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- RACQ Bank
- Term Deposit
Term Deposit
- 3 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
0.55%
Maximum rate
4.85%
for 6 months
Term Deposit
- 3 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
0.55%
Maximum rate
4.85%
for 6 months
Pros and Cons
For Term Deposit
Benefits
- Automatic maturity rollover
- Maturity alert by email and phone
Drawbacks
- Interest cannot be paid to other institution
- 31 days notice to withdraw funds before maturity and interest rate adjustment will apply to interest earned on funds
RACQ Bank Rate Term Deposit overview
For Term Deposit
Features
Min deposit
$1,000
Automatic maturity rollover
Maturity alert by phone
Maturity alert by email
Joint application available
Minimum age requirement
13
Notice period to withdraw
31
Is covered by government guarantee
Target Market Determination
Visit RACQ Bank to view Target Market Determination.
Interest
Interest calculation frequency
Daily
Interest payment frequency options
At Maturity, Annually
Interest payment via other institution
Interest payment method
-
Fees
Account keeping fee
$0
Early withdrawal fee
Rates
Promoted term deposit products
Personal Term Deposit (At Maturity)
Real Time Rating™
6 months
Automatic maturity rollover
Joint application available
Maturity alert by email
Interest rate
5.10%
for 6 months
Min deposit
$1,000
Maximum rate
5.10%
for 6 months
Term Deposit
Real Time Rating™
1 month
Automatic maturity rollover
Joint application available
Interest rate
2.00%
for 1 month
Min deposit
$1,000
Maximum rate
4.90%
for 60 months
Term Deposits
Real Time Rating™
3 months
Automatic maturity rollover
Joint application available
Maturity alert by email
Interest rate
3.50%
for 3 months
Min deposit
$1,000
Maximum rate
4.80%
for 12 months
Advance Notice Term Deposit
Real Time Rating™
1 month
Automatic maturity rollover
Joint application available
Maturity alert by phone
Interest rate
1.25%
for 1 month
Min deposit
$5,000
Maximum rate
4.70%
for 12 months
Product data updated on 19 Apr 2024