---
title: "Term Deposit — RACQ Bank"
description: "Term Deposits from RACQ Bank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/racq-bank/products/7
source: "CDR Compare"
language: en-AU
last_updated: 2026-06-29T22:11:18Z
---

# Term Deposit — RACQ Bank

> Term Deposits from RACQ Bank. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Term Deposits**

A Term Deposit is an investment account where the interest rate is guaranteed not to change for the whole of the nominated term. It gives you the security of knowing that your interest income is protected against changes in market conditions.

## At a glance

- **Fixed rate:** 5.35% (1 year)

## Deposit rates

| Type | Rate | Applies to | Interest paid |
| --- | --- | --- | --- |
| Fixed · 7 months (Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request.) | 3.5% | 7 months | every 7 months |
| Fixed · 1 year (Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request.) | 5.35% | 1 year | every 12 months |
| Fixed · 10 months (Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request.) | 3.5% | 10 months | every 10 months |
| Fixed · 2 years (Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request.) | 3.3% | 2 years | yearly |
| Fixed · 4 years (Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request.) | 3.3% | 4 years | yearly |
| Fixed · 8 months (Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request.) | 3.5% | 8 months | every 8 months |
| Fixed · 6 months (Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request.) | 5.3% | 6 months | every 6 months |
| Fixed · 5 years (Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request.) | 3.3% | 5 years | yearly |
| Fixed · 2 months (Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request.) | 1.6% | 2 months | every 2 months |
| Fixed · 4 months (Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request.) | 3.5% | 4 months | every 4 months |
| Fixed · 3 years (Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request.) | 3.3% | 3 years | yearly |
| Fixed · 1 month (Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request.) | 0.55% | 1 month | monthly |
| Fixed · 3 months (Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request.) | 5% | 3 months | every 3 months |
| Fixed · 9 months (Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request.) | 3.75% | 9 months | every 9 months |
| Fixed · 5 months (Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request.) | 3.5% | 5 months | every 5 months |
| Fixed · 11 months (Interest is paid at maturity or annually if term exceeds 12 months. Rates for deposits over $1m are available on request.) | 3.5% | 11 months | every 11 months |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Early Redemption — If you withdraw your Term Deposit before the maturity date, an Early Redemption fee (i.e. Early redemption interest adjustment) will apply based on the proportion of the term completed. An early redemption notice period also applies. | Variation | Variable |

## Features

- **Digital banking**
- **Notifications** — Pre-maturity notification sent via letter. Members can also opt-in to notification via SMS and / or email.

## Eligibility

- **Residency status** — Australian Resident
- **Minimum age** — 13 years

## Constraints

- **Maximum balance** — $1,000,000.00
- **Minimum balance** — $1,000.00
- **Opening balance** — $1,000.00

## More information from RACQ Bank

- [Fees & pricing](https://www.racq.com.au/banking/support-and-faqs/forms-documents)

## Data provenance

- Published by RACQ Bank under the Consumer Data Right
- Product ID: `7`
- Last updated by the provider: 29 June 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/racq-bank/7
- Provider page: https://www.cdrcompare.au/brands/racq-bank
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000244

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/racq-bank/products/7) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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