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Enjoy a guaranteed return

With an RACQ Bank Term Deposit you choose a term and interest rate that suits you meaning you’ll be able to work out with confidence what your returns will be at the end of the term. You also have the option to be paid interest monthly, so you can manage your budget. Plus if you don’t already have one you’ll receive an RACQ Bank Everyday Account to help move your money around. So take control and take out a Term Deposit today.

Term deposits

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. 

Term Rate
1 month 1.90% p.a
2 month 1.90% p.a
3 month 2.35% p.a
4 month 2.60% p.a
5 month 2.60% p.a
6 month 2.55% p.a
7 month 2.60% p.a
8 month 2.75% p.a
9 month 2.50% p.a
10 month 2.50% p.a
11 month 2.50% p.a
1 year 2.70% p.a
2 year 2.70% p.a
3 year 2.80% p.a
4 year 2.90% p.a
5 year 2.90% p.a

Work out the numbers

Why choose an RACQ Bank Term Deposit?

Competitive rates

However long you lock away your money you'll always get access to great rates and low fees to help your balance grow.

Download fees and charges schedule

Choice of term

With terms ranging from 1 month up to 5 years, you can choose from a number of options to help you manage your budget.

Choice of payment frequency

You’ll be able to choose to have your interest paid monthly or at maturity.

Security

RACQ Bank is an APRA accredited Authorised Deposit-taking Institution (ADI), with Government guaranteed deposits up to $250,000 – so you can be sure your hard-earned money is safe with us.