- Earns you 3.15%pa^ on your balance
- 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
- Invested in a government guaranteed deposit product†
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* Interest paid on maturity on balances of between $10,000 and $5 million with terms of 3 months.
^ The introductory rate is variable and is subject to change without notice. The rate is based on a margin above the cash rate target benchmark of the fund.
† The deposit is guaranteed under the Australian Government's Financial Claims Scheme.
The rates above are valid as at 6 February 2009 and are subject to change.
Investments in Macquarie Cash XL (or "trust") are offered by Macquarie Investment Management Limited ABN 66 002 867 003 (MIML/we/us/our). Units in the trust are not deposits with or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (the bank/MBL) or of any Macquarie Group company and are subject to investment risk, including possible delays in repayment and loss of income or principal invested. None of Macquarie Bank Limited, MIML or any other member company of the Macquarie Group guarantees the performance of the trust or the repayment of capital from the trust or any particular rate of return. While units in the trust are not direct deposits with MBL, the trust itself invests solely as a wholesale deposit with the bank. Investors do not hold a retail deposit directly with the bank. |