Macquarie vs Rabobank savings accounts
Macquarie may suit you if you want fewer monthly tasks and a simpler ongoing setup, while Rabobank may be worth checking if you are a new customer chasing a stronger short-term intro return. The important boundary is that Rabobank's higher headline rate is temporary, and both accounts need their ongoing rates checked before you treat either as a long-term answer.
By Savings Planner · Guide updated 22 Sept 2026 · Rates checked
See the key differences
As of 14 Oct 2026, Macquarie Macquarie Savings Account advertises 5.00% p.a. (no monthly conditions; first $2,000,000), while Rabobank High Interest Savings Account advertises 6.15% p.a. (4-month intro, then up to 4.15% p.a.; no monthly conditions).
| Comparison point | Macquarie | Rabobank |
|---|---|---|
| Product | Macquarie Savings Account | High Interest Savings Account |
| Advertised rate | Up to 5.00% p.a. | 4-month intro up to 6.15% p.a. |
| Intro offer | None shown | 4-month intro |
| Ongoing rate | Up to 5.00% p.a. | Up to 4.15% p.a. |
| How to earn the best rate | No monthly conditions. | No monthly conditions. |
| Linked account needed | Requires a linked Macquarie Transaction Account account. | None shown |
| Withdrawal restriction | None shown | None shown |
| Age limits | None shown | None shown |
| No hoops | No | No |
| Other notes | None shown | Intro offer is limited to new customers. |
If you want fewer monthly tasks
Macquarie is the cleaner starting point if your priority is a low-admin saver. The current structured data shows no monthly deposit, card-spend, or balance-growth task to keep the best rate alive, although the account still needs a linked Macquarie Transaction Account.
That simplicity does not remove the need to compare the rate boundary. Macquarie has a welcome-rate window on a first savings account, so check the ongoing rate and balance tiers before using it for money you expect to hold well beyond the intro period.
If you are chasing a stronger short-term return
Rabobank may look more attractive for a new customer over a short holding period because the High Interest Savings Account has a 4-month introductory rate in the current data. That makes the first few months different from the long-term comparison.
After the intro period, the standard variable rate applies. If your cash will stay put for longer than the opening window, compare Rabobank's ongoing whole-balance rate against Macquarie's ongoing tiers rather than treating the intro headline as permanent.
Other comparisons with Macquarie or Rabobank
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Open Savings PlannerHow we keep this guide grounded
We use the current Savings Planner product dataset to compare savings accounts by rate model, eligibility rules, bonus conditions, balance caps, intro periods, and projected interest where the page uses a calculated scenario.
Rates last checked: .
This guide is general information only and is not personal financial advice. Check the official bank page before acting, especially if the rate, conditions, or eligibility rules matter to your decision.
For independent background, see Moneysmart on savings accounts and the government's Financial Claims Scheme, which protects deposits up to $250,000 per account holder per bank.