RACQ Bank Bonus Saver Account
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Bonus Saver Account is a savings account from RACQ Bank. At $50,000 it pays 6.00% p.a. in a month in which the conditions below are met and 0.01% when they are not.
Rate tiers
Every balance band in the bank's feed: base is the rate when the bonus conditions are not all met, bonus the add-on for meeting them, conditional the two together.
| Balance | Base | Bonus | Conditional |
|---|---|---|---|
| $0 – $99,999 | 0.01% | 6.00% | 6.00% |
| $99,999.01+ | 0.01% | 3.75% | 3.75% |
Each rate is paid on the whole balance: the balance falls into one band and earns that band's rate.
The bonus rate is the whole rate paid in a month in which the conditions are met, in place of the base rate, as the feed states it; conditional is that rate.
The bonus rate changes with the balance; the bands above show what the feed states for each.
Conditions
For the bonus rate
- deposit $100 or more each month
- no withdrawals in the month
Other 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
- a Queensland residential address is required
Features
- app
- yes
- Osko
- yes
- PayID
- yes
- transactions
- unlimited
Fees, limits and who can open it
- monthly fee
- no monthly fee stated
- other fees named
- Default Enforcement Expenses, Cash Request (no amount in the feed)
- interest paid
- monthly
- interest calculated
- daily
- age
- ages 13 and over
- open to
- personal customers
- region limited
- open only to people who live or work in a certain area
Who can open it, in the bank's own words:
- residency: Australian Resident
- Bonus Saver accounts are restricted to maximum 2 owned per member.
About this 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.
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.
- We read the bank's own page and terms against this page on 1 November 2026: Bonus-saver-account, btmd00240126_tmd-bonus-saver-account.pdf; conditions they state and its feed does not are listed above.
/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
- eSave Accountstale savings account, 3.25% base at $50,000
- Advantage Plus Accountstale transaction account, 1.80% 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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Deep Almanac is a secondary source and this page is provided for general information and reference. It is not financial, investment, legal, valuation, educational or other professional advice, and it is not a substitute for checking the original source. Rates change without notice, bonus interest is paid only in the months an account's conditions are met, and banks may apply conditions not captured here. You are responsible for any decision you or your software makes in reliance on this page. See our terms of use.