With age comes experience

At RACQ, we realise that the more you live life, the better you get at it. Which is why we offer even more benefits for members over 55. The following products and discounts are designed for you in addition to the discounts you already enjoy as part of your membership.

Advantage Plus Account for over 55s

Make the most of your money with the Advantage Plus Account – exclusive to over 55s. Enjoy the flexibility of an everyday transaction account with the benefit of earning interest on your balance.

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Interest rates are subject to change. Current interest rates are available here.

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    No monthly account keeping fees
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    No minimum monthly deposits
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    Stepped interest rates. Earn up to 3.25% p.a.
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    No everyday transaction fees

Home and contents insurance discounts

Even more reasons to choose RACQ, alongside your member loyalty savings, RACQ can help potect your hard-earned belongings and memories for less with additional discounts for over 55s. Customise your RACQ Home and Contents Insurance policy to protect the things that matter most and access a lifetime guarantee on repairs, a trusted 24/7 claims service, and the option to pay by the month. Get rewarded for your age and experience on your insurance.

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Only one age discount can be applied to a policy. At least one nominated party on the insurance policy must be aged 55 yrs or over. Available for owner occupier and tenants. Not available for landlords.

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    Up to a 10% discount on home insurance
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    Up to a 15% discount on contents insurance
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    Save up to $50 when you get a quote online^

RACQ loyalty rewards

At RACQ, we like to reward you for your loyalty. The longer you’ve been with us, the greater the benefits you can enjoy.

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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.

Insurance products (excluding Travel Insurance) are issued by RACQ Insurance Limited ABN 50 009 704 152 (RACQ). Conditions, limits and exclusions 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 PDS and any applicable Supplementary PDS before making a purchase decision on this product. You can also access our Target Market Determinations on this website.

^The online discount will be applied and deducted on the total annual premium amount payable on your new policy. Excludes pay later option and any policy renewals. Discount amounts may be pro-rated for cover of less than 12 months.