Macquarie Bank Macquarie Cash XL

Macquarie Bank
Headline interest rate p.a.
-
Monthly fee
-
Account type
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 -

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Warning: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

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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