Macquarie Term Deposit and At call Account – Key Features

Important information about your Account:

Significant Benefits
For a Term Deposit Account, a significant benefit is that you can lock in an interest rate for a fixed period. This means you will have certainty of return. For an At Call Account, a significant benefit is that the money
is readily accessible (subject to being Cleared Funds).

Significant Risks
For a Term Deposit Account:

• If interest rates rise after the date you lock in your Term Deposit, you will earn a lower rate of interest on your deposit than you might otherwise have received.
• Iif you withdraw your funds prior to the maturity date of the Term Deposit, a term deposit early withdrawal fee may be charged (see “Can I break my Term Deposit before maturity?” on page 5).
• Macquarie may, at its discretion, refuse your request or delay effecting your request to withdraw funds prior to maturity for a Term Deposit.

For an At Call Account:

• The interest you earn on the balance of your Account is subject to fluctuations in the interest rate so there is no guarantee that you will always earn a particular rate of interest on the balance of your Account.
• Your funds must be Cleared Funds before they can be withdrawn.

Frequently asked Questions

How do I open an Account?
To open an Account you need:
■■ to complete the Macquarie Relationship Banking Account
Application Form;
■■ complete a Direct Debit Request Form – for the electronic
funds transfer of your initial deposit;
■■ provide identification as required under anti-money
laundering and counter-terrorism financing laws for
yourself and for each signatory;
■■ fax your forms to us (Advisers only); and
■■ return all required forms to us by fax. Once we have
received all documentation correctly completed, your
account will be opened and interest will commence
accruing.
We are not bound to accept any application and the Account
will not be opened until the minimum investment is received
by Macquarie Bank.

The minimum investment is $10,000.00.
The only currency accepted for your Account is Australian Dollars (AUD).

How do I make additional deposits
to my Account?
You can electronically transfer deposits directly to your At Call
Account by quoting our BSB and the account number as
shown on any confirmation you receive from us in respect of
that Account.
We do not accept cash deposits, cheques, travellers’
cheques or international drafts.
The minimum additional deposit amount is $1,000.00.
For Term Deposit Accounts, additional deposits will only be
accepted on the maturity date.

How do I withdraw funds?
Simply contact our Deposit Service Team to authorise an
electronic transfer to your Nominated Bank Account. The
withdrawal will be processed within one Business day of your
request, but for Term Deposits your right to withdraw before
maturity is limited. See “Can I break my Term Deposit before
maturity?” on page 5.
The minimum withdrawal amount is $1,000.00. However, you
must maintain a minimum Account balance of $10,000.00 at
all times.
Cheque and third party payment requests are not available.

Can I access my Account online?
Yes. You can view your Account details online at the
Macquarie Relationship Banking internet site
(www.macquarie.com.au/active) using your Macquarie
Access Code and password. If you do not already have
an existing Macquarie Access Code, please contact our
Deposit Service Team.

How do I advise you of a change to my Account?
You are responsible for keeping your contact, Authorised Signatory and Nominated Bank Account details up to date.
If you grant Adviser Access to your Licensed Adviser (see ‘Adviser Access’ page 6) you are also responsible for advising of any changes to your Licensed Adviser. To advise us of any changes to your Account you should contact our Deposit Service Team (see “How to contact us” on page 7). We will then provide you with a form to complete to effect the change of your account details. We cannot accept fax instructions for changes to your Account details unless the instruction has been signed by either yourself or an Authorised Signatory.

What interest will I earn?
For both Term Deposit and At Call Accounts, interest rates
are primarily driven by market conditions. For the latest
interest rates call us for a copy of the Account rate sheet.
Interest on Term Deposit Accounts is calculated at a fixed
rate per annum for the term of your deposit. The interest
rate applicable on any account is set upon the opening
of the account after all account opening conditions have
been satisfied.
■■ For example, if you invest $10,000.00 for 270 days at a
rate of 5.00%, at maturity you will have earned $369.86
in interest.
This is calculated as follows:
$10,000.00 x 270/365 x 5% = $369.86
Interest may be reduced by the term deposit early
withdrawal fee if you withdraw funds before maturity.
See “Can I break my Term Deposit before maturity?” on
page 5.
Interest on At Call accounts is calculated at the
current rate.
■■ For example, if you invest $10,000.00 At Call at 4.50% for
60 days, you will have earned $73.97 in interest.
This is calculated as follows:
$10,000.00 x 60/365 x 4.5% = $73.97.
The examples above are indicative only and use rates and
figures selected by us to demonstrate how the product
works. Actual rates vary from time to time.

Will I receive regular statements?
When you open an Account with us, we will send you a
written Confirmation of your investment details.
We will also send a statement to you 6 monthly (for all At
Call Accounts and for Term Deposit Accounts of one year
or more) and on maturity for all Term Deposit Accounts. This
statement will include details of your investment, including the
balance of your Account and all transactions on your Account
for that period.
For Term Deposits of less than 1 year or where you have
elected to have interest paid on maturity, you will receive
a Confirmation on maturity setting out details of your
investment, including your balance, interest rate and amount
of interest earned.
Please read each Confirmation and statement that we send
you carefully and promptly inform us if there is an error on your
Account. The Confirmation and statement will be conclusive
evidence of the deposit made by you unless you advise us
otherwise within 7 days of receipt of the Confirmation.

Are there any bank fees or charges?
We do not charge any account keeping fees in relation to
your Account. Additional services may incur a fee. The fees
for these additional services are:

Fees for these and any further additional services will be
directly debited from your Account when the service is
requested. Details will be outlined on your statement.

Can I break my Term Deposit before
maturity?

Withdrawal of funds from your Term Deposit Account before
its designated maturity date will be at Macquarie’s discretion
and a term deposit early withdrawal fee may be charged
to you.
The term deposit early withdrawal fee for is 25% of
accrued interest.
Using the example of a $100,000 Term Deposit invested at
5% for a term of 90 days, the term deposit early withdrawal
fee charged will be as follows:
If you terminate the Term Deposit 65 days into the term, the
term deposit early withdrawal fee is $222.60.
This is calculated as follows:
$100,000 x 5% x (65/365) x 25% = $222.60
In some circumstances the term deposit early withdrawal fee
may exceed the interest accrued on your Account since the
last interest payment date.

Other important information about your account

Statement Updates
Although the information in this Statement is up to date on
the issue date, it is subject to change from time to time. We
will give you notice of all such changes.
A paper copy of the changed information or an updated Statement (as applicable) is also available to you without charge upon request.

Privacy
We collect personal information about you as necessary to
provide this product to you in accordance with anti-money
laundering and counter terrorism financing laws. If you do
not provide the information we request we may be unable to
provide this service to you.
The privacy of your personal information is important to
us. Any personal information collected will be handled in
accordance with our privacy policy and may be disclosed to
service providers who provide services in connection with
our products and services and to your nominated financial
adviser with your permission.
You have a right to access your personal information held by
us, by contacting us as set out on page 7.

Taxation
The interest you earn on your Account may be taxable and
there may be other taxation implications for your Account
depending on your particular circumstances. You should
discuss any taxation issues with your tax adviser.
You can decide whether or not to give us your Tax File
Number (TFN) when you open your Account. However, if
you choose not to, we are required by law to withhold tax at
the highest marginal rate plus Medicare levy and forward the
amount to the Australian Taxation Office.
If you are a non-resident of Australia for taxation purposes,
you must provide us with your overseas residential address.
There will be withholding tax payable on the interest you earn
on your Account if you are a non-resident of Australia.

Authorised Signatories
When you open an Account with us, you may appoint another person to act as an Authorised Signatory on the Account. Before we can act on any requests received from an Authorised Signatory, you must complete an Authorised Signatory authorisation form as well as the IFSA Identification Form ‘Individuals & Sole Traders’ for each signatory.
At any time after opening the Account, you or any existing Authorised Signatory can appoint another Authorised Signatory to your Account. Any Authorised Signatory can operate your Account as if they were the Account holder, except that only you can:
open an Account; or
revoke the appointment of an Authorised Signatory.
The appointment of any Authorised Signatory continues until
you inform us of revocation by notice in writing.