RACQ Bonus Saver Account Summary
Description
Our Bonus Saver Account rewards members for saving by providing bonus interest when you deposit at least $100 and make no debit transactions during the month.
Benefits
- No monthly savings-account fee.
Hoops
- Applicants must be at least 13.
- For bonus interest, deposit at least $100 each month. Check the full requirements below.
- Withdrawals can forfeit bonus interest.
- Ongoing rate cap: $99,999. See the rate breakdown for higher balances.
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Details
Key details
| Product name | RACQ Bonus Saver Account |
|---|---|
| Maximum variable rate | 6.00% p.a. |
| Ongoing interest rate | 6.00% p.a. |
| Base interest rate | 0.01% p.a. |
| Minimum age | 13 years |
Source: noren.com.au
All comparison details
| Base | 0.01% |
|---|---|
| Ongoing | 6.00% |
| Ongoing cap | $100K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 1 |
| Dep $/mth | $100 |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | 0 |
| Min age | 13 |
| 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., before bonus interest.
- Ongoing: 6.00% p.a. when bonus conditions are met. Up to $99,999.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.01% | Whole balance | All balances |
| Ongoing total, conditions met | 6.00% | Whole balance | Up to $99,999 |
| Ongoing total, conditions met | 3.75% | Whole balance | $99,999.01 and over |
Source: noren.com.au
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Requirements
- Deposit a total of at least $100 during the calendar month, several deposits may contribute.
- Make no debit transactions during that calendar month. Otherwise only the base rate applies.
- Qualification covers the preceding month-end day through the second-last day of the current month. The final day is qualified and paid with the following month.
- 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.
- Australian Resident
- Age 13 or over.
- Individual applicants only
- Bonus Saver accounts are restricted to maximum 2 owned per member.
- Maximum two Bonus Saver accounts per member, a Visa Debit Card cannot be linked.
- 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.