• BOQ Term Deposits - Premier Investment Account


    The Premier Investment Account is our term deposit account, rewarding you by paying higher interest rates for the greater commitment of your funds.


    Apply online

    Apply online now

    By phone

    1300 55 72 72 



    Features and benefits

    • an investment bank account that pays competitive interest rates
    • start with a minimum investment amount of just $1,000
    • no account maintenance or transaction fees
    • wide choice of terms, starting from 28 days up to five years
    • choose how and when you receive your interest payments
    • easy reinvestment, with automatic rollover at maturity for your choice of term
    • use Internet Banking or EasyPhone Banking to check your balance
    • reinvest your interest payments
    • arrange direct payment from your term deposit account to another bank account

    Interest rates

    Interest is calculated on the daily closing balance of your account and paid monthly or end of term back into your BOQ term deposit account, or into another account in line with your payment instructions.  If you choose a term greater than 12 months, we will pay you interest annually and at the end of the term. Rates are updated regularly to ensure healthy returns on your investment.


    Today's rates 


    The current interest rates for BOQ term deposits are available on the Today's rates page# 

    • #Rates quoted for term of less than 1 month apply to both end of term and monthly interest payment options. All other rates quoted apply only if end of term interest payment is chosen. For monthly interest payments, the applicable interest rate will be the rate quoted above less 0.25% p.a.  
    • Term of less than 1 month is available only on reinvestment of funds.
    • Further bonus offers, specials or package rates do not apply to rates denoted with “*”.
    • Minimum investment amount and account balance is $1,000
    • Home Loan Privileges Package customers who invest between $25,000 and $250,000 can receive bonus interest of 0.25% p.a. in addition to the rates quoted above (excludes rates denoted with “*”).
    • Eligible Bank of Queensland shareholders who invest between $25,000 and $250,000 can receive 0.25% p.a. bonus interest in addition to the rates quoted above (excludes rates denoted with “*”).

    Easy reinvestment

    The amount in your BOQ term deposit investment account will automatically rollover at the end of the investment term (unless you’ve given us other instructions). You can choose the new lodgement term in advance. If you prefer, we’ll notify you before your investment matures so you can make your choice based on current interest rates.

    How to apply

    Existing Bank of Queensland Internet Banking users can request a new Premier Investment Account (BOQ term deposit) from within Internet Banking. Alternatively, you can apply online for a Premier Investment Account, visit your nearest branch or call one of our customer consultants on 1300 55 72 72.


    Apply online now Book a chat 


    Important information

    From 1 January 2015, we will be making changes to the Terms and Conditions of your Premier Investment Account.  The most important changes for you are: 

    • your renewal grace period will be amended from 5 calendar days to 7 calendar days;
    • you must provide 31 days’ notice for early withdrawal or termination before your fixed term Deposit Account matures; and
    • your existing Fixed Term Deposit Account will automatically convert to a 31 days’ notice period account.


    Please view the terms and conditions listed below on the Terms and Conditions page:


    • Personal Banking Guide to Fees and Charges
    • Deposit Products Terms and Conditions