Advantage Plus Account
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.
- Base rate
- 3.25%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 0.01% | Up to $4,999 | every 3 months |
| Variable | 1.75% | Over $4,999 to $49,999 | every 3 months |
| Variable | 3.25% | Over $49,999 | every 3 months |
Fees
| Fee | Type | Amount |
|---|---|---|
| Audit Certificate A certificate for Audit purposes. | Event | $25.00 |
| Card / PIN Postage (International) Charged when your mailing address is outside of Australia and a card or PIN is mailed. | Event | $9.00 |
| 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 |
| Cash Request Cash withdrawals of more than $5,000 require 24 hours' notice. Cash delivery charges, levied by the cash provider to RACQ Bank, are passed on at cost for large withdrawals. The charge is determined at the time of the request and may vary according to location. | Withdrawal | Variable |
| Foreign currency conversion fee For any transaction made overseas or in a foreign currency, a fee of 2.75% of the total transaction value (in Australian Dollars) will be charged. The fee applies to: • Transactions made physically overseas. • Transactions made in a foreign currency, regardless of whether you’re in Australia or another country. • Transactions processed by overseas merchants, even if the purchase or action takes place within Australia or in Australian Dollars | Event | Variable |
Features
- Card access — Visa Debit card
- Additional cards — null
- Digital wallet — Google Pay
- PayID
- Digital banking
- Digital wallet — Apple Pay
- Real-time payments (NPP)
- Unlimited transactions — RACQ Bank has removed fees for most everyday transactions, such as eftpos transactions, internet transfers and direct debits.
Eligibility
- Individuals only
- Residency status — Australian Resident
- Minimum age — 55 years
More Information
Published by RACQ Bank under the Consumer Data Right · Last updated 18 May 2026 · Product ID 601 · View on CDR.gov.au