RACQ Bank
Term Deposit
RACQ Bank · term deposits
Provider last updated this product 2026-09-02.
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.
Deposit rates
| Type | Rate | Term | Calculated | Applies to | Conditions | Interest |
|---|---|---|---|---|---|---|
| FIXED | 3.50% | 7 months | daily | 7 - 7 months | Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | calculated daily, paid P7M |
| Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | ||||||
| FIXED | 5.35% | 12 months | daily | 12 - 12 months | Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | calculated daily, paid P12M |
| Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | ||||||
| FIXED | 3.50% | 10 months | daily | 10 - 10 months | Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | calculated daily, paid P10M |
| Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | ||||||
| FIXED | 3.30% | 24 months | daily | 24 - 24 months | Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | calculated daily, paid annually |
| Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | ||||||
| FIXED | 3.30% | 48 months | daily | 48 - 48 months | Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | calculated daily, paid annually |
| Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | ||||||
| FIXED | 3.50% | 8 months | daily | 8 - 8 months | Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | calculated daily, paid P8M |
| Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | ||||||
| FIXED | 5.45% | 6 months | daily | 6 - 6 months | Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | calculated daily, paid half-yearly |
| Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | ||||||
| FIXED | 3.30% | 60 months | daily | 60 - 60 months | Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | calculated daily, paid annually |
| Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | ||||||
| FIXED | 1.60% | 2 months | daily | 2 - 2 months | Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | calculated daily, paid P2M |
| Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | ||||||
| FIXED | 3.50% | 4 months | daily | 4 - 4 months | Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | calculated daily, paid P4M |
| Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | ||||||
| FIXED | 3.30% | 36 months | daily | 36 - 36 months | Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | calculated daily, paid annually |
| Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | ||||||
| FIXED | 0.55% | 1 months | daily | 1 - 1 months | Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | calculated daily, paid monthly |
| Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | ||||||
| FIXED | 5.25% | 3 months | daily | 3 - 3 months | Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | calculated daily, paid quarterly |
| Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | ||||||
| FIXED | 3.75% | 9 months | daily | 9 - 9 months | Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | calculated daily, paid P9M |
| Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | ||||||
| FIXED | 3.50% | 5 months | daily | 5 - 5 months | Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | calculated daily, paid P5M |
| Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | ||||||
| FIXED | 3.50% | 11 months | daily | 11 - 11 months | Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | calculated daily, paid P11M |
| Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request. | ||||||
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| Early Redemption | VARIATION | - | If you withdraw your Term Deposit before the maturity date, an Early Redemption fee (i.e. Early redemption interest adjustment) will apply based on the proportion of the term completed. An early redemption notice period also applies. |
Rate history
The figures behind this chart
| From | Until | Rate |
|---|---|---|
| 2026-07-15 | 2026-09-01 | 5.30% |
| 2026-09-03 | 2026-09-30 (current) | 5.45% |
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
Limits
- max balance - 1000000.00
- min balance - 1000.00
- opening balance - 1000.00
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: 2026-09-02T22:06:11Z · Product ID: 7