• 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
    • make deposits and withdrawals to your account during the 7 day renewal grace period, day 1 is the maturity date
    • use Internet Banking or EasyPhone Banking to check your balance
    • reinvest your interest payments or transfer your interest to another bank account
    • access your funds prior to maturity by simply providing 31 days prior notice to redeem your account early (an interest adjustment and early payout fee apply).

    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 BOQ 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 lodgment 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 BOQ 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

    You must provide 31 days’ notice for early withdrawal or termination before your fixed term Deposit Account matures. 

     

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

     

    Personal customers:  

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

     

    Business customers:  

    • Business Banking Guide to Fees and Charges
    • Business Transaction and Investment Account Terms and Conditions

     

    Term Deposit Financial Hardship Assistance

    If you are concerned or worried about your financial position and feel that you are struggling to meet your financial commitments and would like access to your term deposit funds before the account maturity date, then we might be able to help. For further information, please refer to Financial Hardship Assistance.