Bank of Queensland Term Deposit

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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.

Up to 1.25% p.a.

Interest rate

6 months interest rate

$5,000

Minimum opening deposit

$0

Account keeping fee

Details

Product NameBank of Queensland Term Deposit
3 month interest rate1.20%
4 month interest rate0.95%
6 month interest rate1.25%
7 month interest rate1.00%
9 month interest rate1.00%
12 month interest rate1.20%
24 month interest rate1.20%
36 month interest rate1.20%
48 month interest rate1.20%
Minimum Opening Deposit$5,000
Minimum Age Requirement18
The rates displayed above are interest rates paid at maturity only. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.

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

Eligibility

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.

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8 Comments

  1. Default Gravatar
    frank
    May 16, 2017

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

    • Default Gravatar
      Liezl
      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.

      Cheers,
      Liezl

  2. Avatarfinder Customer Care
    Dee
    January 11, 2017

    Hi Henry,

    Thanks for your question.

    For the Bank of Queensland Term Deposit, a 3-month interest rate will be 0.90%.

    If you want to compare other term deposit accounts, you can compare the rates here.

    Cheers,
    Anndy

  3. Default Gravatar
    Henry
    January 10, 2017

    What are the term deposit rates for 3months 1000 to 20000

  4. Default Gravatar
    kj.cecil@hotmail.com
    May 6, 2016

    Is the term [ money ] deposit guaranteed ?

    • Avatarfinder Customer Care
      Shirley
      May 6, 2016

      Hi KJ,

      Thanks for your question.

      Yes the interest rate is fixed for the term. Hope this helps.

  5. Default Gravatar
    Pat
    March 6, 2016

    looking at opening a pension acc are you taxed on the interest earned .
    and can you recommend which bank would be best to consider with best interest rate thanks

    • Avatarfinder Customer Care
      Shirley
      March 7, 2016

      Hi Pat,

      Thanks for your question.

      All interest earned on investments are taxed by the Australia government, it’s recommended that you provide your TFN during application so you’re not taxed at the highest rate.

      You can find the best interest rate for your situation on this page.

      Hope this helps.

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