Macquarie Bank is an investment bank and financial services company. Founded in 1969, it has over 14,000 staff in 25 countries, with its headquarters based in Sydney, Australia.
Today, Macquarie Bank offers a competitive range of home loans, credit cards, personal loans, credit cards and savings accounts.
Customers can contact Macquarie Bank via:
Benefits
Drawbacks
Use our term deposit calculator to see how much you can earn under different investment scenarios.
Final balance at the end of term would be
Macquarie Bank offers term deposits from 1 month to 5 years. Interest is paid monthly, quarterly, annually or at maturity.
Its term deposit rates range from low for shorter-term deposits, through to moderate and high for longer-term deposits.
Macquarie Bank does not charge any monthly service fees. However, early termination or break fees may apply.
Macquarie Bank may be a competitive choice for customers looking to store their savings for more than a short term. The higher interest rates are reserved for customers looking to longer-term deposits.
Macquarie Bank offers a variety of interest payment options, including quarterly, which is not as common across term deposit providers.
As well as term deposits, Macquarie Bank also offers a range of other financial products, including home loans and car loans. If you like to have all of your financial products with one provider, this may make Macquarie Bank a worthwhile choice.
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