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Get the cover you need for your holiday and find out how you can save with a members discount.
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Interest rates are on a per annum basis and are current as at 1 April 2020. Interest rates are subject to change.
Interest is calculated on daily balances on a stepped basis and paid quarterly.
Interest is calculated on daily balances and paid monthly. The rate applies to the whole balance.
Conditions: Bonus rate interest is paid if a deposit of at least $1.00 is made to the account during the same calendar month and no more than one debit transaction is made on the account during a calendar month. Interest is calculated daily on whole balances and paid monthly. Bonus Rate quoted includes Base Rate.
Invest as little as $1,000. For the rates shown below, interest is paid at maturity or annually if terms exceeds 12 months. Different rates apply for interest paid monthly. Rates for monthly interest and deposits over $1 million are available on request.
Banking products are issued by Members Banking Group Limited ABN 83 087 651 054 AFSL and Australian credit licence 241195 trading as RACQ Bank. This information does not take your personal objectives, circumstances or needs into account. Read the disclosure documents for your selected product or service, including the Financial Services Guide and the Terms and Conditions, before deciding.
You can only create a PayID within mobile or internet banking by linking it to an eligible account. Not available on some accounts. Read the terms and conditions.
Biometric identification features are compatible with selected devices only, noting that some devices may not be able to use particular Biometric identification methods. For Android, selected biometric features should be available on devices with android v 4.4 or greater, provided that feature is available in device. For iOS device, any device that is running with IOS version 9,10 or 11(or greater), provided that feature is available in device.
Except for RACQ Bank, any RACQ entity referred to on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth). That entity’s obligations do not represent deposits or other liabilities of RACQ Bank. RACQ Bank does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.
BSB: 514 179