eSave Account
Our eSave Account is an online savings account that allows you to earn a competitive rate of interest while your money remains 'at call'. Access to the account is available via internet banking and phone banking only.
- Base rate
- 3%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 3% | — | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| Default Enforcement Expenses May apply if enforcement services are required as part of default administration. | Other | Variable |
| 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 |
| Bank Trace A request to trace the origin or final destination of funds either sent to or from your account. | Event | $20.00 |
| 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 |
| Bank Recall A request to attempt to recall funds transferred to another account. | Event | $20.00 |
| Default Administration May apply if an event of default occurs. | Event | $20.00 |
Features
- Unlimited transactions — RACQ Bank has removed fees for most everyday transactions, such as eftpos transactions, internet transfers and direct debits.
- Real-time payments (NPP)
- PayID
- Digital banking
Eligibility
- Residency status — Australian Resident
- Individuals only
- Minimum age — 13 years
More Information
Published by RACQ Bank under the Consumer Data Right · Last updated 18 May 2026 · Product ID 504 · View on CDR.gov.au