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Macquarie Bank Savings Account 5.25% p.a. Interest on up to $250,000, 5.05% to $2M, 4.60% above $2M (No Hoops) @ Macquarie Bank
Posted 9/29/2026

Macquarie Bank Savings Account 5.25% p.a. Interest on up to $250,000, 5.05% to $2M, 4.60% above $2M (No Hoops) @ Macquarie Bank

FinancialBank AccountSavings Account

Macquarie Bank just bumped up their savings rates, and there's no hoops to jump through — no minimum deposits, no monthly conditions, just solid interest on your balance.

  • 5.25% p.a. ongoing on balances up to $250,000 (with a 5.60% welcome rate for new customers)
  • Still earning 5.05% p.a. on $250K–$2M, and a huge jump to 4.60% p.a. above $2M (up from just 2.75%)
  • New rates kick in 15 October 2026 — perfect timing if you're chasing a better return on your savings

If you've been meaning to ditch your low-interest account, this is a genuinely easy switch worth making.