Macbank ensures it offers top term deposit rates after a new small increase in its popular term deposit rates

Macquarie isn't letting any competitor offer meaningful advantages in term deposit rates.

Today (Wednesday) they have raised a set of five rates by +5 bps. That may not seem material, but it means they don't have a disadvantage to any challenger bank.

And it keeps substantial pressure on their main rivals, extending their rate offer advantages - which were already notable.

After this change, here is where they sit.

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You can find a full list of savings rates, across all bank 'products' here. There are similar tables for term deposits 1-11 months here, and for rates 1 year and longer here.