The following overview can help you better understand the difference between our Transaction and Savings accounts and see which one best suits your needs.

This is a digital-only account and therefore you must have internet access and an electronic device to operate this product.

Each type of account has further eligibility requirements which form part of the application process and terms and conditions.
 

Product SummaryTransaction AccountSavings Account
Rates
  • View all our Interest rates
  • High interest account with no minimum balance, deposit or transaction conditions.
  • View all our Interest rates
  • Welcome rate applies for the first 4 months on your first savings account.
  • High interest account with no minimum balance, deposit or transaction conditions.
Eligibility
  • Be at least 12 years old ​
  • Have a permanent Australian address, email and mobile number ​
  • Be applying as an individual (single or joint applications), not available to businesses,  trusts or SMSFs.
  • Be at least 12 years old ​
  • Have a permanent Australian address, email and mobile number ​
  • Be applying as an individual (single or joint applications), not available to businesses trusts or SMSFs
  • Must be linked to your Macquarie Transaction Account​.
Debit Card
  • Debit card
  • No debit card
How can I make deposits?
  • Electronic deposits
  • Direct credit and salary credits​
  • Real Time Payments (NPP)​
  • Australian cash and cheque deposits​
How can I access funds?
  • Debit Card
  • Mobile Payments​
  • Internal Transfers
  • Pay Anyone Payments (including scheduled and recurring payments)
  • BPAY​®
  • Direct Debits​
  • Bank cheques
  • Internal Transfers
  • Pay Anyone Payments (including scheduled and recurring payments)
  • BPAY®​
  • Direct Debits​
  • Bank cheques
Interest rate calculation
  • Calulated daily, paid monthly
Online access
  • Macquarie Online Banking
  • Macquarie Mobile Banking
Mobile payments
  • Apple Pay 
  • Google Pay 
  • No mobile payments
Additional benefits
Monthly/Annual fees$0
Minimum balance$0


Please follow the links to find more information about:

® Registered to BPAY Pty Ltd ABN 69 079 137 518

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Log in to Macquarie Online Banking or the Macquarie Mobile Banking app and chat with a consultant in real time, Monday to Friday, 9am to 5pm Sydney time (excluding public holidays).

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