RACQ Bank Term Deposit
16 termsFixed rate
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.
- Minimum deposit
- $1,000
- Maximum deposit
- $1,000,000
- Terms offered
- 16
Rate a year, up to
For 6 months
Rates by term
| Term | Interest paid | Rate a year |
|---|---|---|
| 1 month | At maturity | 0.55% |
| 2 months | At maturity | 1.60% |
| 3 months | At maturity | 5.25% |
| 4 months | At maturity | 3.50% |
| 5 months | At maturity | 3.50% |
| 6 months | At maturity | 5.45% |
| 7 months | At maturity | 3.50% |
| 8 months | At maturity | 3.50% |
| 9 months | At maturity | 3.75% |
| 10 months | At maturity | 3.50% |
| 11 months | At maturity | 3.50% |
| 1 year | At maturity | 5.35% |
| 2 years | Yearly | 3.30% |
| 3 years | Yearly | 3.30% |
| 4 years | Yearly | 3.30% |
| 5 years | Yearly | 3.30% |
Deposit amount on every term: $1,000 to $1,000,000.
How it compares
Against the other 1 year term deposits we compare. Typical means the middle half of them.
1 year rate
5.35%
A typical 1 year rate is 5.25%.
Minimum deposit
$1,000
A typical minimum is $2,000.
Pros and cons
Pros
- Plenty of terms. 16 terms to choose from, so you can match the term to when you'll need the money.
Cons
- Your money is locked in. Taking it out early usually needs 31 days' notice and earns less interest.
Similar term deposits
Term deposits from other banks that pay a similar rate for the same term.
- Rate a year
- 5.35%
- Minimum deposit
- $1,000
- Rate a year
- 5.35%
- Minimum deposit
- $1,000
- Rate a year
- 5.35%
- Minimum deposit
- $1,000
