquarie Bank Term Deposit, you’ll first need to open a Macquarie Transaction Account.
Open a transaction account
Log in online and select ‘Accounts’, then click ‘Open an account’ in the menu to open a term deposit.
Log in to apply
Before you get started, please read the application guide, which outlines the information you'll need to provide during the application process. After approval, we’ll direct debit funds from your nominated account.​
Apply online

Frequently asked questions

Yes, you can open a Macquarie Term Deposit if you:

  • are 18 years old or over
  • are a permanent resident of Australia; and
  • have a minimum investment of $5,000.

To open an account, you’ll need to complete an online application. Before we can open your account, we’ll verify your identity and may ask you for some additional information. When your application has been approved, we’ll direct debit the funds from the account number that you nominate on your application. We recommend reading our terms and conditions before applying.

To apply for a Macquarie Term Deposit account:

  1. Go to macquarie.com.au/everyday-banking/term-deposits
  2. Select Apply now.

If you need to pause your application partway through, we’ll send you an email so you can resume it when you’re ready.
If you’d like to open an additional Term Deposit, simply follow the same steps above.
Current Term Deposit rates are also available by following the above link.

For more help and support topics, visit Macquarie Help Centre

Additional information

This information has been prepared by Macquarie Bank Limited 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, a person should obtain and review the terms and conditions and/or relevant offer document relating to that product and also seek independent financial, legal and taxation advice.

Discover more about the Canstar Bank of the Year - Savings award at www.canstar.com.au

Except for Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502 (MBL), any Macquarie entity referred to on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth). That entity’s obligations do not represent deposits or other liabilities of MBL. Any investments are subject to investment risk including possible delays in repayment and loss of income and principal invested. MBL does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.

© Macquarie Group Limited