Bonus Saver Account
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.
- Base rate
- 0.01%
- Bonus rate
- 5.25%
- conditions apply
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Bonus | 3% | Bonus rate over $99,999 | monthly |
| Variable | 0.01% | Base rate Up to $99,999 | monthly |
| Bonus | 5.25% | Bonus rate Up to $99,999 | monthly |
| Variable | 0.01% | Base rate over $99,999 | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| Telegraphic Transfer - Outward (within Australia) Funds transferred via the SWIFT network to another financial institution within Australia for same day payment (also known as a Wire or RTGS payment). | Payment | $35.00 |
| Default Administration May apply if an event of default occurs. | Event | $20.00 |
| Dishonour Where a Cheque or Direct Debit is not honoured. For example, a payment would be dishonoured if you do not have sufficient available funds in your account. | Event | $1.00 |
| Bank Recall A request to attempt to recall funds transferred to another account. | Event | $20.00 |
| Overseas Telegraphic Transfer in Australian Dollars Transfer of funds to an overseas bank in AUD rather than local currency. Overseas banks, including the agent bank, may charge a handling fee. Check supplied details. | Payment | $60.00 |
| Default Enforcement Expenses May apply if enforcement services are required as part of default administration. | Other |
Features
- PayID
- Real-time payments (NPP)
- Digital banking
- Unlimited transactions — RACQ Bank has removed fees for most everyday transactions, such as eftpos transactions, internet transfers and direct debits.
Eligibility
- Residency status — Australian Resident
- Minimum age — 13 years
- Individuals only
- Bonus Saver accounts are restricted to maximum 2 owned per member.
More Information
Published by RACQ Bank under the Consumer Data Right · Last updated 18 May 2026 · Product ID 404 · View on CDR.gov.au