What savings account do you need?

When you’re working towards financial freedom it makes sense to get the most bang for your buck. Whether you’d like to lock down your money in a solid Term Deposit, or you’re after a bit more freedom, at RACQ Bank we’re here to help you reach your goals.

  • Lock in your money or enjoy the flexibility to withdraw
  • Earn bonus interest on our Bonus Saver Account
  • Enjoy a set return on your Term Deposit

No matter what your goal, we’ll help you reach it and reward you along the way.

Benefits of Term Deposits

This investment option allows you to securely build up your savings, regardless of any external market changes, over a set period of time. Term Deposits are a low risk, low maintenance savings option if you’re looking for an easy way to start saving, or create a longer-term savings solution. With competitive Term Deposit rates and choice of term, know you’ll always have access to great rates and low fees with RACQ Bank.

Benefits of Savings Accounts

A savings account is a safe investment to help grow your wealth, while earning a higher interest rate than an everyday transaction account. If you're after greater financial freedom, our savings accounts are the perfect fit. With two options available, enjoy access to your savings when needed, as well as earning interest.

Compare our savings accounts

Ready to start saving? Check out our savings accounts and term deposits and get one step closer to your goal. Let's get started. 

eSave Account

An online savings account which makes reaching your savings goal a lot easier.

Up to 0.30 % p.a.
View key features
  • For those with savings goals
  • Earn interest on balances over $5,000
  • No account keeping fee
  • Unlimited deposits and withdrawals without affecting your interest rate

Bonus Saver Account

With a bonus rate of interest paid, this is the perfect option for saving for a car or home deposit.

Up to 1.00 % p.a.
View key features
  • Be rewarded for your saving and still have easy access to your money
  • Earn bonus interest when making deposits totalling $100 or more per month and making no withdrawals
  • No account keeping fee

Term Deposits

With a fixed interest rate for a fixed term, you’ll know exactly what your money will be earning you with RACQ Bank’s Term Deposit.

Up to 0.65 % p.a.
View key features
  • Certainty of a fixed interest rate
  • Terms available from one month to five years
  • Invest from just $1,000