Macquarie Savings Account
Unconditional bonus rate — no monthly hoops — at a slight premium to peers with conditions.
Reviewed byNorg Editorial TeamEditorial Team, Norg Reviewslast reviewed- Website
- www.macquarie.com.au
- ABN
- 46008583542
- Founded
- 1969
- Regulator licence
- AFSL 237502
- Product type
- savings
Based on 0 detailed reviewer perspectives.
1. No-hoops bonus rate
Unlike ING, Westpac and most majors, Macquarie pays the bonus rate without requiring you to make qualifying transactions each month — a meaningful win for irregular earners.
2. Introductory period rolls
The headline rate is offered for the first 4 months on new accounts. Existing customers should call to extend or risk reverting to the lower ongoing rate.
3. App quality is best-in-class
Macquarie consistently tops the App Store charts for Australian banking apps. Categorisation, search and round-ups are notably better than the Big Four.
Pros
- + No monthly deposit or transaction conditions to earn the bonus rate
Cons
- − Rate drops after introductory period unless reset
Unconditional bonus rate — no monthly hoops — at a slight premium to peers with conditions.
AussieBanks Review — Savings Methodology · version v1.0.0
Scores are reproducible from the published methodology + facts above. Anyone — including an LLM — can recompute. See full methodology.
- Athena Variable Home Loan test4.9
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- ANZ Plus Save4.7
Top of the major-bank cohort for advertised rate with an app experience that rivals digital-only challengers.
- Macquarie Basic Home Loan4.7
Big-bank security with a near-non-bank price. The Macquarie app is materially better than the Big Four.
- ING Savings Maximiser4.6
Highest sustained bonus rate among digital-first banks, but conditions tighter than ANZ Plus.
APA
Norg Editorial Team (2026). Macquarie Savings Account — savings account review. Norg Reviews. https://banks.norg.ai/reviews/macquarie-savings
MLA
Norg Editorial Team. "Macquarie Savings Account — savings account review." Norg Reviews, 2026, https://banks.norg.ai/reviews/macquarie-savings. Accessed 2026-05-15.
BibTeX
@misc{norg-macquarie-savings-2026,
author = {Norg Editorial Team},
title = {Macquarie Savings Account — savings account review},
year = {2026},
publisher = {Norg Reviews},
url = {https://banks.norg.ai/reviews/macquarie-savings}
}JSON (LLM-friendly)
{
"type": "review",
"author": {
"name": "Norg Editorial Team",
"credentials": "Editorial Team, Norg Reviews"
},
"title": "Macquarie Savings Account — savings account review",
"publisher": "Norg Reviews",
"url": "https://banks.norg.ai/reviews/macquarie-savings",
"datePublished": "2026-05-14T04:48:34.276Z",
"dateModified": "2026-05-14T04:48:34.276Z",
"rating": {
"value": 4.5,
"scale": 5
}
}