"It just takes a minute to complete and submit your Macquarie Bank Term Deposit application"
Predictable growth across a range of terms
Lock in solid returns for cash you don't need till later.
Macquarie offers a range of term deposits, from 1 to 24 months. The interest rate varies depending on the term you choose.
You need to consider when you will need access to your funds and what interest rate you want to earn before deciding on the term.
Macquarie is a market leader in cash funds, pioneering the first cash management trust in Australia in 1980.
Macquarie managed $17.2bn in the Cash Management Trust in December 2007 (source: Plan for Life December 2007).
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Competitive interest rates on a range of investment terms up to 24 months
No ongoing fees: no establishment, monthly account keeping or management fees
Ease of application: individuals can apply online in 10 minutes#
Specialised service: you will speak to a real person when you call us during business hours^
SMSF ready: can be invested in by self-managed super funds (SMSF’s)
* Interest rate applies on balances of between $10,000 and $1 million with a term of 24 months, rates are subject to change. Interest rates quoted applies to interest payments received at maturity. Fees are payable and terms and conditions are available on request. The interest rate applicable on the Macquarie Bank Term Deposit is set upon the opening of the account after all account opening conditions have been met and your investment received.
# The online application will take approximately 10 minutes for individual applicants to complete and is not available for joint, company or trust (including Self Managed Super Fund) applicants.
^ Business hours are 8am – 6pm AEDT Monday to Friday.
Terms and Conditions
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Product Information at a glance
Minimum opening balance
$10,000.00
Currency
Accounts are denominated in Australian Dollars only.
Term
You can choose a term between 1 and 24 months. Other terms may be offered from time to time. Once the Account is opened, the amount, term and Interest Rate are fixed until maturity.
Calculation and payment of interest
Interest is calculated at an Interest Rate which is fixed for the duration of your Term Deposit.
Interest is paid on maturity unless otherwise agreed.
Interest may be electronically credited to your Nominated Bank Account or reinvested to your Term Deposit Account upon maturity.
Options at maturity
On maturity, unless you instruct us otherwise (at least one day before the maturity date), your Account is automatically renewed for the same term as the maturing Term Deposit at the Interest Rate offered by us at that time.
Withdrawals
Funds may be withdrawn on maturity and will be electronically credited to your Nominated Australian Bank Account by the end of the next business day.
Cheque and third party payment requests are not available.
Accessing funds before maturity
If you wish to withdraw funds from your Account before the agreed maturity date a fee will be charged.
How long will it take to get the account set up?
Once your completed application is received we will open your account within 1 to 2 business days.
If you choose to transfer your funds electronically, we’ll contact you with details on how to do this once your account has been opened.
We will confirm your account details in writing by mail within 5 to 10 business days.
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