Macquarie Bank Macquarie Cash XL
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Savings
Moneybuddy says
A high interest savings account from Macquarie Bank with a quite good savings rate, no minimum investment, and easy access from your nominated linked account. A fairly reliable option with no establishment or transaction fees.
The Basics
Interest paid Monthly
Interest calculated Daily
Headline interest rate p.a. -
Monthly fee -
Account type Savings
The cool stuff: features
ATM access -
EFTPOS access -
Branch access Yes
Internet Banking Yes
Age restrictions -
Cheque book facility -
Debit card -
BPAY -
GiroPost -
Phone access -
The Facts & Figures
Balance less than $1k (p.a.) -
Balance less than $5k (p.a.) -
Balance less than $25k (p.a.) -
Balance greater than $100k (p.a.) -
Min. balance -
Min. opening deposit -
Number of free elect transactions per month -
The ugly stuff: fees
Other bank ATM fee -
EFTPOS transaction fee -
Branch assistance fee -
* Important note: All product information comes from the product provider or an affiliate and to the best of our knowledge is correct at time of publishing.
Macquarie Bank says
A simple to use, online savings account that earns you *.**%pa^ on your balance. Keep your cash earning till it's needed.
No minimum initial investment or ongoing balance, Earn full interest on every dollar in your account, Calculated daily, paid monthly, Unlimited free transaction to linked account, No establishment or transaction fees
Macquarie Cash XL is a Unit Trust that invests solely in a deposit that is covered by the Government Guarantee
Key features
- No minimum investment
- Calculated daily paid monthly
- No establishment or transaction fees
Pros
- No minimum investment
- Calculated daily
- paid monthly
- No establishment or transaction fees
Cons
- Some higher rates available elsewhere
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