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).

Award-winning Term Deposits

With great rates and flexibility to choose how often you receive interest payments, Macquarie Term Deposits are helping Australians save more.

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 months4.80% p.a.4.77% p.a.   
6 months4.80% p.a.4.75% p.a.4.77% 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.

If you’re opening multiple term deposit accounts with the same investment term (for example you open multiple accounts over 7 days), we may, acting reasonably, choose to apply the relevant rate across the total value of your term deposits.

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 months4.50% p.a.4.47% p.a.   
6 months4.50% p.a.4.46% p.a.4.47% 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.
Log in online and select ‘Accounts’, then click ‘Open an account’ in the menu to open a term deposit.
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.​

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. Before you start your application, you’ll need to:

  • be an Australian resident
  • be at least 18 years old
  • have a minimum investment of $5,000
  • have a driver’s licence or passport
  • provide the account details for us to direct debit to fund your Term Deposit (this must be in the same name as your Term Deposit)
  • provide your current email and mobile number.

You can elect the amount you wish to invest, the frequency of your interest payments and bank account from which your funds will be debited and returned upon maturity of your Term Deposit account within your application.

Your nominated account must be in the same name as your Term Deposit, be able to accept direct debits and credits, contain sufficient funds for the amount of your investment and cannot be a Macquarie Accelerator or third-party account.

If you are an existing Macquarie customer, you can find your Macquarie ID via the Macquarie Mobile Banking app by selecting Menu, or on Macquarie Online Banking by selecting your profile on the top right of the screen.

If you have forgotten your Macquarie ID, you can retrieve it by selecting Forgot log in details on the login screen.

To apply for a Macquarie Term Deposit account:

  1. Go to macquarie.com.au/termdeposits
  2. Select Apply now
  3. Select the account type you are applying for
  4. Select Next
  5. Enter the details for all applicants and account information
  6. Enter the deposit amount, noting the minimum deposit is $5,000
  7. Select the interest payment options including the frequency and payment method
  8. Enter the details of the account to be debited for your deposit. This is also the account the funds will be returned to upon closure of your Term Deposit. This account must be in the same name as the Term Deposit
  9. Review application once the application is completed. You can make edits by selecting Edit on the relevant section
  10. Select Next once you’re ready to submit the application
  11. You and additional applicants (if any) will receive an email with a link to submit your application and a completion PIN
  12. Enter your completion PIN and tick the box confirming you’ve read and agree to our terms and conditions
  13. Select I accept. This must be completed by each additional applicant (if any) before the application is submitted. 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 repeat the same steps above.

For our latest Term Deposit rates, please visit macquarie.com.au/termdeposits.

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.

You can update your Term Deposit maturity instruction anytime during the life of your Term Deposit and 5 business days or 7 days, whichever is longer, after your term deposit has matured. After this time, if you don't update your maturity instructions, your Term Deposit funds will be reinvested, and you will need to provide 31 days’ notice to withdraw it.

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
    Select View account details in the menu drop-down
    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)
    Select View account details in the menu drop-down
    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
    Select View account details in the menu
    Scroll down and select Update maturity instructions under the Maturity instructions section.

If you need to change the linked bank account for your Term Deposit, please see How do I change my nominated account on my Term Deposit?

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.

Your term deposit will be funded overnight from the bank account that you nominated during the online application, and funds will appear in your account on the day after your Term Deposit has been opened.

Funds may be withdrawn on maturity and will be electronically paid to the nominated bank account. 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. For our latest Term Deposit rates, please visit macquarie.com.au/termdeposits.

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. For further support including accessing funds before maturity, contact your financial adviser, or call us on 1800 806 310, 8am to 7pm (Sydney time) Monday to Friday.

Yes. The Australian Government guarantees aggregated deposits with Australian authorised deposit-taking institutions, including Macquarie Bank, of up to $A250,000.

The Financial Claims Scheme (FCS) is an Australian Government scheme that was established during the 2008 global financial crisis to provide financial protection for consumers in the unlikely event of a failure of a bank, credit union, building society or general insurer.

The FCS provides protection for depositors of banks, credit unions and building societies that are incorporated in Australia (also known as authorised deposit-taking institutions or ADIs), for deposits up to $250,000 per account holder per ADI. The scheme aims to return deposits to account holders within seven days of activation of the FCS.

The FCS can be activated by the Australian Government in the unlikely event that an ADI or general insurer fails.

Once activated, the FCS will be administered by APRA.

The objectives of the FCS are to:

  • protect depositors of ADIs, and claimants of general insurers, from potential loss in the unlikely event of the failure of these institutions;
  • provide depositors with prompt access to their deposits that are protected under the FCS; and
  • support the stability of the Australian financial system.

Further information about the Government Guarantee can be obtained from the APRA website at www.fcs.gov.au.

Support for customers

New accounts

Apply for a Macquarie Bank Term Deposit.

Help and support

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Get in touch

Contact us if you have a question about your account.

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