RACQ Bank honoured by Canstar and Mozo

Queensland’s newest mutual lender, RACQ Bank, has been recognised for its outstanding value to members through two national awards for its home loan products.

RACQ Bank’s Fixed Home Loan and Investor Fixed Home Loan products received Canstar 5-star awards, as well as Experts Choice awards from Mozo. RACQ Bank’s Mortgage Saver Special was also recognised by Mozo in the First Home Buyer Loan category.

RACQ Bank CEO Michelle Bagnall said she was proud the bank had achieved this recognition less than six months after launching.

“As a mutual bank, we exist wholly and solely for the benefit of our customers and the local community,” Ms Bagnall said.

“For our products to be recognised as being among the best in the nation is great reinforcement we’re on track – but we certainly won’t stop there.”

Ms Bagnall said RACQ Bank was committed to delivering top-quality products, as well as great value, to its customers.

“The banking industry has received a lot of bad press recently so it’s time to put the focus back on our actions and show customers that we’re here for them,” she said.

“As a mutual bank we’ll keep striving to meet our customer’s expectations each and every day.”

Ms Bagnall said RACQ Bank’s competitive rate was just one the major draw cards.

“RACQ members have trusted us to look after them on the roadside and with their insurance for many years and they can expect the same trust and service when it comes to banking.”


Terms, conditions, fees, charges and lending criteria apply. Loans issued by Members Banking Group Limited ABN 83 087 651 054 AFSL/Australian credit licence 241195 trading as RACQ Bank.