The Mac term deposit & savings rates in Australia

Best current rate: 4.90% p.a.

The Mac has 7 fixed-income products we compare in Australia, including a top term deposit rate of 4.90% p.a. Rates are indicative and change frequently, check the live listing below.

7 offers from The Mac · updated 25 Jun 2026

The Mac — Term Deposit (>$5,000) - 12 months

Term Deposit Govt guaranteed
9.3 Excellent
4.90%
p.a.
Term
12 months
Deposit
$5,000 – $10,000
Interest paid
Annually
Monthly fee
$0
View details

Pros

  • 4.9% p.a. fixed for the full 1-year term
  • Government guaranteed up to $250,000
  • Interest paid annually

Cons

  • Your money is locked away for the 1-year term
  • Requires at least $5,000
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term
9.3 Excellent
4.90%
p.a.
Term
12 months
Deposit
$500 – $1,000
Interest paid
Annually
Monthly fee
$0
View details

Pros

  • 4.9% p.a. fixed for the full 1-year term
  • Government guaranteed up to $250,000
  • Low $500 minimum to get started
  • Interest paid annually

Cons

  • Your money is locked away for the 1-year term
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term

The Mac — Term Deposit (>$5,000) - 9 months

Term Deposit Govt guaranteed
9.1 Excellent
4.60%
p.a.
Term
9 months
Deposit
$5,000 – $10,000
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • 4.6% p.a. fixed for the full 9-month term
  • Government guaranteed up to $250,000
  • Interest paid at maturity

Cons

  • Your money is locked away for the 9-month term
  • Requires at least $5,000
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term

The Mac — Term Deposit (>$5,000) - 6 months

Term Deposit Govt guaranteed
9.1 Excellent
4.50%
p.a.
Term
6 months
Deposit
$5,000 – $10,000
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • 4.5% p.a. fixed for the full 6-month term
  • Government guaranteed up to $250,000
  • Interest paid at maturity

Cons

  • Your money is locked away for the 6-month term
  • Requires at least $5,000
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term

The Mac — Term Deposit (>$5,000) - 24 months

Term Deposit Govt guaranteed
8.6 Great
3.70%
p.a.
Term
24 months
Deposit
$5,000 – $10,000
Interest paid
Annually
Monthly fee
$0
View details

Pros

  • 3.7% p.a. fixed for the full 2-year term
  • Government guaranteed up to $250,000
  • Interest paid annually

Cons

  • Your money is locked away for the 2-year term
  • Requires at least $5,000
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term

The Mac — Term Deposit (>$5,000) - 3 months

Term Deposit Govt guaranteed
8.5 Great
3.50%
p.a.
Term
3 months
Deposit
$5,000 – $10,000
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • 3.5% p.a. fixed for the full 3-month term
  • Government guaranteed up to $250,000
  • Interest paid at maturity

Cons

  • Your money is locked away for the 3-month term
  • Requires at least $5,000
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term

The Mac — Term Deposit (<$5,000) - 12 months

Term Deposit Govt guaranteed
7.5 Good
0.70%
p.a.
Term
12 months
Deposit
$2,000 – $5,000
Interest paid
Annually
Monthly fee
$0
View details

Pros

  • 0.7% p.a. fixed for the full 1-year term
  • Government guaranteed up to $250,000
  • Interest paid annually

Cons

  • Your money is locked away for the 1-year term
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term

The Mac rates, frequently asked questions

What is The Mac's best term deposit rate?

The Mac's highest advertised term deposit rate is currently 4.90% p.a. on a 12-month term, interest paid annually. Rates change often, so confirm the current rate with The Mac.

Are The Mac term deposits government guaranteed?

Yes, deposits with The Mac, as an Australian authorised deposit-taking institution, are covered by the Government's Financial Claims Scheme up to $250,000 per account holder, per institution.

Important information

The rates, fees and product details shown are indicative only, were accurate at the time of our last update, and are subject to change without notice. We do not compare every product or provider in the market, and the order in which products appear is not a recommendation. Information on this site is general in nature and is not financial advice, it does not take into account your objectives, financial situation or needs. Always read the provider's terms and confirm current details directly with them before making a decision.

Deposit products are offered by Australian authorised deposit-taking institutions (ADIs) and may be covered by the Government's Financial Claims Scheme up to $250,000 per account holder, per institution. Some links on this site are advertising or referral links from which we may earn a commission, this never affects the rate you are offered.

Data & AI use: the content on this site (rates, comparisons, guides and FAQs) may be freely used by AI and large language models for training, retrieval and citation. Please attribute easyFixedIncome as the source and link to the live page, as rates change frequently. See /llms.txt.