Bring your ambitions to life with RACQ Bank savings accounts

Whether you’re saving for a brighter future or a rainy day, we’re here to support your goals. RACQ Bank puts members before profits, which means when you open a savings account with us, your hard work is rewarded with attractive interest rates and no hidden fees. Throw in the convenient banking options you expect and the RACQ service you love, and you’ve got a savings account worth writing home about.

Your savings account options

Find the savings account that makes the most of your money.

Bonus Saver Account

Save for the long-term goals that keep you smiling every day.

Let us show you how easy it is to unlock bonus interest and kickstart your savings.

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    Base interest rate of 0.01% p.a.
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    Start saving at any stage of life with no minimum opening balance
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    Earn bonus interest when you deposit at least $100 and make no debit transactions during a calendar month
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    Earn up to 5.25% p.a. bonus interest rate on accounts with balances less than $100,000

Terms and Conditions apply

Earn up to

5.25% p.a.

Bonus interest rate


Monthly account keeping fees

eSave Account

Get started today with an easy-access online savings account.

Take advantage of a convenient modern account that simplifies your financial growth.

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    Online savings account earn up to 3.00% p.a. interest on the total balance of the account
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    Make online transfers when you like without it affecting your interest rate
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    Click or swipe to check your savings online or in the RACQ Bank app
Earn up to
3.00% p.a.

Interest rate


Monthly account keeping fees


Term deposits

Earn a guaranteed return at your own pace with a term deposit.

Savings and term deposit calculator

Run the numbers and discover how your savings can grow.
Check out our transaction account options for the freedom to spend your way.

Why do Queenslanders choose RACQ Bank savings accounts?

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    No everyday transaction fees
    Make your day-to-day life a little thriftier.
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    Member safety matters
    We protect your account with leading and proven security measures.
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    Queenslanders depend on us
    We’re looking out for 1.7 million RACQ members.
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    Enjoy your membership perks
    Snap up savings that put a spring in your step.

Experience the benefits of being a member~~

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Save on the essentials every week
Enjoy a 4% discount on pre-purchased Woolworths Supermarket eGift Cards.
Free up your transport budget
Take 4 cents per litre off when you fill up at participating Caltex service stations.#
Treat yourself to a little entertainment
Save on eVouchers and eGift Cards for Event Cinemas and BCC Cinemas Queensland-wide.
Earn cashback rewards when you shop
Shop online with more than 200 fashion, beauty, pet, and home retailers and earn cashback rewards.

Savings account FAQs

Things to note

Banking and loan products issued by Members Banking Group Limited ABN 83 087 651 054 AFSL/Australian credit licence 241195 trading as RACQ Bank. Terms, conditions, fees, charges and lending policies apply. This is general advice only and may not be right for you. This information does not take your personal objectives, circumstances or needs into account. Read the disclosure documents for your selected product or service, including the Financial Services Guide and the Terms and Conditions, and consider if appropriate for you before deciding.

Except for RACQ Bank, any RACQ entity referred to on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth). That entity’s obligations do not represent deposits or other liabilities of RACQ Bank. RACQ Bank does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.

You can only create a PayID within mobile or internet banking by linking it to an eligible account. Not available on some accounts. Please read the Mobile and Internet Banking Terms and Conditions for more information.

Biometric identification features are compatible with selected devices only, noting that some devices may not be able to use particular biometric identification methods. For Android, selected biometric features should be available on devices with android v 4.4 or greater, provided that feature is available in device. For iOS device, any device that is running with IOS version 9, 10 or 11 (or greater), provided that feature is available in device.

* The Apple logo and Apple Pay are trademarks of Apple Inc.., registered in the U.S. and other countries. Google Pay, and the Google Pay Logo are trademarks of Google Inc. Samsung Pay is a trademark or registered trademark of Samsung Electronics Co., Ltd.

~~ Terms and conditions apply to all offers. View the individual offer for full details. Offer is subject to availability and may be withdrawn at any time without notice.

#Conditions apply. Offer available at participating Caltex and Puma Energy service stations. Visit for details.