RACQ Bank
Bonus Saver Account
RACQ Bank · trans and savings accounts
Provider last updated this product 2026-09-16.
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.
Deposit rates
| Type | Rate | Term | Calculated | Applies to | Conditions | Interest |
|---|---|---|---|---|---|---|
| BONUS | 3.50% | - | daily | $99,999.01+ | - | calculated daily, paid monthly |
| VARIABLE | 0.01% | - | daily | $0 - $99,999 | - | calculated daily, paid monthly |
| BONUS | 5.75% | - | daily | $0 - $99,999 | - | calculated daily, paid monthly |
| VARIABLE | 0.01% | - | daily | $99,999.01+ | - | calculated daily, paid monthly |
Fees
| Fee | Type | Amount | 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). |
| Default Administration | EVENT | $20 | May apply if an event of default occurs. |
| 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. |
| Bank Recall | EVENT | $20 | A request to attempt to recall funds transferred to another account. |
| 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. |
| Default Enforcement Expenses | OTHER | - | May apply if enforcement services are required as part of default administration. |
| 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. |
| Dishonour - Manual | EVENT | $22 | Dishonour at member's request. |
| Cash Request | WITHDRAWAL | - | 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 at the time of the request and may vary according to location. |
| Audit Certificate | EVENT | $25 | A certificate for Audit purposes. |
| Bank Trace | EVENT | $20 | A request to trace the origin or final destination of funds either sent to or from your account. |
Rate history
The figures behind this chart
| From | Until | Rate |
|---|---|---|
| 2026-07-15 | 2026-09-14 | 5.25% |
| 2026-09-17 | 2026-09-30 (current) | 5.75% |
Published figures as captured daily since 2026-07-15. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
Who can apply
- residency status - Australian Resident
- min age - 13
- natural person
- otherBonus Saver accounts are restricted to maximum 2 owned per member.
The provider's own documents
Published by the provider under the Consumer Data Right. These are their documents, not ours - they are the authority on this product.
Last updated by data holder: 2026-09-16T22:03:23Z · Product ID: 404