New ways to save with your home loan


I bank with Macquarie

Save with great rates and low fees

Save with no application fee, no monthly fees, variable rates and comparison rates from 3.19% pa*.


Save with up to 10 offset accounts

Take advantage of multiple offsets to bucket your savings and reduce the interest you pay by keeping your savings in an offset account.


Save with exclusive rewards

Save up to 10% on eGift cards from over 50 leading retailers in Australia including Apple, Woolworths, Myer and more.


Great rates and low fees

Our competitive rates and low fees could help you pay off your home loan faster. The sooner you switch, the sooner you could start saving.

Rates from

% p.a.

interest rate*

% p.a.

comparison rate

Variable interest rate* and comparison rate for basic owner-occupied home loans with principal and interest repayments.

Fee type Basic home loan Offset home loan
Application fee $0 $0
Monthly fee $0 $0
Annual fee
$0 $248

Other fees and charges may apply.

What is an offset account

An offset account is a transaction or everyday banking account that is linked to your home loan. Every dollar you have in that account 'offsets' the balance of your loan – reducing the amount of interest you pay every month. Because these savings add up over time, you can also use this 'extra' money to pay your loan off faster.

Not all offset accounts are the same, so make sure you check the details. Look for: 

  • a 100 per cent (full) offset account, rather than a partial offset
  • easy access to your offset funds
  • no balance limit or penalties for withdrawal.

A Macquarie home loan can be tailored to have multiple offset accounts linked to one loan, which can help if you're saving for a few big things (like another property, a holiday, a wedding or a new car).


How can I save with an offset account

You can reduce the amount of interest you’re charged on your variable home loan by having your additional funds in an offset account. The money in your offset account is offset daily against the balance of the linked variable loan account, and this can reduce the daily interest charged on the loan account. 

For example, if you have $100,000 in your offset account and the balance of the linked variable loan account is $400,000, you’ll only be charged interest on $300,000.


What if you need to use that $100,000 for an emergency? Well, you can – because an offset account is just like an everyday banking account. You can access your extra funds at any time, although you'll reduce the amount of interest you're saving if you do.

How to get the most from your offset account

Combine your offset with credit card payments

Packaging a credit card1 with your home loan gives you the flexibility to pay for everyday items by credit card, and keep your money in your offset account for longer, further reducing the interest you pay. However, it's important to pay off the balance of your credit card in full each month to keep your savings on track.

Spend and save with exclusive rewards

  • Enjoy discounts of up to 10% on eGift cards to use at over 50 leading stores across Australia including Woolworths, Apple, Myer and more with Macquarie Marketplace.
  • Instantly access eGift cards through the mobile banking app and have them available 24/7 in your account.
  • Either purchase straight from your Macquarie offset acount and transaction account, or redeem using Macquarie rewards points if you choose to package a credit card1 with your home loan.

Award-winning home loans

Secure great rates by refinancing your home loan with our easy online application.

Hear why more Australians are choosing Macquarie

“Best and easiest home loan I ever experienced, professional and friendly staff with great rates and conditions.​”

30 March, 2022

“I would recommend Macquarie to all my friends for their amazing professional attitude and care towards their clients.​”

30 December, 2021

“Thank you for your care, professional attitude and on time settlement of our property. It made switching banks a breeze and I wish we had done it sooner!​”

15 March, 2022

“The whole process was reassuring as the initial bank contact stayed on the application all the way to the end.​”

26 March, 2022

Applying online is easy

Get a quote in 3 minutes and continue to securely apply online.

We're here to help throughout your application and you can save as you go, to pick up where you left off later.


For a faster response, call us on 13 62 27 Monday to Friday 8am - 6pm (Sydney time).

If you'd like to schedule a call, let us know your preferred time and we'll call you back. 


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By submitting this enquiry, I acknowledge that I have read the Macquarie Group privacy policy, and understand that Macquarie will use my personal information to contact me in relation to my enquiry, and for other general marketing purposes.

You can change your marketing preferences by telephoning Macquarie on 1800 806 310 or customising your preferences with the unsubscribe link included in our marketing communications. Please note that all of our calls are recorded. If you do not want your call to be recorded, please advise the Macquarie staff member.

Additional information

This information is provided by Macquarie Bank Australian Credit Licence 237502 and does not take into account your objectives, financial situation or needs. You should consider whether it is appropriate for you. Lending criteria, fees and T&Cs apply.


Rate applies for new loans when you borrow up to 60% of the property value with a principal and interest repayment variable rate loan. Subject to change without notice. 

The comparison rates are based on a loan for $150,000 and a term of 25 years. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Open up to 10 offset accounts per variable loan account if you have an individual or joint borrower home loan. Company and trust borrowers can open up to 4 offset accounts which must be opened at application. Offset accounts cannot be linked to fixed rate loan accounts. For split loans, with a fixed and variable rate portion, the variable rate loan account must have a minimum limit of $20,000 to qualify for an offset account.


Approval is subject to Macquarie credit criteria and suitability assessment. Terms and conditions apply and are available upon request. Fees and charges apply. Allow up to 10 working days to process your application. Rewards are earned on eligible purchases only.

Home loan information and interest rates are current as at 5 August 2022 for new loans only and are subject to change.