Important information regarding RACQ Bank Bonus Saver accounts
Following an internal review of our Bonus Saver account, we identified the way we calculate interest was incorrectly described in our Terms and Conditions. This meant that in certain circumstances, RACQ Bank underpaid interest on Bonus Saver accounts.
Below are some FAQs to assist you.
Frequently Asked Questions (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.