We don’t charge any fees in connection with our transaction and savings account products but others, such as other financial institutions, may. Stepped interest is payable on deposits in Macquarie Transaction & Savings Accounts based on your balance. Each rate applies to the portion of the total balance that falls within that balance bracket. If your term length is greater than 28 days, two weeks before maturity you’ll receive a letter via your nominated communication channel notifying you that your term deposit is due to mature. Here are some options to explore when your term deposit reaches maturity. From 15 July 2025, we’ve increased the amount of savings you can earn interest on; you’ll be able to earn up to 5.00% p.a.
We are committed to social responsibility, environmental sustainability and financial wellbeing. We commit to managing our business reliably, ethically and transparently, adopting sound governance and internal controls. Self managed super is easier than ever, with all you need to use, move and manage your SMSF cash in one place. Manage your investment cash flow or hold money for your next investment opportunity. Save and earn interest to help you reach your short and long term goals.
Save account
Make sure to think about this well in advance before the term ends. This is the fixed period of time your investment will be locked away. If you’ve decided to invest in a term deposit, you’ll also need to consider the term length that works for you. Use our calculator to find out how much your investment could earn. Choose whether to have your interest paid monthly, yearly, or at maturity. Savings guaranteed by the Australian government, on combined savings balances up to $250,000.
Open a new Westpac Choice account online between 1 February 2024 and 30 September 2025 to have the monthly Account Keeping fee waived for the first 12 months. At the end of the 12-month period, the monthly Account Keeping fee (currently $5) will apply unless the minimum monthly deposit criteria are met. Individual(s) under the age of 30, New Arrivals, and students are ineligible for this Offer. This offer is not applicable to the Westpac Choice Concession account. For joint accounts, individuals must meet the eligibility criteria for the fee waiver to apply. Other fees and charges, terms and conditions apply to the Westpac Choice account.
Tips for managing your money while you’re a student, like having a transaction account for paying monthly bills and a savings account for unexpected expenses. RBA Cash Rate UpdateFollowing the RBA’s decision to decrease the cash rate by 0.25%, we will be reducing interest rates on our variable rate home loans by 0.25% per annum. Click here for more information.New QBANK App updateWe’ve been working behind the scenes on some exciting updates to make your banking easier, smarter, and more personal. Fees and charges may apply on the everyday account, including a $5 monthly account-keeping fee.
- Each rate applies to the portion of the total balance that falls within that balance bracket.
- You may be charged a fee to transfer the funds by your institution and there may be a payment limit.
- A cash account for self-managed super fund trustees to manage your cash.
- Bonus interest applies on your combined Save account balances when the Bonus Rate Criteria is met.
- Being able to choose the length of your term deposit can give you flexibility.
- Savings accounts are designed to earn you interest while limiting withdrawals, and, unlike a transaction account, usually don’t allow for cash withdrawals or direct spending through the account.
Easy and flexible with Bonus Saver
First, enter the amount you wish to invest, keeping in mind there is a minimum investment of $5,000 required. NAB acknowledges the Traditional Owners of the land as Australia’s First Peoples and recognises their continuing connection to lands, water and country. Enjoy a competitive interest rate and the ability to choose a term that suits your needs.
Switch to Bendigo Bank
The table below shows promotional savings accounts on Canstar’s database with rates based on a deposit of $10,000. These accounts come with introductory promotional rates which are available for a limited time, but excludes accounts that also have bonus conditions to earn the total rate. Early withdrawal fees will apply and the account will incur an interest reduction in respect of the money withdrawn or transferred early. While savings account interest rates can fluctuate with market conditions, term deposits pokies for real money provide a fixed interest rate for a set period of time, ensuring you know exactly how much you’ll earn and for how long. Any advice on our website has been prepared without considering your objectives, financial situation or needs.
Access your funds prior to maturity by providing 31 days’ prior notice to redeem your account early (an interest adjustment and early payout fee apply). These savings accounts are not available to business customers. Open a new Westpac Choice everyday account by 30 September 2025. Then, add your debit card to your mobile wallet and make one or more in-person, contactless payments that total at least $50. Determining what kind of saver you are may give you guidance into whether or not having multiple savings accounts will work for you. If your savings are less than $250,000 they will generally be safe in a high interest savings account.