Macquarie Business Savings vs Macquarie CMA Accelerator
Understanding Macquarie's two premier high-interest business cash solutions: trading operating businesses vs trusts and investment entities.
Choose Macquarie Business Savings if you are an operating Pty Ltd Company or Sole Trader wanting an unbundled, high-yield standalone savings account. Choose the CMA Accelerator if your entity is a Family Trust, SMSF, or Investment Company requiring integration with financial advisors or Macquarie Cash Management Account.
Macquarie Business Savings Account
Earn an ongoing variable rate of 4.65% p.a. on balances up to $2,000,000 with no monthly account fees and no minimum deposit. Available to Sole Traders and Australian Proprietary Companies with an ABN.
Macquarie Cash Management Accelerator Account
Earn 4.65% p.a. on balances up to $2,000,000 with no monthly account fees. Opened alongside a linked Macquarie Cash Management Account (CMA). Available to Trusts, SMSFs, Companies, and Partnerships.
Feature-by-Feature Comparison Matrix
| Feature / Rule | Macquarie Business Savings Account | Macquarie Cash Management Accelerator Account |
|---|---|---|
| Target Entity Type | Sole Traders & Pty Ltd Companies only | Trusts, SMSFs, Companies, Partnerships |
| Headline Variable Rate | 4.65% p.a. (up to $2M) | 4.65% p.a. (up to $2M) |
| Tier 2 Rate ($2M to $10M) | 4.15% p.a. (above $2M) | 4.15% p.a. ($2M–$10M), 3.00% ($10M+) |
| Linked Account Setup | Standalone (connects to any external AU bank) | Requires linked Macquarie CMA account |
| Accounting Software Feeds | No direct Xero/MYOB bank feed | Supported via Macquarie CMA feed |
Detailed Analytical Breakdown
Macquarie Bank provides two separate cash products that advertise the identical headline variable rate of 4.65% p.a. on balances up to $2,000,000. However, they are designed for entirely different customer segments.
The Macquarie Business Savings Account was created for operating trading businesses (Pty Ltd companies and Sole Traders). It functions as a standalone high-interest deposit account that connects to any existing commercial bank account without requiring an everyday transaction account at Macquarie.
The Macquarie CMA Accelerator is engineered for trusts, self-managed super funds (SMSFs), and corporate investment vehicles. It requires holding a primary Macquarie Cash Management Account (CMA), which enables real-time liquidity sweeping, direct financial adviser visibility, and automated feeds into Xero and Class Super.
Frequently Asked Questions
Why can't my Family Trust open the standard Business Savings Account?
Macquarie's standard Business Savings account is restricted to Australian Pty Ltd companies and Sole Traders with active operational trading. Macquarie serves trusts, estates, and SMSFs through its Cash Management Account (CMA) and Accelerator product suite.
Can I get direct Xero bank feeds on both accounts?
The CMA Accelerator supports automated Xero and accounting feeds via its linked CMA. The standard Business Savings account does not currently offer direct third-party bank feed APIs.