RACQ Bank
ChallengerRACQ Bank offers term deposits from 3-month to 5-year. Its highest current rate is 5.45% p.a. for a 6-month term, with interest paid semi-annually and a $1k minimum deposit. Its 1-year rate currently reaches 5.35% p.a. Compare RACQ Bank's current rates with the highest term deposit rates in Australia to see whether it is competitive right now.
Best available rate
6-month term · Semi-annually · Min. $1k
This is one of RACQ Bank's strongest current rates, but higher rates may be available across other lenders or terms.
Current Rates
Compare RACQ Bank against all current term deposit rates or browse by term: 3-month, 6-month, 1-year, 2-year, 3-year, 5-year.
| Term | Rate p.a. | Interest paid | Min deposit | Since | |
|---|---|---|---|---|---|
| 3mo | Quarterly | $1k | 4 Sep 2026 | ||
| See all 3-month rates → | |||||
| 6mo | Semi-annually | $1k | 4 Sep 2026 | ||
| See all 6-month rates → | |||||
| 1yr | At maturity | $1k | 1 Jul 2026 | ||
| See all 1-year rates → | |||||
| 2yr | 3.30% | Annually | No minimum | 11 Apr 2026 | |
| See all 2-year rates → | |||||
| 3yr | 3.30% | Annually | No minimum | 11 Apr 2026 | |
| See all 3-year rates → | |||||
| 5yr | 3.30% | Annually | No minimum | 11 Apr 2026 | |
| See all 5-year rates → | |||||
Something look wrong? Report an incorrect rate →
Get alerted when RACQ Bank changes their rates
We'll email you the moment RACQ Bank updates any term deposit rate. Free, unsubscribe anytime.
No spam. Unsubscribe in one click.
RACQ Bank term deposit FAQs
What is RACQ Bank's best term deposit rate? ▾
RACQ Bank's best current term deposit rate is 5.45% p.a. for a 6-month term, with interest paid semi-annually. Compare this with all Australian banks →
What is RACQ Bank's best 12-month term deposit rate? ▾
RACQ Bank's best current 12-month term deposit rate is 5.35% p.a., with interest paid at maturity. Compare 12-month rates across all banks →
What is the minimum deposit for a RACQ Bank term deposit? ▾
The lowest minimum deposit currently available for a RACQ Bank term deposit is $1,000. Minimum deposits can vary by term length — check the rates table above for details.
Are RACQ Bank's term deposit rates competitive right now? ▾
RACQ Bank's best current rate is 5.45% p.a. for a 6-month term. Compare this against the current leaders to see where it sits in the market: See the best term deposit rates in Australia →