RACQ Advantage Plus Account Summary
Description
Our Advantage Plus Account is a straightforward 'at call' transaction account available exclusively to members aged 55 years and over. This account enables you to manage your everyday banking while earning a competitive rate of interest.
Benefits
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
Hoops
- Applicants must be at least 55.
- Ongoing rate cap: $4,999. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | RACQ Advantage Plus Account |
|---|---|
| Maximum variable rate | 0.01% p.a. |
| Ongoing interest rate | 0.01% p.a. |
| Base interest rate | 0.01% p.a. |
| Minimum age | 55 years |
Source: noren.com.au
All comparison details
| Base | 0.01% |
|---|---|
| Ongoing | 0.01% |
| Ongoing cap | $5K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | 55 |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 0.01% p.a..
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 0.01% | This band only | First $4,999 |
| Standard variable | 2.00% | This band only | Over $4,999 to $49,999 |
| Standard variable | 3.50% | This band only | Over $49,999 |
Source: noren.com.au
Share/Export
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Requirements
- RACQ services stop at noon AEST on 13 November 2026 for transfer to Bendigo Bank, these prices require a new review before that transition.
- Provider fee review 29 October 2026: this savings account has no monthly account-keeping fee. This does not waive transaction, statement, special-service or separately linked-account charges, their published conditions still apply.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with RACQ.
- Individual applicants only
- Australian Resident
- Age 55 or over.
- Queensland residential address, Australian identification and Australian mobile number required. Under-18 applicants use phone or branch channels where eligible.
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Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected on 31 Oct 2026. Pricing verified on 26 Oct 2026.