Go further, faster with your RACQ Bank online savings account
Whether you’re saving for your next holiday, a new car, or the home of your dreams, our card-free eSave Account simplifies staying on track. Move money where you need it most, inject funds when you can, or sit back and save on autopilot. We’re here to help you make the most of your money.
- Earn interest on the total balance of the account
- Flexibility to use your funds, for when you want to spend a little or save a little
- Your interest is calculated daily and paid monthly
- Get unlimited deposits and withdrawals without affecting your interest rate
eSave Account details
You can see a full list of eSave Account fees in our Fees and Charges Schedule. Or, take a look at our Deposit Rate Schedule for more info on rates.
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Fees
- Transaction fees for internet transfers and direct credits: $0
- Monthly account keeping: $0
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Eligibility
- Over 18 years of age
- Queensland residential address
- Australian driver licence or Australian passport
- Australian mobile number
Opening your online savings account is easy
It’s easy to switch to RACQ Bank and open an eSave Account using your computer or smart phone. It takes only a few minutes to submit your application online:
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Fill in your online application and complete your identity check -
If you have nominated a second applicant they will also be sent their invitation to complete their application and identity check -
Once your application is submitted we will open your account and send you a text message and email with your account details
Why make the switch to RACQ Bank?
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Watch your savings go up, not down -
Bank safely with RACQ Bank -
Queensland-based -
Unlock member benefits savings
Other bank accounts
Tap into RACQ member discounts today~~
Save on everyday essentials with 4% off pre-purchased Woolworths Supermarket eGift Cards.
Drive further for less with 4 cents off per litre on fuel at participating Caltex service stations#.
Movie night just got better- Save up to 40% on eVouchers for Event Cinemas and BCC Cinemas.
Dig into delicious discounts at more than 300 food and dining locations across Queensland.
Contact us
Need help or would like to know more? RACQ Bank offers many convenient ways for you to get in touch with us.
eSave Account FAQs
Things to note
Banking and loan products issued by Members Banking Group Limited ABN 83 087 651 054 AFSL/Australian credit licence 241195 trading as RACQ Bank. Terms, conditions, fees, charges and lending policies apply. This is general advice only and may not be right for you. This information does not take your personal objectives, circumstances or needs into account. Read the disclosure documents for your selected product or service, including the Financial Services Guide and the Terms and Conditions, and consider if appropriate for you before deciding.
Except for RACQ Bank, any RACQ entity referred to on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth). That entity’s obligations do not represent deposits or other liabilities of RACQ Bank. RACQ Bank does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.
Interest rates on a per annum basis and are current as at 4 March 2025 and subject to change at any time.
You can only create a PayID within mobile or internet banking by linking it to an eligible account. Not available on some accounts. Please read the Mobile and Internet Banking Terms and Conditions for more information.
Biometric identification features are compatible with selected devices only, noting that some devices may not be able to use particular biometric identification methods. For Android, selected biometric features should be available on devices with android v 4.4 or greater, provided that feature is available in device. For iOS device, any device that is running with IOS version 9, 10 or 11 (or greater), provided that feature is available in device.
~~ Terms and conditions apply to all offers. View the individual offer for full details. Offer is subject to availability and may be withdrawn at any time without notice.
#Conditions apply. Offer available at participating Caltex and Puma Energy service stations. Visit racq.com/caltex for details.