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 Deposit

$1,000 minimum deposit
Term Rate
1 month 1.90% p.a
2 month 1.90% p.a
3 month 2.35% p.a
4 month 2.30% p.a
5 month 2.40% p.a
6 month 2.50% p.a
7 month 2.60% p.a
8 month 2.45% p.a
9 month 2.50% p.a
10 month 2.50% p.a
11 month 2.50% p.a
1 year 2.60% 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

No matter how long you decide to lock your money away for, you’ll always get access to great rates to help your money grow.

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.


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.