Macquarie Savings Account — savings account review
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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: 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
1. No monthly deposit or transaction conditions to earn the bonus rate

CONS
1. 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