RACQ Bank
Bonus Saver Account
Our Bonus Saver Account rewards members for saving by providing bonus interest when you deposit at least $100 and make no debit transactions during the month.
Savings & transaction accountsBank updated 17 Sept 2026
At a glance
- Base rate
- 0.01%
- Bonus rate
- 5.75%
- Up to
- 5.76%
§ 01 — Rates · 4
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Bonus | — | — | up to $99,999 | 5.75% | — | paid every 1 mo; Min deposits; Min deposit amount; Max withdrawals; Max withdrawal amount; 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. |
| Bonus | — | — | $99,999+ | 3.50% | — | paid every 1 mo; Min deposits; Min deposit amount; Max withdrawals; Max withdrawal amount; 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. |
| Variable | — | — | up to $99,999 | 0.01% | — | paid every 1 mo |
| Variable | — | — | $99,999+ | 0.01% | — | paid every 1 mo |
§ 02 — Fees · 11
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Audit Certificate | Event | $25 | — | A certificate for Audit purposes. |
| Bank Recall | Event | $20 | — | A request to attempt to recall funds transferred to another account. |
| Bank Trace | Event | $20 | — | A request to trace the origin or final destination of funds either sent to or from your account. |
| Default Administration | Event | $20 | — | May apply if an event of default occurs. |
| Dishonour - Manual | Event | $22 | — | Dishonour at member's request. |
| Dishonour | Event | $1 | — | Where a Cheque or Direct Debit is not honoured. For example, a payment would be dishonoured if you do not have sufficient available funds in your account. |
| Default Enforcement Expenses | Other | Varies | — | May apply if enforcement services are required as part of default administration. |
| Overseas Telegraphic Transfer in Australian Dollars | Payment | $60 | — | Transfer of funds to an overseas bank in AUD rather than local currency. Overseas banks, including the agent bank, may charge a handling fee. Check supplied details. |
| Overseas Telegraphic Transfer in Local Currency | Payment | $30 | — | Transfer of funds to an overseas bank in the currency used locally. Overseas banks, including the agent bank, may charge a handling fee. Check supplied details. |
| Telegraphic Transfer - Outward (within Australia) | Payment | $35 | — | Funds transferred via the SWIFT network to another financial institution within Australia for same day payment (also known as a Wire or RTGS payment). |
| Cash Request | Withdrawal | Varies | — | Cash withdrawals of more than $5,000 require 24 hours' notice. Cash delivery charges, levied by the cash provider to RACQ Bank, are passed on at cost for large withdrawals. The charge is determined a… |
§ 03 — Features
Instant paymentsPayIDDigital bankingUnlimited transactions
§ 04 — Eligibility & limits
- · Minimum age 13
- · Residency: Australian Resident
- · Available to individuals
- · Bonus Saver accounts are restricted to maximum 2 owned per member.
§ 05 — Compare
§ 06 — Run the numbers
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Published by RACQ Bank under the Consumer Data Right, last changed by them on 17 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.