In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question

Bank of Queensland Premier Investment Account

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Updated
Bank of Queensland Premier Investment Account
Interest rate 6 months interest rate
Up to 4.75% p.a.
Minimum opening deposit
$5,000
Account keeping fee
$0

Summary

Structure your account the way you see fit to get the most benefit from your investment cash.

The Premier Investment Account is a term deposit designed to give you an optimal return on your investment. You choose how much, for how long, and how often to get paid, and watch as your initial deposit grows with interest. This is a premier way to encourage savings growth that will help you in meeting your future goals.

Pros

  • $0 account maintenance fee
  • No transaction fees apply
  • There will be an interest adjustment if withdrawal has been made prior to the end of the investment term

Cons

  • This account has a minimum investment of $5,000

In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question

Details

Key details

Product Name Bank of Queensland Premier Investment Account
3 month interest rate 2.25%
4 month interest rate 4.60%
6 month interest rate 4.75%
7 month interest rate 1.50%
9 month interest rate 4.70%
12 month interest rate 4.50%
24 month interest rate 3.30%
36 month interest rate 3.30%
48 month interest rate 3.30%
Minimum Opening Deposit $5,000
Minimum age requirement 18
Government guarantee Yes

Eligibility

Minimum Age Requirement 18
Joint account availability No
Min Deposit $5,000
Available to children Not available for children

Key features

Monthly account keeping fees

There are no monthly account keeping fees charged to you.

Transaction fees

This account is free of any transaction fees.

How to apply

Eligibility

If you are already a Bank of Queensland customer you can set up your Premier Investment Account through your online banking platform. New customers can fill out an application online which can be accessed by visiting Bank of Queensland website. Before you begin, check to make sure that you are able to meet the following eligibility requirements:

  • Minimum age. In order for your application to be accepted you need to be at least 18 years old. If opening a joint account both applicants will need to meet this requirement.
  • Residency requirements. All applicants must be Australian citizens or permanent residents of Australia.

Compare other savings accounts

1 - 12 of 183
Updated regularly
Name Maximum Variable Rate p.a. Base interest rate Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
Bank of Queensland Smart Saver Account - 36+ years
BOQ logo
Maximum Variable Rate p.a.
5.15%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing
Government Guarantee
 Deposit $1,000
5 eligible purchases
Balances up to $250,000 		Go to siteView details
 Aged 36+? You can earn 5.15% p.a. on balances up to $250,000 when you meet the account conditions each month.
Ubank Save Account
Ubank logo
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
Ongoing
Government Guarantee
 Deposit $500
Savings up to $100,000 		Go to siteView details
 Use code EASY30 to score $30 after 5 card purchases in your first 30 days. See terms link on the app store.
BCU Boss Saver
BCU logo
Maximum Variable Rate p.a.
5.10%
Standard Variable Rate p.a.
0.55%
Intro/Ongoing
Ongoing
Government Guarantee
 Deposit $500
5 Access Account debit card purchases
Balance under $100,000 		Go to siteView details
 Earn an ongoing 5.1% p.a. when you deposit $500 per month and make 5+ card payments from your BCU Access Account each month. You can make withdrawals and still earn bonus interest.
Rabobank High Interest Savings Account
Rabobank logo
Maximum Variable Rate p.a.
5.60%
Standard Variable Rate p.a.
4.35%
Intro/Ongoing
4 months
Government Guarantee
 Balances up to $250,000 Go to siteView details
 Earn a high interest rate of 5.6% for the first 4 months and then 4.35% thereafter, with $0 account keeping fees and no monthly balance requirements.
ING Savings Accelerator ($150,000 - $500,000)
ING logo
Maximum Variable Rate p.a.
5.40%
Standard Variable Rate p.a.
4.70%
Intro/Ongoing
4 months
Government Guarantee
 Welcome rate applies up to $500K Go to siteView details
 Ideal for higher balances, savers can earn up to 5.4% for the first 4 months and up to 4.7% thereafter. There are no conditions and $0 account-keeping fees.
Westpac Life
Westpac logo
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
1.85%
Intro/Ongoing
Ongoing
Government Guarantee
 Make a deposit
Grow your balance
Keep the balance above $0 at all times
Go to siteView details
Suncorp Bank Growth Saver Account
Suncorp Bank logo
Maximum Variable Rate p.a.
5.05%
Standard Variable Rate p.a.
0.35%
Intro/Ongoing
Ongoing
Government Guarantee
 Grow balance by $200 each month (excl. interest)
Only 1 withdrawal
No balance limit on earning interest

Go to siteView details
 Get a solid interest rate on your entire balance, with minimal conditions in order to get the max rate. This account doesn’t offer card access but you can make 1 withdrawal per month & grow your net balance by $200 (excl. interest) to earn the max rate.
Macquarie Savings Account
Macquarie Bank logo
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
5.00%
Intro/Ongoing
4 months
Government Guarantee
 Balances up to $250,000 Go to siteView details
Westpac Bump Savings Account
Westpac logo
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
2.00%
Intro/Ongoing
Ongoing
Government Guarantee
 Make a deposit
Grow balance
Keep balance above $0 		Go to siteView details
Newcastle Permanent Smart Saver Account
Newcastle Permanent logo
Maximum Variable Rate p.a.
4.50%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing
Government Guarantee
 Grow balance
No more than 2 withdrawals 		Go to siteView details
ING Savings Maximiser
ING logo
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.55%
Intro/Ongoing
Ongoing
Government Guarantee
 Deposit $1,000
5 transactions
Grow your balance
Balances up to $100,000 		Go to siteView details
Westpac Life (18-29 year olds only)
Westpac logo
Maximum Variable Rate p.a.
5.20%
Standard Variable Rate p.a.
1.85%
Intro/Ongoing
Ongoing
Government Guarantee
 Make a deposit
Grow your balance
5 debit card purchases
Balances up to $30,000
Go to siteView details
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Showing 12 of 14 results
Sources
  1. Bank of Queensland Premier Investment Account information page
  2. Bank of Queensland Premier Investment Account TMD

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Alison Finder

Editorial Manager, Money

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Alison Banney

Editorial Manager, Money

Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full profile

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