RACQ Bank term deposit rates
16 terms published on 10 Oct 2026, best 5.45% for 6 months, from RACQ Bank’s own Consumer Data Right feed.
RACQ Bank at a glance
Today’s rates16 terms · read 10 Oct 2026
| Term | Rate | Rank | vs median | vs best | Last change | This rate | Min. deposit | Product |
|---|---|---|---|---|---|---|---|---|
| 1mo | 0.55% | #32 of 33 | −0.95 | −3.55 | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit |
| 2mo | 1.60% | joint #25 of 36 | −0.15 | −2.85 | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit |
| 3mo | 5.25%market best | #1 of 68 | +0.70 | best | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit |
| 4mo | 3.50% | joint #40 of 49 | −1.15 | −1.90 | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit |
| 5mo | 3.50% | joint #35 of 50 | −0.80 | −1.70 | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit |
| 6mo | 5.45%market best | joint #1 of 73 | +0.45 | best | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit |
| 7mo | 3.50% | #41 of 43 | −1.45 | −1.95 | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit |
| 8mo | 3.50% | #38 of 39 | −0.90 | −1.75 | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit |
| 9mo | 3.75% | joint #48 of 60 | −1.05 | −1.65 | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit |
| 10mo | 3.50% | #37 of 40 | −0.50 | −1.85 | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit |
| 11mo | 3.50% | #40 of 45 | −0.50 | −1.95 | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit |
| 1yr | 5.35% | joint #20 of 75 | +0.10 | −0.25 | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit |
| 2yr | 3.30% | joint #62 of 67 | −1.40 | −2.25 | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit |
| 3yr | 3.30% | joint #44 of 51 | −1.00 | −2.15 | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit |
| 4yr | 3.30% | joint #26 of 32 | −0.70 | −2.20 | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit |
| 5yr | 3.30% | #26 of 31 | −0.70 | −2.20 | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit |
“Rank”, “vs median” and “vs best” compare RACQ Bank with every bank that publishes the same term today. “This rate” is the first day our daily read showed the current rate — a rate that changed between two reads is dated to the first read that showed it.
What RACQ Bank publishes about its products1 term deposit product · as published 10 Oct 2026
| Product | Interest paid | Min. deposit | Max. deposit | Fixed-rate terms | Links |
|---|---|---|---|---|---|
| Term Deposit | every 7 months (at maturity), yearly (at maturity), every 10 months (at maturity), every 8 months (at maturity), half-yearly (at maturity), every two months (at maturity), every 4 months (at maturity) | $1,000 | not stated | 16 | fees |
Term Deposit: eligibility, conditions and features
- Eligibility
- residency: Australian Resident; minimum age: 13
- Conditions
- max balance 1000000.00; min balance 1000.00; opening balance 1000.00
- Features
- digital banking; notifications: Pre-maturity notification sent via letter. Members can also opt-in to notificat…
- The bank’s description
- 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.
- Interest calculated
- daily
Every line is the bank’s own statement in its feed, read that day — nothing is inferred. Early-withdrawal terms appear under conditions or features when a bank states them.
Rate historyevery sweep day since 26 Aug 2026 · 46 days · 16 terms
3mo 5.25% today
26 Aug 202610 Oct 2026
6mo 5.45% today
26 Aug 202610 Oct 2026
1yr 5.35% today
26 Aug 202610 Oct 2026
2yr 3.30% today
26 Aug 202610 Oct 2026
3yr 3.30% today
26 Aug 202610 Oct 2026
5yr 3.30% today
26 Aug 202610 Oct 2026
All 16 terms — the other 10
1mo 0.55% today
26 Aug 202610 Oct 2026
2mo 1.60% today
26 Aug 202610 Oct 2026
4mo 3.50% today
26 Aug 202610 Oct 2026
5mo 3.50% today
26 Aug 202610 Oct 2026
7mo 3.50% today
26 Aug 202610 Oct 2026
8mo 3.50% today
26 Aug 202610 Oct 2026
9mo 3.75% today
26 Aug 202610 Oct 2026
10mo 3.50% today
26 Aug 202610 Oct 2026
11mo 3.50% today
26 Aug 202610 Oct 2026
4yr 3.30% today
26 Aug 202610 Oct 2026
Each line is the best retail rate RACQ Bank published for that term on each day we read its feed. A break in the line is a day we read no rate for that term — the feed could not be read, or the bank did not publish that term that day — never a rate carried forward.
Where RACQ Bank sitsagainst the 77 banks ranked today
1yr: 19 banks ahead
- Community First Bank 5.60%
- Dnister Bank 5.55%
- Heartland Bank 5.55%
- Unity Bank 5.50%
- Alex Bank 5.50%
- Bank Australia 5.50%
- and 13 more on the leaderboard
6mo
RACQ Bank publishes the highest 6-month rate in the market today, shared with 1 other bank.
Customer-owned banks52 banks · top 10 by best rate
| Bank | Best | Term | 6 m | 12 m | Market rank |
|---|---|---|---|---|---|
 Community First Bank | 5.60% | 1yr | 5.10% | 5.60% | #1 |
 Dnister Bank | 5.55% | 1yr | 5.30% | 5.55% | #2 |
| Unity Bank | 5.55% | 2yr | 5.35% | 5.50% | #2 |
 Bank Australia | 5.50% | 1yr | 5.30% | 5.50% | #5 |
 Bank First | 5.50% | 1yr | 5.30% | 5.50% | #5 |
 Qudos Bank | 5.50% | 1yr | 5.30% | 5.50% | #5 |
 Great Southern Bank | 5.45% | 1yr | 4.55% | 5.45% | #11 |
 People First Bank | 5.45% | 7mo | 5.00% | 5.20% | #11 |
 Police Credit Union | 5.45% | 11mo | 5.00% | 5.25% | #11 |
 QBANK | 5.45% | 1yr | 5.30% | 5.45% | #11 |
| RACQ Bank | 5.45% | 6mo | 5.45% | 5.35% | #11 |
Timeline0 rate changes since 10 Sep 2026 · ▲0 ▼0 · 1 event
| Date | Term | From → to | Δ |
|---|---|---|---|
| 30 Sep 2026 | RBA | RBA cash rate 4.60% — up 0.25 pointsReserve Bank decision effective 2026-09-30: cash rate target 4.60%, a rise of 0.25 percentage points. | |
Questions about these rates
What is RACQ Bank’s best term deposit rate today?
On 10 Oct 2026, the best retail term deposit rate RACQ Bank publishes in its Consumer Data Right feed is 5.45% for 6 months (Term Deposit). That is joint #11 of the 77 Australian banks ranked by best rate today.
What is RACQ Bank’s 12-month term deposit rate?
5.35% as read on 10 Oct 2026, 0.10 points above the market median of 5.25%, and joint #20 of the 75 banks publishing a 12-month rate. The market-best 12-month rate today is 5.60%.
What is the minimum deposit at RACQ Bank?
The lowest minimum RACQ Bank states in its feed is $1,000 (Term Deposit, 1-month). Check the product disclosure statement for balance tiers.
When did RACQ Bank last change a term deposit rate?
We have not read a change to any of RACQ Bank’s published retail term deposit rates since we first read its feed on 10 Sep 2026. Days on which we read no rate are not counted as unchanged.
Are deposits with RACQ Bank guaranteed?
RACQ Bank publishes its products under the Consumer Data Right as an Australian data holder. Under the Financial Claims Scheme, administered by APRA, protected Australian-dollar deposit accounts at an Australian-incorporated authorised deposit-taking institution (ADI) are covered up to $250,000 per account holder per ADI. Several brands can share one ADI licence, in which case the cap covers them together, so confirm which licence RACQ Bank operates under before relying on the guarantee. Scheme facts checked against apra.gov.au (Financial Claims Scheme) on 15 Sep 2026 — the link is under “About RACQ Bank” below; rates are as read on 10 Oct 2026.
About RACQ Bank
- Type
- Customer-owned bank (mutual)
- Part of
- RACQ
- Consumer Data Right feed
- https://cdrbank.racq.com.au
- Deposit guarantee
- Financial Claims Scheme, up to $250,000 per account holder per ADI — scheme details and covered institutions at APRA (checked 15 Sep 2026)
The rates on this page are the retail term deposit rates RACQ Bank publishes in its own Consumer Data Right product feed, read once a day. Business, SMSF and staff-only products are left out. A product the bank publishes as “tailored” (pricing may be negotiated) is included only when the bank also states it is open to individuals, and is marked as tailored. A day on which we read no rate is a gap on this page — never an estimate.
Facts about the institution reviewed 15 Sep 2026. Rates read 10 Oct 2026.
Savings accounts at RACQ Bankhighinterestsavingsaccounts.org
A savings account keeps the money at call, but its rate can change at any time and its best rate usually has monthly conditions. A term deposit locks one rate for its term. Both figures come from the bank’s own feed.
Please note: the savings figures on this page are estimates only and may not reflect the return you actually receive. Actual returns vary with tax, fees, the interest payment frequency and any change the bank makes to a rate before you open the account. Rates are the bank’s own published Consumer Data Right figures and may differ for particular balance tiers or online-only products. Always read the product disclosure statement, confirm the rate with the bank, and consider your own circumstances. Nothing here is financial advice or a recommendation. This site is published by Nutshell Media Pty Ltd, which is not affiliated with any bank, credit union or building society.