RACQ Bank Bonus Saver awarded top honour by Mozo
The RACQ Bank Bonus Saver Account has been awarded the Mozo Experts Choice Award for ‘High Interest Savings’ for 2024.
The Mozo experts compared 447 products from 91 banks and credit unions before recognising RACQ Bank, among 10 other institutions, with the award.
RACQ Bank Head of Banking Product and Operations Will White said it was an honour to receive this award, which recognised the Bank’s commitment to offering members competitive solutions to help with their financial situation.
“With cost-of-living pressures and last year’s rise in interest rates, we were proud to have offered our members a competitive rate on our Bonus Saver Account, making it easier to earn more on their savings,” Mr White said.
“With this account, members can earn bonus interest by depositing at least $100 a calendar month and not making any debit transactions within that same month.
“In addition to a great rate, we offer competitive features on this product such as simple terms* and no short-term 'introductory' rates, making it a great option for members.
“We have achieved incredible growth through this product and it’s a credit to our devoted teams who remain committed to helping our members boost their savings.”
The award category identified the best ongoing savings rates, either on an unconditional base rate or an interest rate where qualifying criteria were met each month.
More information on RACQ Bank’s Bonus Saver Account can be found here: Bonus saver account | RACQ
*Disclaimer
Rates current as at 21 November 2023 and subject to change at any time. 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 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.
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The information in this article has been prepared for general information purposes only and is not intended as legal advice or specific advice to any particular person. Any advice contained in the document is general advice, not intended as legal advice or professional advice and does not take into account any person’s particular circumstances. Before acting on anything based on this advice you should consider its appropriateness to you, having regard to your objectives and needs.
Insurance products (excluding Travel Insurance) are issued by RACQ Insurance Limited ABN 50 009 704 152 (RACQ). Conditions, limits and exclusions 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 Product Disclosure Statement (PDS) and any applicable Supplementary PDS before making a purchase decision on this product. You can also access our Target Market Determinations on this website.
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.
RACQ Operations Pty Ltd (ABN 80 009 663 414 AR 000234978) and Members Travel Group Pty Ltd (ABN 45 144 538 803 AR 000432492) are acting as an Authorised Representative of the issuer of the insurance, Tokio Marine & Nichido Fire Insurance Co., Ltd. (ABN 80 000 438 291 AFSL 246 548). Any advice set out above is general in nature only, and does not take into account your objectives, financial situation or needs. Before purchasing any travel products, please consider the RACQ Travel Insurance Product Disclosure Statement (PDS) and the Target Market Determinations (TMDs) that apply to these products. Whilst the PDS outlines the Terms and Conditions of these products, the TMDs outline the intended class of customers that comprise the target market for these travel products. This will allow you to consider which products best suit your objectives, financial situation and needs and consider the products appropriateness to your personal circumstances. TMDs also outline matters involving the distribution and the review of these products. The PDS, Supplementary PDS and TMDs for each travel product can be found here.