I like the RACQ bank for my banking needs as a Savings account. I don’t need a keycard access which makes it easier to spend money and I don’t even need to use internet banking if I don’t need to. The other pro’s I love is they love to give back to the broader community especially in hard times. The only con I’ve seen from the bank is when I went to open my first term deposit with them and the branch I opened it at didn’t take cash payments. There was only one branch on the whole Northside of the city I’m living on that took cash.
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Bonus rate when at least $20 is deposited each month and five Visa Debit transactions are made each month using linked Everyday or Glide transaction accounts.
No withdrawals in the month. Bonus rate for first 4 months, reverting to 0.15% rate after*
Minimum deposit of $200 and no withdrawals in the month.
Bonus rate for the first 4 months from account opening
Increase balance by at least $300 in the month
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