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
TermTerm1 month RateRate1.90% p.a
TermTerm2 month RateRate1.90% p.a
TermTerm3 month RateRate2.35% p.a
TermTerm4 month RateRate2.45% p.a
TermTerm5 month RateRate2.50% p.a
TermTerm6 month RateRate2.55% p.a
TermTerm7 month RateRate2.60% p.a
TermTerm8 month RateRate2.50% p.a
TermTerm9 month RateRate2.50% p.a
TermTerm10 month RateRate2.50% p.a
TermTerm11 month RateRate2.50% p.a
TermTerm1 year RateRate2.70% p.a
TermTerm2 year RateRate2.70% p.a
TermTerm3 year RateRate2.80% p.a
TermTerm4 year RateRate2.90% p.a
TermTerm5 year RateRate2.90% 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.