What you'll need to open a 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. 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 account:
    • must be the same name as your Term Deposit
    • must be able to accept direct debits and credits
    • must contain sufficient funds for the amount of your investment, and
    • cannot be a Macquarie Cash Management Accelerator Account or third-party account.
  • provide your current email address and mobile number.

Find your Macquarie ID

If you are an existing Macquarie customer, you can find your Macquarie ID via the Macquarie Mobile Banking app by selecting Menu and View and edit profile, 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. See Your Macquarie ID and password for more information on accessing your accounts.

How to apply for a Macquarie Term Deposit

To apply for a Macquarie Term Deposit account:

  1. Go to Macquarie Term Deposits
  2. Select Apply now
  3. Follow the prompts and select your account type 
    • If you are applying as an individual, you’ll need to have a Macquarie Transaction account to be able to apply for a Term Deposit. Once you’ve opened and funded your Transaction account, login to your account, select ‘Accounts’ and click ‘Open an account’ to open a Term Deposit.
    • If you are applying for an account in another structure e.g. as a joint account, or on behalf of a business, SMSF or trust, select this option on the screen to be taken to our online application form.

Each applicant must read and agree to our terms and conditions 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.


For our latest Term Deposit rates, please visit Macquarie Term Deposits.

Make a deposit into your Term Deposit account

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.

More information on Term Deposits

Start a live chat

Log in to Macquarie Online Banking or the Macquarie Mobile Banking app and chat with a consultant in real time, Monday to Friday, 9am to 5pm Sydney time (excluding public holidays).

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