Features and benefits

A secure investment

Lock in an interest rate for a term that suits your needs. 

Calculate how much you can save

View all interest rates

Flexible interest payments and investment terms

You can choose how often you receive interest payments and a range of investment terms to suit your needs and overall investment strategies. 

A connected, digital experience

You can apply online, and link your term deposit directly to your existing Macquarie Cash Management Account (CMA), giving you more flexibility to manage your investments and control your cashflow.

Award-winning SMSF solution1

By linking our award-winning term deposit and cash solutions,  you can simplify your self-managed super fund (SMSF) accounting, tax returns and end-of-year financial reporting.

Government guarantee

The Australian Government guarantees aggregated deposits of up to A$250,0002 with Australian authorised deposit-taking institutions.

All interest rates

Rates for term deposits of $1 million and under

Term Interest paid at maturity Interest paid monthly Interest paid quarterly Interest paid annually
1 month 0.05% p.a. 0.05% p.a.    
2 months 0.05% p.a. 0.05% p.a.    
3 months 1.25% p.a. 1.25% p.a. 1.25% p.a.  
4 months 1.15% p.a. 1.15% p.a.    
6 months 1.90% p.a. 1.89% p.a. 1.90% p.a.  
9 months 2.20% p.a. 2.18% p.a. 2.19% p.a.  
1 year 2.75% p.a. 2.72% p.a. 2.72% p.a. 2.75% p.a.
2 years   3.25% p.a. 3.26% p.a. 3.30% p.a.
3 years   3.30% p.a. 3.31% p.a. 3.35% p.a.
4 years   3.45% p.a. 3.45% p.a. 3.50% p.a.
5 years   3.45% p.a. 3.45% p.a. 3.50% p.a.

 

 

 

Rates for term deposits greater than $1 million

Term Interest paid at maturity Interest paid monthly Interest paid quarterly Interest paid annually
1 month 0.00% p.a. 0.00% p.a.    
2 months 0.00% p.a. 0.00% p.a.    
3 months 1.20% p.a. 1.20% p.a. 1.20% p.a.  
4 months 1.15% p.a. 1.15% p.a.    
6 months 1.80% p.a. 1.79% p.a. 1.80% p.a.  
9 months 2.20% p.a. 2.18% p.a. 2.19% p.a.  
1 year 2.65% p.a. 2.62% p.a. 2.62% p.a. 2.65% p.a.
2 years   3.01% p.a. 3.02% p.a. 3.05% p.a.
3 years   3.30% p.a. 3.31% p.a. 3.35% p.a.
4 years   3.45% p.a. 3.45% p.a. 3.50% p.a.
5 years   3.45% p.a. 3.45% p.a. 3.50% 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

Document Link
Term deposit product information statement Download PDF
Term deposit further information booklet Download PDF
Term deposit application guide Download PDF

Apply today

To open a Macquarie Term Deposit, you’ll first need to complete our online application.

While we no longer accept paper applications, our electronic verification makes it faster and easier than ever to apply.

Open an account if you:

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

What happens next?

Once you’ve completed your application online, we’ll need to 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 and you’ll be able to view and manage your account in the Macquarie Mobile Banking app.

A close up shot of a hand holding a phone with the Macquarie bank app open

Easy account management

Once your account is opened, you can securely access and manage your term deposit in the Macquarie Mobile Banking app.

From the palm of your hand you can quickly and easily:

  • view your balance, rate, and maturity
  • update your maturity instructions to reinvest or withdraw your funds.

Your available accounts will be listed on your dashboard when you log in.

Frequently asked questions

To open a Macquarie Term Deposit account, you’ll need to complete an online application. We’ve designed this process to be as quick and easy as possible, so you can start using your account straight away. Before we can open your account, we’ll verify your identity and may ask you for some additional information. 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.

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.

All deposits to a Macquarie Term Deposit account are made via direct debit from a nominated bank account. The direct debit and nominated bank account are established during the account opening process. Additional deposits can be made on the maturity date.

To change a nominated bank account, or for support with depositing or withdrawing funds, contact your financial adviser, or call us on 1800 806 310 (+61 7 3233 8111), 8am to 7pm (Sydney time) Monday to Friday.
You can provide maturity instructions for your Term Deposit via Macquarie Online Banking or Macquarie Mobile Banking app to:
  • Reinvest principal and interest
  • Reinvest principal
  • Fully withdraw

To provide maturity instructions in Macquarie Online Banking:
  1. Hover on your Term Deposit account in the account list
  2. Select I want to
  3. Select View account details in the menu drop-down
  4. Select Update maturity instructions under the Maturity instructions section.

Alternatively, you can:
  1. Select your Term Deposit account from the account list
  2. Select I want to in the banner near your account product name (or account nickname)
  3. Select View account details in the menu drop-down
  4. Select Update maturity instructions under the Maturity instructions section.

To provide maturity instructions in the Macquarie Mobile Banking app:
  1. Select your Term Deposit account from the account list
  2. Select the I want to button
  3. Select View account details in the menu
  4. Scroll down and select Update maturity instructions under the Maturity instructions section.

For maturity instructions outside the above options (such as partial withdrawals and additions), please email transact@macquarie.com

Alternatively, please call us on 1800 806 310, 8am to 7pm (Sydney time) Monday to Friday.

For Term Deposit lodgement times, please refer to the Macquarie Bank Term Deposit Further Information Guide.

If you need to change the linked bank account for your Term Deposit, please see here.
Funds may be withdrawn on maturity and will be electronically paid to the nominated bank account unless an alternative bank account number is provided. If no instructions are received by the maturity date, your term deposit will automatically roll over for the same term at the applicable interest rate offered on that maturity date.

If you wish to withdraw funds prior to maturity you must usually provide us with 31 days’ notice. If you have less than 31 days remaining of your term, the earliest you can access your funds is at maturity. In cases of financial hardship the notice period may be waived. If you close your account prior to maturity we will apply an interest adjustment.

To change a nominated bank account, please complete the Macquarie Cash Solutions Account Nomination form or for further support including accessing funds before maturity, contact your financial adviser, or call us on 1300 739 980 (+61 7 3233 8136), 8am to 7pm (Sydney time) Monday to Friday.

New accounts

Apply for a Macquarie Bank Term Deposit.

Talk to us

Monday to Friday 8am – 7pm (Sydney time)

1800 806 310

Help and support

Visit our online 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.

1

Winner of the SMSF Awards 2019 Cash and Term Deposit Platforms.

2

A guarantee cap of $250,000 per account holder per institution applies. Further information about the Government Guarantee can also be obtained from the APRA website at www.fcs.gov.au.