# Macquarie Savings Account — savings account review

> Reviewed by **Norg Editorial Team**
> Editorial Team, Norg Reviews
> Last reviewed: 2026-05-14T04:48:34.276Z
> Methodology: AussieBanks Review — Savings Methodology (v1.0.0)

## Company Overview
- Website: https://www.macquarie.com.au/everyday-banking/savings-account.html
- ABN: 46008583542
- Founded: 1969
- Regulator licence: AFSL 237502
- Vertical: au-banks

## Overall Rating: 4.5 / 5

Based on 0 detailed reviewer perspectives.

Unconditional bonus rate — no monthly hoops — at a slight premium to peers with conditions.

## Pros
- No monthly deposit or transaction conditions to earn the bonus rate

## Cons
- Rate drops after introductory period unless reset

## Key Takeaways
### 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.

## Detailed Reviews