Macquarie Bank Business Savings Account
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Business Savings Account is a savings account from Macquarie Bank. At $50,000 it pays 4.90% p.a. with no bonus conditions. The feed calls it "Macquarie Business Savings Account".
Rate tiers
Every balance band in the bank's feed: base is the rate the bank pays.
| Balance | Base |
|---|---|
| $0 – $2,000,000stepped: paid on the part of the balance in this band | 4.90% |
| $2,000,000.01+stepped: paid on the part of the balance in this band | 4.40% |
The rates are stepped: each band's rate is paid on the part of the balance that falls in it, so a balance across several bands earns a blend of them.
Conditions
- not updated by the bank since 2026-10-15, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed
- not for existing Macquarie personal banking customers holding a Macquarie account, loan, card or wealth product
Features
- app
- yes
- Osko
- yes
- PayTo
- yes
- BPAY
- yes
- notifications
- yes
Other features, in the bank's words:
- Pay Anyone Payments
- Direct Credit
- Direct Debit
- Internal Transfer
- Daily Pay Anyone Payment limit. The $100,000 limit is applicable for customers who use the Macquarie Authenticator App and are registered for Electronic Banking. Otherwise, a default limit of $2,000 will apply.
- Daily PayID Payment sub-limit. The $10,000 limit operates as a sub-limit of the daily Pay Anyone limit.
Fees, limits and who can open it
- monthly fee
- $0
- interest paid
- monthly
- interest calculated
- daily
- age
- ages 15 and over
- open to
- business customers
Who can open it, in the bank's own words:
- residency: An Australian residential address required
- Must have an Australian mobile phone number
- Must have a valid email address
- Only available for eligible businesses. Sole Traders and Australian Propietary Companies
- business: Must have an ABN
About this account
A high-interest online business savings account with no fees
Data
- Macquarie Bank's own page for this account.
- The bank's documents its product record links to: terms and conditions, fees, eligibility.
- Our verbatim snapshot of the bank's product record (source), as fetched on 22 October 2026.
- We read the bank's own page and terms against this page on 1 November 2026: savings-account.html, opening-a-business-savings-account.html; conditions they state and its feed does not are listed above.
/au/finance/savings-accounts/v1/brands/macquarie-bank-limited.json: this bank's accounts and every balance band as JSON; Macquarie Bank's page lists them.- The bank last updated this record on 15 October 2026. Rates are per annum as the bank states them; "stale" means the bank has not updated the record for over 60 days or since the latest cash rate change.
Other accounts at Macquarie Bank
- Savings Accountstale savings account, 5.25% base at $50,000
- Cash Management Accelerator Accountstale cash management account, 4.90% base at $50,000
- Cash Management Accountstale cash management account, 3.00% base at $50,000
- Business Banking At Call Investment Accountstale savings account
- Business Banking Accountstale transaction account
- Transaction Accountstale transaction account, 3.00% base at $50,000
All of Macquarie Bank's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.
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