| LVR | Basic Interest rate | Offset Interest rate |
|---|---|---|
| 4 year fixed rate° | ||
| ≤ 70% | 2.69% pa | 2.69% pa |
| ≤ 80% | 2.79% pa | 2.79% pa |
| ≤ 95% | 2.99% pa | 2.99% pa |
Subsequently, one may also ask, what are the interest rates at Macquarie Bank?
Featured interest rates
- 3 months. 0.45% p.a.
- 6 months. 0.45% p.a.
- 9 months. 0.45% p.a.
- 1 year. 0.45% p.a. ^For deposits over $1 million, or where interest payments are more frequent, rates may differ, Call 13 62 00 to find out more. These rates apply to Macquarie Personal Banking clients only.
Also, is Macquarie savings account safe? Macquarie Bank clients are covered by the Australian Government Bank Deposit Guarantee. The FCS is an Australian Government scheme that provides protection and quick access to deposits in banks, building societies and credit unions in the unlikely event that one of these financial institutions fails.
Keeping this in consideration, is Macquarie Bank dropping interest rates?
A four-year fixed rate at Macquarie Bank with a loan to value ratio of 70 per cent or less now garners a rate of 2.69 per cent while its five-year fixed term product attracts a rate of 2.79 per cent. However, the bank dropped its standard variable rate by 15 basis points to 2.34 per cent.
Is Macquarie Bank Good?
Great bank, excellent customer service!
Macquarie is a great bank. I've phoned their customer service number a couple of times and they are always helpful and answer the phone straight away. Plus I love the added protection with the platinum card as well as the free ATM usage.
