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Earn up to

4.65
% p.a.

for balances under $2m

with the Macquarie Cash Management Accelerator Account.*

Open an account

How it works

1

Open a new Cash Management Account (CMA) and a linked Accelerator at the same time.

2

Deposit funds into your CMA and then transfer them to your linked Accelerator account to access an ongoing variable interest rate of up to 4.65% p.a.

3

Use real-time transfers to easily move money between your linked CMA and Accelerator accounts.

Benefits

A high rate with no account fees

Open a CMA and a linked Accelerator to earn an ongoing variable rate of up to 4.65% p.a. on your Accelerator account balance with no account fees. 

Digital smarts

Categorise your purchases, easily search your transactions and access up to 10 years of statements for reporting purposes.

Award-winning SMSF solution1

Simplifies opening an account, your SMSF accounting and tax returns.

Product information

Interest rates

4.65
% p.a.

Ongoing variable rate*

*for balances under $2m with the Macquarie Cash Management Accelerator Account.

Interest on the Macquarie CMA is calculated using stepped interest rates, which means that account holders may be paid a different interest rate for different portions of their balance.

ProductBalance portionInterest rate
CMA
All2.75% p.a.
CMA Accelerator accounts$0-1,999,999.994.65% p.a.
$2,000,000 -9,999,999.994.15% p.a.
$10,000,000 +3.00% p.a.

 

Interest rates effective from 8 April 2024 and are subject to change.

 

For the interest rates that apply to cash accounts linked to wrap, please visit the wrap page.

Interest on cash accounts linked to wrap is calculated differently. However, clients who close their wrap account but decide to keep their CMA will, at that point, then be subject to the stepped interest rates listed above.

Macquarie Cash Management Account terms and conditions

Need more information before opening our award winning CMA? Check out the:

    DocumentLink
    Bank Accounts terms and conditionsView conditions

    Macquarie Cash Management Accelerator Account terms and conditions

    To open an Accelerator Account, you must open and link it to a new or existing CMA. Need more information before opening a Accelerator Account? Check out the Bank Accounts terms and conditions.

    DocumentLink
    Bank Accounts terms and conditionsView conditions

    Daily transaction limits

    There are daily transaction limits associated with the Cash Management Account.

    Daily funds transfer limit*Daily BPAY limit
    $100,000No limit

    *The $100,000 limit applies if you use the Macquarie Authenticator App and are registered for Electronic Banking. Otherwise, a default limit of $5,000 applies. Your applicable daily limit applies to all of the daily Pay Anyone payments you make across all your eligible accounts linked to your Macquarie ID. If you hold a joint account, click here for information about how this limit applies to you.

    Account fees

    Fee TypeFee amount
    Monthly account feeFree

    Cheque books (30 cheques)

    		Free

    Online payments

    Make internal transfers, pay anyone and BPAY® payments through online banking and mobile banking on an immediate or scheduled basis.

    Free

    Bank cheques

    Request a bank cheque issued by Macquarie with funds drawn immediately from your Account.

    Bank cheques can be requested by phone or at a Macquarie Branch.

    Free

    Audit letterFree
    Cancelled bank chequesFree
    Dishonoured payments (including cheques)Free
    Stopped chequesFree
    Transaction investigationFree

    Real Time Gross Settlement (RTGS)

    Transfer funds within the same Business Day to another Australian financial institution (subject to cut off time below).

    Free

    International funds transfer

    Free

    Statements6

    6Historical statements for up to 10 years are available online. For more information, contact us.

    		Free

    Additional terms and conditions

    Terms and conditionsLink
    Macquarie electronic banking terms and conditionsView conditions

    Payment cut off and processing times

    See information on payment cut off and processing times here.

    Opening a new account

    Our simple online account opening process means you can start using your CMA and Accelerator today. 

    Open an account

    Open an account if you:

    • Have a permanent Australian residential address, email and mobile number
    • Are an individual, joint, proprietary company, incorporated body, SMSF or unregulated trust.

    Do you have an accountant?

    Once you've opened your CMA, contact your accountant and discuss how the CMA may integrate with their systems and offer visibility and reporting.

    Frequently asked questions

    The Macquarie Cash Management Accelerator Account (Accelerator) is a high interest savings deposit account that links to your Macquarie Cash Management Account (CMA). You can earn more on your cash funds while waiting for investment opportunities or simply get a higher return on your savings. The Accelerator offers you the convenience of having your investment cash hub and your surplus investment cash account in one place.

    Accelerator benefits

    • Higher interest rates
    • No fees
    • No minimum or maximum balances
    • Real-time transfers to and from your linked CMA during a business day
    • Covered by the Government Guarantee under the Financial Claims Scheme.

    Most investors use an Accelerator Account as a place to keep their excess investment cash due to a higher interest rate than the standard CMA. Please note that interest rates are variable and subject to change. You can view the current Accelerator interest rates here.

    Joint account holders can individually or jointly transact on and make changes to the account. Joint accounts can be set up during the application process for the following accounts:

    • Macquarie Transaction Account*
    • Macquarie Savings Account*

    *You can add a joint account holder (select account type) after providing your personal details and completing ID verification in the application

    • Macquarie Cash Management Account
    • Macquarie Cash Management Accelerator Account (the account has to be in the same name as the linked Cash Management Account)
    • Macquarie Term Deposit.

    Once an account has been opened in a person’s name, it can’t be converted into a joint account, but the account holder can provide a third party with authority to view or transact on their account after the account is opened.

    At Macquarie, we empower people to innovate and invest for a better future.

    We take our obligations as a responsible lender and a signatory to the Banking Code of Practice seriously, and we’re proud to reward our savers and borrowers with award-winning products including great rates, choice and an exceptional experience.  

    Deposits held by Macquarie Bank support our lending to Australian households and businesses, including home loans, vehicle loans and loans to support local small to medium sized businesses.

    Macquarie’s environmental, social and governance (ESG) commitment reflects our responsibility to our clients, shareholders and the communities in which we operate.

    For more help and support topics, visit Macquarie Help Centre

    Help and support

    Quickly search and find the answer to common questions.

    Visit Help Centre

    Documents you need to apply

    Having the correct documentation ready will help to speed up your application.

    Learn more

    Your SMSF toolkit

    This SMSF toolkit will step you through the most important considerations for setting up and managing your SMSF.

    Visit SMSF toolkit

    Security and transparency with Macquarie Mobile Banking

    Get real time alerts when a transaction is made on your Macquarie CMA, giving you full transparency.

    You can also access reports and statements as far as 10 years back all through our online banking portal and mobile app.  

    Download the app

    Additional information

    *

    Terms and conditions apply. Refer to the rate table on this page for more information.

    This information has been prepared by Macquarie Bank Limited AFSL and Australian Credit Licence 237502 and does not take into account your objectives, financial situation or needs. Before making any financial investment decision or a decision about whether to acquire a product mentioned on this page, a person should obtain and review the terms and conditions and/or relevant offer document relating to that product and also seek independent financial, legal and taxation advice.

    1

    Winner of the SMSF Awards Cash and Term Deposits award, 2016 – 2021.