RACQ Bank Advantage Plus Account
transaction accountage limitedstale
Advantage Plus Account is a transaction account from RACQ Bank. At $50,000 it pays 1.80% p.a. with no bonus conditions.
Not ranked: a transaction (everyday) account, not a savings account.
Rate tiers
Every balance band in the bank's feed: base is the rate the bank pays.
| Balance | Base |
|---|---|
| $0 – $4,999stepped: paid on the part of the balance in this band | 0.01% |
| $4,999.01 – $49,999stepped: paid on the part of the balance in this band | 2.00% |
| $49,999.01+stepped: paid on the part of the balance in this band | 3.50% |
The rates are stepped: each band's rate is paid on the part of the balance that falls in it, so a balance across several bands earns a blend of them.
Conditions
- not updated by the bank since 2026-10-12, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed
Features
- card
- Visa Debit card
- app
- yes
- Osko
- yes
- PayID
- yes
- transactions
- unlimited
- wallets
- Apple Pay, Google Pay, Samsung Pay
Fees, limits and who can open it
- monthly fee
- no monthly fee stated
- other fees named
- Cash Request, Foreign currency conversion fee, Card / PIN via Courier (International), Bank@Post Cheque Dishonour, Default Enforcement Expenses (no amount in the feed)
- interest paid
- quarterly
- interest calculated
- daily
- age
- ages 55 and over
- open to
- personal customers
- age limited
- open only to people of certain ages (kids, youth or seniors accounts)
Who can open it, in the bank's own words:
- residency: Australian Resident
- age 55 and over
About this account
Our Advantage Plus Account is a straightforward 'at call' transaction account available exclusively to members aged 55 years and over. This account enables you to manage your everyday banking while earning a competitive rate of interest.
Data
- RACQ Bank's own page for this account.
- The bank's documents its product record links to: fees.
- Our verbatim snapshot of the bank's product record (source), as fetched on 22 October 2026.
/au/finance/savings-accounts/v1/brands/racq-bank.json: this bank's accounts and every balance band as JSON; RACQ Bank's page lists them.- The bank last updated this record on 12 October 2026. Rates are per annum as the bank states them; "stale" means the bank has not updated the record for over 60 days or since the latest cash rate change.
Other accounts at RACQ Bank
- Bonus Saver Accountstale savings account, 6.00% conditional at $50,000
- eSave Accountstale savings account, 3.25% base at $50,000
- Business Unsecured Current Accountstale transaction account, 0.01% base at $50,000
- Everyday Accountstale transaction account, 0.00% base at $50,000
All of RACQ Bank's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.
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