RACQ Bank term deposits
RACQ Bank has one term deposit that BankMate tracks, with 16 terms from 1 month to 5 years, interest paid at maturity.
Term deposit · 16 terms
Term Deposit
5.45%p.a. · 6 months
interest at maturity; from $1,000
1st of 180 6-month deposits
Rates by term and how interest is paid
- At maturity5.25%
- Terms
- 1 month to 5 years
- Minimum deposit
- $1,000
- Maximum deposit
- $1,000,000
- To break it early
- 31 days' notice
- 1 month
- 0.55% · #59 of 62 1-month deposits
- 2 months
- 1.60% · #46 of 68 2-month deposits
- 3 months
- 5.25% · #1 of 164 3-month deposits
- 4 months
- 3.50% · #57 of 88 4-month deposits
- 5 months
- 3.50% · #51 of 79 5-month deposits
- 6 months
- 5.45% · #1 of 180 6-month deposits
- 7 months
- 3.50% · #73 of 92 7-month deposits
- 8 months
- 3.50% · #72 of 81 8-month deposits
- 9 months
- 3.75% · #89 of 149 9-month deposits
- 10 months
- 3.50% · #75 of 86 10-month deposits
- 1 year
- 5.35% · #39 of 401 12-month deposits
- 2 years
- 3.30% · #227 of 255 24-month deposits
- 3 years
- 3.30% · #175 of 221 36-month deposits
- 4 years
- 3.30% · #105 of 125 48-month deposits
- 5 years
- 3.30% · #95 of 124 60-month deposits
- Minimum deposit
- $1,000
- Maximum deposit
- $1,000,000
- Paid
- At maturity
- Compounding
- daily
- Notice
- 31 days' notice
- Before maturity
- A 31-day notice period applies to early withdrawals. … Requests to break a term deposit immediately on hardship grounds are assessed on a case by case basis. … An early redemption interest adjustment (i.e. Early redemption fee) will apply. … 0% - 25% [of term completed]: 80% of the interest earned … >25% - 50%: 60% … >50% - 75%: 40% … >75% - 99.9%: 20%
- Read from
- RACQ Bank's own site, 28 October 2026
September 20261 change
- 4Fri
- 2 terms up 0.15 to 0.25+0.15 to +0.25
3-month, paid at maturity 5.00 5.25 +0.25 6-month, paid at maturity 5.30 5.45 +0.15
July 20261 change
- 1Wed
- 3 terms moved in both directions−1.75 to +0.10
3-month, paid at maturity 4.90 5.00 +0.10 7-month, paid at maturity 5.25 3.50 −1.75 12-month, paid at maturity 5.45 5.35 −0.10
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.
Notes on RACQ Bank term deposits
to leave a note.
As of 2 November 2026, RACQ Bank has one term deposit product tracked by BankMate, over 16 terms from 1 month to 5 years. Its highest rate is 5.45% p.a. on the Term Deposit for 6 months, 1st of 180 6-month deposits — a term deposit rate means nothing without its term, so each deposit is ranked only against others of the same term. Its rates last changed on 4 September 2026. From the provider's Consumer Data Right feed, refreshed nightly.