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Savings Account 4.50% p.a. Interest for 4 Months on Deposits up to $250,000 (New Customers Only) @ Macquarie Bank

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Savings Account 4.50% p.a. Interest for 4 Months on Deposits up to $250,000 (New Customers Only) @ Macquarie Bank
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Agent Q on 13/12/2022 - 14:35 macquarie.com.au (2242 clicks)

Macquarie have increased their introductory rate to 4.50% fixed for the first 4 months.

Financial Bank Account Savings Account

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Macquarie Bank
Macquarie Bank

closed Comments

        • Oofy Doofy on 14/12/2022 - 17:31

          After doing some homework, seems to only be an issue with slow arrival of funds to Mac, not with sending.

          • dami on 14/12/2022 - 22:07

            @Oofy Doofy: I sent from both, ING and Ubank and the funds arrived in the Mac account straight away.

            • Oofy Doofy on 14/12/2022 - 22:08

              @dami: Interesting.

              There's a few comments in the 2022 best transaction accounts forum thread (with poll), which talks about the specifics surrounding it.

  • dami on 14/12/2022 - 10:52
    +1

    Opened an account last night, only took 5 minutes and could transfer via Osko straight away.

  • mittne on 14/12/2022 - 11:16
    +1

    Just opened. Very smooth, easy process. No issues.

  • pixxelpusher on 14/12/2022 - 13:10

    Rabo now also have a 4.5% introductory rate, and the rate isn't fixed.

  • F1ngolf on 14/12/2022 - 13:26
    +1

    After first 4 months, wonder how easy to close the accounts? Can this be done online? No experience in closing any bank accounts yet.

    • bohn on 14/12/2022 - 14:28

      yeah you can close online I think, but there are no fees to worry about.

      • dingdong3000 on 14/12/2022 - 17:38
        +1

        If we close saving account how long to wait can we reopen to get intro rate?

        • payless69 on 14/12/2022 - 18:17
          -2

          Walk into JB Hifi and ask to be a returning telco client to collect their gift card….

  • Iluvfreebies-freeDel on 14/12/2022 - 17:08

    Need to move money out of Ubank. Their wait times are more then 2 hours.

  • cook99 on 15/12/2022 - 22:49
    +5

    Wow I pulled a Homer on this one, thought I signed up at 4% not realising I had to do savings account after the transaction account was setup.
    Was spewing 2 rate rises immediately after.
    Just created the savings account at 4.5% 🙏

    • Massive Flog on 16/12/2022 - 11:18
      +1

      Glad you posted that; I went full Homer and did the same. Not only that, I transferred some money from another account to the transaction account. It was via OSKO from Westpac. Did it yesterday… still hasn't appeared…

      • cook99 on 16/12/2022 - 13:00

        Happy my fail helped others, I think it's easy to skip the savings step, although I have so many accounts and cards on the go I lose track sometimes.
        2 things I do every time on new accounts:
        - copy/paste BSB and account, never type in
        - Transfer $5 first to 'test the route' before doing big $ transfer after

  • bohn on 16/12/2022 - 15:27
    +4

    macquarie much nicer to use than ING IMO.
    can set payments to come out of the Savings account rather than at ING it seems you need to transfer from Savings to Linked account, then make a payment from there.
    Also like the macquarie authenticator - better than what most banks have here.

    • capslock janitor on 02/01/2023 - 09:22

      Only other bank authenticator I seen is Suncorp

  • Bettyboo on 22/12/2022 - 08:05

    St George unlimited deposit only increased by $50 a month

  • mehow on 16/01/2023 - 11:30
    -1

    Looks like they dropped it to 4.25%

    • kerfuffle on 16/01/2023 - 11:32

      Source?

      • mehow on 16/01/2023 - 11:34
        +1

        when i log into my account

        "Stepped variable interest rates
        Rate on your first $250,000.00 4.25%"

    • aneil915 on 16/01/2023 - 15:37
      +2

      Mine also has 4.25% but that is because I signed up before the rate increase in December.

  • momo21 on 18/01/2023 - 15:38

    I opened the account with them 4 months back at 3.80% introductory savings interest rate. Can I open a new account with them under my wife's name so that we can get 4.50% savings interest rate and I will transfer all the money to my wife's account and close my first account?

    • aneil915 on 18/01/2023 - 16:12
      +2

      Yes you can. I've done this and am currently about 3 months in with an account under my name. I think it might even be possible a 3rd time with a joint account.

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