Be in complete control of your next investment with an RACQ Bank Term Deposit. This fixed-rate, low-maintenance savings option allows you to know exactly what you'll get back and when you'll see a return, so you can start saving for the next big thing with confidence. Our term deposits are covered by the government guarantee for the first $250,000 per member *.
When you open an RACQ Bank Term Deposit account, you can expect to receive your interest when your term deposit period ends (called the 'maturity' of the term deposit), or annually if your term is longer than 12 months.
For more information, please read our Deposit Rate Schedule for more info.
|1 month||0.05% p.a.|
|2 month||0.15% p.a.|
|3 month||0.40% p.a.|
|4 month||0.40% p.a.|
|5 month||0.40% p.a.|
|6 month||0.45% p.a.|
|7 month||0.40% p.a.|
|8 month||0.40% p.a.|
|9 month||0.50% p.a.|
|10 month||0.40% p.a.|
|11 month||0.40% p.a.|
|1 year||0.60% p.a.|
|2 year||0.70% p.a.|
|3 year||0.80% p.a.|
|4 year||0.90% p.a.|
|5 year||1.00% p.a.|
Please read all the details of our Term Deposit fees in our Fees and Charges Schedule.
|Term Deposit Early Redemption Fee – when a term deposit is withdrawn before the maturity date. An early withdrawal notice period applies.||Interest rate reduced by our lowest current term deposit rate for the term of the deposit.|
All you need to apply for your Term Deposit today is:
Need help or would like to know more? RACQ Bank offers many convenient ways for you to get in touch with us.
*The Commonwealth Government guarantee applies on deposit balances up to $250,000 per person per authorised-deposit taking institution. For more information, see the Financial Claims Scheme website.
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 internet banking terms and conditions for more info.
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.
~~ 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 Puma Energy petrol stations. Visit racq.com/puma for details.