Balances from $0: 0.01% p.a. |
|
Balances from $0: 5.25% p.a. |
|
Minimum deposit of $100 and no debit transactions in the month. |
$0.00 |
|
n/a |
|
Unlimited free transactions from phone, internet. |
|
n/a |
|
n/a |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
$1.00 |
|
$0.00 |
|
Monthly |
no |
|
$1,000.00 |
|
no |
|
no |
|
no |
|
yes |
|
no |
|
yes |
|
yes |
|
yes |
|
yes |
|
Bonus Saver Accounts are restricted to a maximum of 2 per member. Applicants must be aged 18 and over. |
|
none |
|
none |
The interest rates are very good , that is if you were aware that as soon as you have $100,000 in the account your savings will drop to 1.2 % for the entire amount instead of 1.9%. We were not informed this would happen when taking out 4 of these accounts. The wording is ambiguous, verified by a RACQ bank manager who was also not aware that you lost interest over $99,999 on the whole amount. He read it as we did, up to $99,999 you receive 1.90 % and the amount over drops to 1.2 % . And do not withdraw any or all during the month because your rate drops to 0.01% .
Read full reviewThe interest rates are very good , that is if you were aware that as soon as you have $100,000 in the account your savings will drop to 1.2 % for the entire amount instead of 1.9%. We were not informed this would happen when taking out 4 of these accounts. The wording is ambiguous, verified by a RACQ bank manager who was also not aware that you lost interest over $99,999 on the whole amount. He read it as we did, up to $99,999 you receive 1.90 % and the amount over drops to 1.2 % . And do not withdraw any or all during the month because your rate drops to 0.01% .
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.
Read full reviewI 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.
Excellent bank great customer service. Love QTMB
Read full reviewExcellent bank great customer service. Love QTMB
The product suits my needs and there are plenty of other options choose from if my needs change.
Read full reviewThe product suits my needs and there are plenty of other options choose from if my needs change.
High Interest Savings Account
5.75% p.a. (for $0 to $250,001)
4.40% p.a.(for $0 to $250,001)
Yes up to $250,000
Savings Account
5.35% p.a. (for $0 to $250,000)
4.75% p.a.(for $0 to $1,000,000)
Yes up to $250,000
Reward Saver Account
5.25% p.a. (for $0 to $1,000,000)
0% p.a.(for $0 and over)
Yes up to $250,000
AMP Saver Account
5.40% p.a. (for $0 to $250,000)
1.20% p.a.(for $0 to $5,000,000)
Yes up to $250,000
Savings+Bonus
5.00% p.a. (for $0 to $250,000)
2.00% p.a.(for $0 to $250,000)
Yes up to $250,000
Save Account
5.10% p.a. (for $0 to $250,000)
0.10% p.a.(for $0 and over)
Yes up to $250,000
Bonus Saver Account
5.00% p.a. (for $0 to $250,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
High Interest Savings Account
5.75% p.a. (for $0 to $250,001)
Yes up to $250,000
4.40% p.a.(for $0 to $250,001)
Savings Account
5.35% p.a. (for $0 to $250,000)
Yes up to $250,000
4.75% p.a.(for $0 to $1,000,000)
Save Account
5.10% p.a. (for $0 to $250,000)
Yes up to $250,000
0.10% p.a.(for $0 and over)
AMP Saver Account
5.40% p.a. (for $0 to $250,000)
Yes up to $250,000
1.20% p.a.(for $0 to $5,000,000)
Savings+Bonus
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
2.00% p.a.(for $0 to $250,000)
Reward Saver Account
5.25% p.a. (for $0 to $1,000,000)
Yes up to $250,000
0% p.a.(for $0 and over)
Bonus Saver Account
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
0.05% p.a.(for $0 and over)
Reward Saver Account
0% p.a.(for $0 and over)
5.25% p.a. (for $0 to $1,000,000)
Yes up to $250,000