In 1969, Hill Samuel Australia Limited was established with just three staff members.
In 1985, the bank obtained an Australian Banking licence as Macquarie Bank Limited, which is now a vital cog in financial services institution and international behemoth Macquarie Group.
From a small Sydney business, Macquarie is now regarded as one of the premier advisory and investment banking services on the Australian market. It boasts a deep knowledge of the Asia Pacific environment.
Macquarie operates in over 31 markets and provides specialist expertise in resources, agriculture and commodities, energy and infrastructure. Its expertise also covers advisory and capital markets, trading and hedging, funds management, asset finance, financing, research and retail financial services.
While Macquarie is predominantly an award winning investment bank, it does offer a good range of personal financial products.
Macquarie’s savings products are designed to build on its customers’ personal wealth.
Macquarie offers competitive interest rates, no monthly fees on its accounts and good online accessibility.
Macquarie fits the bill for customers looking for a high performance bank. With its strong capital position and robust risk management framework, the bank has maintained its 51-year record of unbroken profitability.
Macquarie’s retail banking and financial services businesses come under the Banking and Financial Services (BFS) arm of the business.
It is here where customers will find a range of personal banking, wealth management, business banking and vehicle finance products.
In 1969, Hill Samuel Australia Limited was established with just three staff members.
In 1985, the bank obtained an Australian Banking licence as Macquarie Bank Limited, which is now a vital cog in financial services institution and international behemoth Macquarie Group.
From a small Sydney business, Macquarie is now regarded as one of the premier advisory and investment banking services on the Australian market. It boasts a deep knowledge of the Asia Pacific environment.
Macquarie operates in over 31 markets and provides specialist expertise in resources, agriculture and commodities, energy and infrastructure. Its expertise also covers advisory and capital markets, trading and hedging, funds management, asset finance, financing, research and retail financial services.
While Macquarie is predominantly an award winning investment bank, it does offer a good range of personal financial products.
Macquarie’s savings products are designed to build on its customers’ personal wealth.
Macquarie offers competitive interest rates, no monthly fees on its accounts and good online accessibility.
Macquarie fits the bill for customers looking for a high performance bank. With its strong capital position and robust risk management framework, the bank has maintained its 51-year record of unbroken profitability.
Macquarie’s retail banking and financial services businesses come under the Banking and Financial Services (BFS) arm of the business.
It is here where customers will find a range of personal banking, wealth management, business banking and vehicle finance products.
Variable
Rate 3.39 |
Comparison
Rate 3.39 |
Variable
Rate |
Comparison
Rate |
Variable
Rate 3.49 |
Comparison
Rate 3.49 |
Variable
Rate |
Comparison
Rate |
Variable
Rate 3.64 |
Comparison
Rate 3.64 |
Variable
Rate |
Comparison
Rate |
Variable
Rate 4.40 |
Comparison
Rate 4.40 |
Variable
Rate 3.19 |
Comparison
Rate 3.19 |
Variable
Rate 3.24 |
Comparison
Rate 3.24 |
Variable
Rate |
Comparison
Rate |
Variable
Rate |
Comparison
Rate |
Variable
Rate 3.34 |
Comparison
Rate 3.34 |
Variable
Rate 3.64 |
Comparison
Rate 3.64 |
Variable
Rate |
Comparison
Rate |
Variable
Rate 4.21 |
Comparison
Rate 4.21 |
Variable
Rate 3.39 |
Comparison
Rate 3.65 |
Variable
Rate 3.49 |
Comparison
Rate 3.75 |
Variable
Rate |
Comparison
Rate |
Variable
Rate 3.64 |
Comparison
Rate 3.90 |
Variable
Rate |
Comparison
Rate |
Variable
Rate 4.40 |
Comparison
Rate 4.65 |
Variable
Rate |
Comparison
Rate |
Variable
Rate 3.19 |
Comparison
Rate 3.45 |
Variable
Rate |
Comparison
Rate |
Variable
Rate 3.24 |
Comparison
Rate 3.50 |
Variable
Rate |
Comparison
Rate |
Variable
Rate 3.34 |
Comparison
Rate 3.60 |
Variable
Rate 3.64 |
Comparison
Rate 3.90 |
Variable
Rate |
Comparison
Rate |
Variable
Rate 4.21 |
Comparison
Rate 4.46 |
Purchase
Rate 20.70 |
Annual
Fee $149.00 |
Purchase
Rate 20.70 |
Annual
Fee $99.00 |
Purchase
Rate 15.95 |
Annual
Fee $69.00 |
Max Interest rate($10,000) 5000 | Base Interest rate($10,000) 0.50 |
Max Interest rate($10,000) | Base Interest rate($10,000) 1.75 |
Max Interest rate($10,000) | Base Interest rate($10,000) 0.20 |
90 Days
0.80 |
1 Yr Paid
Annually 1.90 |
90 Days
0.80 |
1 Yr Paid
Annually 1.90 |
90 Days
0.80 |
1 Yr Paid
Annually 1.90 |
This is an everyday bank account where you can deposit your salary, withdraw cash, pay bills as well as receive extra benefits. There are no minimum monthly deposits necessary, and no international purchase fees or transaction or dishonour fees. You can also use ATM’s for free. Enjoy platinum benefits such as the Mastercard foreign exchange rate, with no additional fees or charges and have 24/7 access to Macquarie’s concierge service.
This online savings account earns you high interest with the added benefit of no monthly fees and easy access to funds. Once you have opened your first Macquarie Transaction Account, you can instantly open as many savings accounts as you like to help you save. Banking can be done easily through the Macquarie Mobile Banking app and you can also receive real time notifications when direct debits are taken out of your savings account. For that extra layer of security, the Macquarie Authenticator makes sure your money is safe.
Credit Cards
While Macquarie likes to keep things simple for customers, it does offer a range of products to meet certain needs. It offers five different credit cards to ensure customers’ needs are met.
The Macquarie Black Card with Macquarie Rewards comes with an annual fee of $149 and a range of highlights including:
Like the Macquarie Black Card with Macquarie Rewards, the Macquarie Black Card with Qantas Rewards comes with an annual fee of $149. With this card you can earn Qantas Points on all eligible purchases. Further highlights include:
The annual fee is cheaper than other cards at $99 and, as with the Macquarie Black Card with Macquarie Rewards you can redeem eGift cards from over 50 popular Australian retailers. Highlights include:
As with the Macquarie Platinum Card with Macquarie Rewards, the Macquarie Platinum Card with Qantas Points has a $99 annual fee. You can also earn Qantas points on eligible purchases. Highlights include:
The Macquarie RateSaver Card has the lowest annual fee at just $69. It is a basic card with the following highlights:
Invest your money securely and receive a competitive fixed interest rate with Macquarie Bank’s Term Deposit. If you have an existing Macquarie Cash Management Account (CMA), you can apply for a Term Deposit online and link the two accounts. Invest anywhere from one month to five years and choose when to have your interest paid. You can select from monthly, quarterly, half yearly, yearly or at maturity pay outs. One of the highlights of the Term Deposit is you can link the Term Deposit with Macquarie’s cash solutions and simplify your self-managed super fund (SMSF) accounting, tax returns and end-of-year financial reporting. You can deposit anywhere from $10,000 to $2 million.
The Macquarie Cash Management Account is designed specifically for investors to manage their money. This account provides quick access to your capital is predominantly for SMSF trustees, online traders and professional investors. It acts as a savings hub between investment opportunities. Macquarie labels this account as the “centre of your wealth ecosystem”. It offers transparency, detailed reporting and zero account keeping fees.
There are two key home loan products to choose from to meet your needs, each with different product types.
With a Macquarie Bank variable home loan you can make additional repayments without having to pay any extra fees, therefore paying off your home loan faster and reducing the amount of interest you pay over the life of your home loan.
There are two options:
a. The offset home loan
b. The Basic Home loan
Always know what your repayments will be with Macquarie’s Fixed Rate Home Loan.
Select from 1 to 5 year terms and when your fixed term rate ends, you may continue with a competitive variable rate. There are two options for fixed rate home loans:
a. The offset home loan
b. The Basic Home loan
Macquarie offers flexible car loan solutions that are tailor made for you. They offer expert advice and have car-buying specialists to help you out.
Pros
Cons