Now more than ever, Australians are watching their budgets closely as the cost-of-living increases. In a bid to ease the mounting pressure many of their customers are facing, Macquarie Bank are looking at ways to help them, they say, save “thousands over time and ongoing.”

Introducing Marketplace

A unique feature which has been added to their mobile banking app, the Macquarie Marketplace allows you to purchase and redeem eGift cards at a discount of up to 10% with access to over 50 major retailers. This is available to all clients who hold an account with Macquarie not just home loan customers.

Their website shows how much you can save by using their online Savings Calculator.

As an example, if you spend $400 per week at Woolworths you can expect to benefit from $832 per year in savings and $24,960 over the life of a 30-year loan term with the 4% discount on offer.

Other retailers you can enjoy, and their corresponding discounts include:

Myer- 5%,  Amart Furniture – 7%,  Sephora – 5%,  Hoyts – 7%, O PSM – 7%,  Apple – 5%,  just to name a few.

Smart Budgeting with Macquarie’s Banking app

Marketplace is just one feature that helps Macquarie customers who use their mobile banking app. In addition, users can easily manage their money with a suite of digital banking tools designed to help them stay on top of their finances.

Features include:

• Categorization of transactions in groups such as groceries, travel, leisure, or technology to help navigate spending.
• Ability to create smart budgets in an instant and then track them against your goals.
• Store receipts and warranties by taking a photo and uploading it to the transaction history.
• Capacity to open a Macquarie Savings Account with one tap or open several to help bucket savings.
• Interest rate earnt on savings and transactions accounts will be 4% p.a. on balances up to $250,000 from 22 March 2023.

Tools and features like these from Macquarie Bank are great to take advantage of to help save you money and manage your finances more efficiently. With cost of living woes not likely to ease any time soon it makes sense to grab savings when they present themselves, particularly when it’s right at your fingertips.

For more information on the added benefits of being a Macquarie customer contact your Blackburne mortgage broker today.