In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask an expert
Finder makes money from featured partners, but editorial opinions are our own.

Bank of Queensland Term Deposit

Bank of Queensland Term Deposit
Interest rate 12 months interest rate
Up to 5.1% p.a.
Minimum opening deposit
Account keeping fee
Maximum deposit


The BOQ term deposit rewards you by paying higher interest rates for a longer term commitment.

The Bank of Queensland Term Deposit offers a competitive interest fixed rate on a range of terms with a low, minimum investment amount of $5,000. Terms vary from 1 month to almost 5 years and there are no account-keeping or transaction fees.


  • Low minimum investment of $5,000
  • $0 Account keeping fees
  • Wide ranges of terms from from 1 month to almost 5 years


  • 31 days advance notice required in case of withdrawing funds before maturity

In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask an expert


Key details

Product Name Bank of Queensland Term Deposit
3 month interest rate 2.25%
4 month interest rate 4.40%
6 month interest rate 5.05%
7 month interest rate 1.50%
9 month interest rate 5.05%
12 month interest rate 5.10%
24 month interest rate 4.20%
36 month interest rate 3.30%
48 month interest rate 3.30%
Minimum Opening Deposit $5,000
Minimum age requirement 18
Government guarantee Yes


Minimum Age Requirement 18
Joint account availability Yes
Min Deposit $5,000
Available to children Not available for children

Key features

$0 Account maintenance fees

You will not be charged any account maintenance or transaction fees with this account.

Competitive interest rates

The interest rate is tiered for this account, with the highest balances and longest terms receiving the highest return on the investment.

Launch term deposit calculator

How to apply


Here are the requirements to apply online.

  • Minimum age. You must be at least 18 years old in order to open a term deposit with Bank of Queensland.
  • Residency requirement. This savings product is only available to Australian permanent residents and citizens.

Your reviews

No reviews yet. Write a review

Ask an expert

Ask a question

Staff Finder


Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.



April 28, 2023

i am the trustee of my smsf. is this fund eligible for this term deposit


Raj Lal Finder

May 01, 2023

Hi Danny,

This particular account is for a personal account. BOQ offers term deposits for SMSF however they require you to contact them to set it up.

Additionally we also have a list of providers who offer SMSF term deposits here



Show more Show less


October 24, 2022

Are these rates available for a SMSF?


Alison Banney Finder

November 11, 2022

Hi Ron,

These rates are for personal customers only. If you’d like to open an account as an SMSF or Trust, you’ll need to phone the bank directly or head into a branch.





June 16, 2022

for the 12-month term deposit account, can I do an SMSF account with this rate 2.5%? How do I apply for an SMSF account?


Alison Banney Finder

June 22, 2022

Hi Janette,

The BoQ Term Deposit is for personal use only and cannot be opened by an SMSF, trust, or business. BoQ requires SMSF customers to visit a branch to discuss options for opening a term deposit account.

Hope this helps,




April 12, 2022

Do I need to have a BOQ account to open a term deposit? On maturity, can funds be transferred to an alternate bank?


Alison Banney Finder

May 11, 2022

Hi Graham,

There’s no mention that you would need a BOQ account to open a term deposit account. Upon maturity, you can transfer the fund to your nominated bank account.

If you wish to confirm, please get in touch with BOQ.





May 16, 2017

Are term deposits of $250,000 per person at BOQ still government guaranteed as at May 2017.?



May 16, 2017

Hi Frank,

Thanks for your question.

Yes, BOQ term deposits are still covered by the Government Guarantee at the time of writing. You can verify BOQ’s deposit guarantee on their website or by calling them directly.



Go to site