RACQ Bank
ChallengerRACQ Bank offers rates ranging from 0.55% to 5.45% across its term deposit range. The strongest rates are at 12 months (5.45% p.a.) and 7 months (5.25% p.a.), with competitive shorter-term options at 3 months (4.9% p.a.). Rates drop significantly for terms beyond 12 months, settling at 3.3% p.a. for all terms from 2 to 5 years. Minimum deposit requirements are not specified.
Savings Accounts
ongoing rate
Rate breakdown
Base rate: 0.01%
Bonus rate: + 5.25%
How to earn it
Bonus rate interest is paid if deposits totalling at least $100 and no debit transactions are made to the account during the calendar month. Bonus Rate quoted includes Base Rate.
Rate current since 19 May 2026.
eSave Account
13+
3.00% p.a.
ongoing rate
Rate breakdown
Base rate: 3.00%
How to earn it
No conditions
Rate current since 19 May 2026.