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Macquarie Bank Savings Account 5.00% p.a. Interest on Balance up to $2,000,000 (No Hoops) @ Macquarie Bank

samwaldo 9596 Posts 9596 Karma
samwaldo posted this 05 May 2026

Followed up by RBA decision to increase cash rate today Macquarie bank have announced increase in savings account interest rates:

What does the RBA’s latest rate rise mean if I’m an everyday banking customer?  

In line with the increase to our variable home loan reference rates, we will also be increasing the interest rates available across our Transaction, Savings, Business Savings and Cash Management accounts effective 22 May 2026. You can view our new rates below:

Rate Type Interest Rate Balance Range
Variable Welcome Rate 5.35% p.a. Up to $250,000
Variable Ongoing Rate 5.00% p.a. Up to $250,000
Variable Ongoing Rate 5.00% p.a. $250,000.01 – $2,000,000
Variable Ongoing Rate 2.75% p.a. $2,000,000.01 and above

https://www.macquarie.com.au/help...ay-banking-cu

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