RACQ Bank sets its lowest fixed rates on record

Queensland’s most trusted bank has moved to lead the market by giving security to Queenslanders for years to come.
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RACQ Bank spokesperson Lucinda Ross said the Club had reduced new fixed rates by up to 40 basis points (bps).

“We’ve reduced our owner occupied one, two and three-year fixed rates by 40bps to 1.99 percent to be on par with the most competitive rates out there,” Ms Ross said.

“Our owner occupied five-year fixed rate is up there with the best in market after a 25bps reduction to 2.49 percent.

“This will give our members security and stability over the next few years, regardless of any other changes that happen to our economy.”

Ms Ross said the Bank was also set to reward loyal members.

“We’re really pleased to be able to reward the Club’s Gold and Silver members with an additional 10 basis points taken off advertised new fixed home loan rates,” she said.

“These changes will be applied from 17 November.”

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The information in this article has been prepared for general information purposes only and is not intended as legal advice or specific advice to any particular person. Any advice contained in the document is general advice, not intended as legal advice or professional advice and does not take into account any person’s particular circumstances. Before acting on anything based on this advice you should consider its appropriateness to you, having regard to your objectives and needs.