1 live product
HSBC
Best available rate
4.65%p.a.
Everyday Savings (Intro)
Highest ranked offer currently surfaced for this bank on the compare page.
Base rate
2.50%
Bonus
0.00%
Conditions
No monthly hoops
Finding the best rates…
Savings Accounts Comparison
Bank One
HSBC
Best available
Up to 4.65% p.a.
Line-up
1 live product
VS
HSBC vs Macquarie
Compare HSBC and Macquarie savings accounts side by side. In March 2026, HSBC offers 1 account with rates up to 4.65% p.a., while Macquarie has 1 account reaching 4.85% p.a. Macquarie currently leads by 0.20%.
VS
1 live product
Macquarie
Best available rate
4.85%p.a.
Macquarie Savings Account
Highest ranked offer currently surfaced for this bank on the compare page.
Base rate
4.50%
Bonus
0.00%
Conditions
No monthly hoops
Live edge
Macquarie leads on headline savings rate by 0.20% p.a. right now. Use the feature table below to see whether that edge comes with extra conditions.
0.20% gap
Feature Comparison
Side-by-side view of the strongest offers surfaced above.
| Feature | HSBC | Macquarie |
|---|---|---|
| Max rate | 4.65% | 4.85% |
| Base rate | 2.50% | 4.50% |
| Bonus rate | 0.00% | 0.00% |
| Has conditions | No | No |
All HSBC Products
Every tracked savings accounts option from HSBC.
All Macquarie Products
Every tracked savings accounts option from Macquarie.
In March 2026, HSBC's Everyday Savings (Intro) offers up to 4.65% p.a., while Macquarie's Macquarie Savings Account reaches 4.85% p.a.. Macquarie currently leads by 0.20% p.a.
Macquarie's rate includes an introductory component for 4 months. HSBC's rate includes an introductory component for 3 months. Macquarie's rate applies on balances up to $2,000,000.
HSBC has 1 savings product and Macquarie has 1, giving you a range of options to compare.
Quick Comparison
| Feature | HSBC | Macquarie |
|---|---|---|
| Max Rate | 4.65% | 4.85% |
| Base Rate | 2.50% | 4.50% |
| Bonus Rate | 0.00% | 0.00% |
| Conditions Required |
Common Questions
HSBC vs Macquarie FAQs
Which bank has the better savings rate, HSBC or Macquarie?
Macquarie currently offers the higher rate at 4.85% p.a., compared to 4.65% p.a. Rates are sourced from live data and change frequently.
What is HSBC's best savings account rate in 2026?
HSBC's best savings rate is 4.65% p.a. on the Everyday Savings (Intro).
What is Macquarie's best savings account rate in 2026?
Macquarie's best savings rate is 4.85% p.a. on the Macquarie Savings Account.
Do HSBC and Macquarie savings accounts have conditions?
Neither HSBC nor Macquarie requires ongoing conditions for their top savings rates.