Will Macquarie Banks Rate Hike Deliver Better Returns for Savers and Borrowers?
Source: Kapitales Research
Highlights:
Macquarie Bank raises savings and home loan rates by 25 basis points from April 2
Savings account rate lifted to 4.75% per annum for balances up to $2 million
Move follows the Reserve Bank of Australia’s decision to increase the cash rate to 4.10%
Rate Changes Follow Central Bank Move
Macquarie Bank Limited (ASX: MBLPC) has announced an increase of 0.25 percentage points in both the variable interest rates offered on its savings and transaction accounts and the rates charged on home loans. The revised rates will take effect from April 2, aligning with the recent monetary policy tightening by the Reserve Bank of Australia, which lifted its benchmark cash rate to 4.10%. The adjustment reflects a broader trend across the banking sector, where lenders are passing on higher borrowing costs while also offering improved returns to depositors.
Boost for Savers, Pressure for Borrowers
Under the revised structure, customers holding a Macquarie Savings Account will receive a variable interest rate of 4.75% per annum on balances up to $2 million. However, borrowers may feel added pressure as home loan rates also rise by the same margin. The move underscores the balancing act banks face between remaining competitive for deposits and managing lending margins.
Strong Growth in Home Lending
According to Ben Perham, Head of Personal Banking at Macquarie, the bank’s home loan portfolio is expanding at a pace four times faster than that of major banks. He attributed this growth to attractive pricing and quicker loan processing times, which have helped Macquarie stand out in a competitive mortgage market.
Stock Snapshot
Macquarie Bank Limited (ASX: MBLPC) last traded at $101.39, down $0.489 or 0.48%, with a trading volume of 7,528 shares. The rate changes may continue to influence investor sentiment as the bank navigates a higher interest rate environment.
Note- All data presented is based on information available at the time of writing.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Will Macquarie Banks Rate Hike Deliver Better Returns for Savers and Borrowers?
Highlights:
Rate Changes Follow Central Bank Move
Macquarie Bank Limited (ASX: MBLPC) has announced an increase of 0.25 percentage points in both the variable interest rates offered on its savings and transaction accounts and the rates charged on home loans. The revised rates will take effect from April 2, aligning with the recent monetary policy tightening by the Reserve Bank of Australia, which lifted its benchmark cash rate to 4.10%. The adjustment reflects a broader trend across the banking sector, where lenders are passing on higher borrowing costs while also offering improved returns to depositors.
Boost for Savers, Pressure for Borrowers
Under the revised structure, customers holding a Macquarie Savings Account will receive a variable interest rate of 4.75% per annum on balances up to $2 million. However, borrowers may feel added pressure as home loan rates also rise by the same margin. The move underscores the balancing act banks face between remaining competitive for deposits and managing lending margins.
Strong Growth in Home Lending
According to Ben Perham, Head of Personal Banking at Macquarie, the bank’s home loan portfolio is expanding at a pace four times faster than that of major banks. He attributed this growth to attractive pricing and quicker loan processing times, which have helped Macquarie stand out in a competitive mortgage market.
Stock Snapshot
Macquarie Bank Limited (ASX: MBLPC) last traded at $101.39, down $0.489 or 0.48%, with a trading volume of 7,528 shares. The rate changes may continue to influence investor sentiment as the bank navigates a higher interest rate environment.
Note- All data presented is based on information available at the time of writing.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au