What is the Macquarie term deposit rate for 12 months?

Macquarie's 12-month term deposit rate is 5.25% p.a. at maturity (for deposits up to $1 million). The 6-month rate is 5.15% p.a. and the 3-month rate is 4.90% p.a.

What is the minimum deposit for Macquarie term deposits?

Macquarie requires a minimum deposit of $5,000 for personal term deposits.

Does Macquarie offer monthly interest on term deposits?

Yes. Macquarie offers monthly, quarterly, half-yearly, and at-maturity interest payment options. Monthly rates are slightly lower than at-maturity rates. For 2-year and longer terms, interest is paid monthly, quarterly, half-yearly, or annually.

Macquarie Bank Term Deposit Review (2026)

Rates and details verified 24 June 2026

Rates can change without notice. Last verified: 24 June 2026 (AEST). Please confirm details on the bank’s official page.

Best rate

5.25%

p.a. — 12 months

Minimum deposit

$5,000

up to $1M

Terms available

3m–5yr

full range

About Macquarie Bank Term Deposits

Macquarie Bank is one of Australia's largest investment banks and a full-service ADI. Their term deposit product offers a comprehensive range of terms from 1 month to 5 years, with multiple interest frequency options including at maturity, monthly, quarterly, and half-yearly.

While Macquarie's 12-month rate of 5.25% p.a. sits slightly behind Judo Bank and AMP, the bank's strength is breadth: they publish a full rate schedule across all terms and interest frequencies, making them easy to compare and plan around.

Rates by Term (deposits ≤$1M)

Term	Rate (p.a.)
3 months	4.90%
6 months	5.15%
9 months	5.20%
12 months	5.25%
2 years	3.60%
5 years	3.80%

The sharp drop after 12 months reflects market expectations of lower rates over 2–5 years.

Rates as at 12 May 2026 (Macquarie's published date). Check Macquarie's website for the latest.

Pros and Cons

Pros

✓ Full range — 3 months to 5 years
✓ Multiple interest frequencies (monthly, quarterly, at maturity)
✓ Transparent published rate schedule
✓ Major bank — strong brand and online banking

Cons

✗ 5.25% — slightly behind AMP (5.40%); level with Judo (5.35%)
✗ 2-year+ rates drop sharply (3.60% annually)
✗ $5,000 minimum

How It Compares

AMP Bank Term Deposit (GO)
5.40% (12 months) — $5,000 min
Judo Bank Personal Term Deposit
5.35% (12 months) — $1,000 min
Macquarie Bank Term DepositReviewed here
5.25% (12 months) — $5,000 min
Great Southern Bank Term Deposit
5.45% (12 months) — $5,000 min

→ Compare all term deposits

Compare head-to-head

→ Judo vs Macquarie

Related guides

FAQs

What is the Macquarie 12-month term deposit rate?

5.25% p.a. at maturity (for deposits up to $1M). Monthly and quarterly interest options are also available at slightly lower rates.

Does Macquarie offer monthly interest?

Yes — monthly, quarterly, and at-maturity options are all available, with at-maturity rates slightly higher.

Why do 2-year+ rates drop sharply?

The rate curve reflects market expectations — investors expect the RBA cash rate to fall over 2–5 years, so lenders pay less for longer deposits.

View Macquarie Term Deposits →

Rates published by Macquarie as at 12 May 2026; verified 24 June 2026. Confirm on Macquarie's website before applying. This is not financial advice. Deposits protected up to $250,000 under the Financial Claims Scheme.