Macquarie Bank Term Deposit

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.