The RACQ Bank Term Deposit pays up to 5.45% p.a. as of 18 September 2026, over a 6-month term, 1st of 547 6-month deposits tracked by BankMate. It is offered over 14 terms from 3 months to 5 years, with interest paid annually or quarterly. Its rates last changed on 4 September 2026.
5.45%p.a. · 6 months
interest annually or quarterly; from $0
Early withdrawal is not allowed.
Rates over time
Best rate per term- RBA cash rate
- Market average · 12-month deposits
- 3 months
- 6 months
- 9 months
- 1 year
- 2 years
- 3 years
- 5 years
- 4 years
Changes
2 changes since 9 Apr 2026- Term Deposit · 2 terms up 0.15 to 0.25mixed
- 3-month 5.00 → 5.25
- 6-month 5.30 → 5.45
- Term Deposit · 3 terms moved in both directionsmixed
- 3-month 4.90 → 5.00
- 7-month 5.25 → 3.50
- 12-month 5.45 → 5.35
Rates by term
Ranked within each term- 3 months
- 5.25% · #1 of 369 3-month deposits
- 6 months
- 5.45% · #1 of 547 6-month deposits
- 9 months
- 3.75% · #303 of 500 9-month deposits
- 1 year
- 5.35% · #18 of 590 12-month deposits
- 2 years
- 3.30% · #357 of 394 24-month deposits
- 3 years
- 3.30% · #292 of 345 36-month deposits
- 5 years
- 3.30% · #104 of 152 60-month deposits
- 4 years
- 3.30% · #129 of 157 48-month deposits
Deposit
- Minimum deposit
- $0
- Maximum deposit
- No cap published
Interest
- Paid
- Annually or Quarterly
- Compounding
- monthly
Early withdrawal
- Before maturity
- Not allowed
About this product
A Term Deposit is an investment account where the interest rate is guaranteed not to change for the whole of the nominated term. It gives you the security of knowing that your interest income is protected against changes in market conditions.