Why open an Advantage Plus Account?

When you're over 55 and you're after a bank account that gives you more, you can trust our Advantage Plus Account. You'll save with no monthly account keeping fees, plus you'll enjoy a competitive interest rate to help your balance grow. Manage your money on the go with 24/7 phone, internet and mobile banking and get all the benefits that come with being a member of RACQ.

Interest rates and fees

Want to save on fees? Our Advantage Plus Account has no monthly account keeping fees and generous interest rates so more of your money goes where it should.
For more information about rates and fees, refer to the Deposit Rate Schedule and the Fees and Charges Schedule.

Canstar outstanding value
0.35 % p.a. Balances up to $46,600
1.30 % p.a. On the portion of balance $46,601 and over
$0 Account keeping fees
Interest calculated daily on a stepped basis and paid quarterly


To open an RACQ Bank Advantage Plus Account, you'll need to;

  • be 55 years or older
  • have a Queensland residential address
  • have an Australian mobile phone number
  • have either an Australian driver's licence or Australian passport for ID
  • have a minimum opening balance of $2,000
Apply now