At a glance

2.70 %P.A.
12 month fixed term deposit from $5,000 to less than $250,000*
$ 0
Account keeping and transaction fees
$ 1,000
Minimum investment amount
EARN
Higher interest on balances more than $5,000

Why choose our Term Deposit?

Make the most of your savings with our high interest term deposit account, rewarding you with higher interest if you deposit more than $5,000.

Competitive interest rates

Earn higher interest if you deposit $5,000 or more    

Flexible terms

Choose the length of your term, from just one month    

Flexible interest payments

Choose how and when you receive interest payments – reinvest or transfer to another bank account    

Keep track of your investment

Use internet or mobile banking to check your balance    

Low investment amount

$1,000 minimum investment  amount

Added BOQ Term Deposit benefits

  • 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, which commences on the day your Term Deposit matures.
  • Arrange to reinvest your interest payments or transfer your interest to another account.
  • Access your funds prior to maturity by providing 31 days prior notice to redeem your account early (an interest adjustment and early payout fee apply).

Term Deposit interest rates

Interest is calculated on the daily closing balance of your account and paid monthly or end of term. For terms greater than 12 months, we’ll pay your interest annually and at the end of the term.

Interest rates

 

Term in months Term in Days $1,000 to $4,999 % p.a. $5,000 to $249,999 % p.a.

Less than 1

1 - 27

0.20 0.60

1 less than 2

28 - 58

0.30 1.55

2 less than 3

59 - 88

0.90 1.70

3 less than 4 

89 - 119

0.90 2.00*

4 less than 5

120 - 149

1.00 1.90

5 less than 6

150 - 180

1.00 2.40*

6 less than 7

181 - 211

1.00 2.35*

7 less than 8

212 - 241

1.00 2.55*

8 less than 9

242 - 272

1.00 2.40*

9 less than 10

273 - 302

1.10 2.40*

10 less than 11

303 - 333

1.10 2.40*

11 less than 12 

334 - 364 

1.10 1.90

12 less than 24

365 - 729

1.15 2.70*

24 less than 36

730 - 1094

1.15 2.60*

36 less than 48

1095 - 1459

1.15 2.65*

48 less than 60

1460 - 1826

1.15 2.65*
  • For pricing of term deposits of $250,000 or greater give us a call on 1300 55 72 72 or visit your local BOQ branch, we’ll be happy to help. 
  • For monthly interest payments, the applicable interest rate will be the rate listed above less 0.25% p.a.
  • Interest rates are effective 17/08/2018. 
Important info

Important information

  • Further bonus offers, specials or package term deposit rates do not apply to rates denoted with “*”. 
  • Special term deposit rates are indicated above in bold.
  • You must provide 31 days’ notice for early withdrawal or termination before your fixed Term Deposit Account matures.
  • Rates quoted for term deposit 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 deposit of less than 1 month is available only on reinvestment of funds.
  • 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 “*”).
  • All term deposit rates quoted are per annum. Minimum investment amount and account balance is $1,000. Interest is calculated daily and paid at the end of the investment term, or in the case of investments longer than 12 months, paid annually.
  • 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 “*”)

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.

Fees

At BOQ, we keep our fees to a minimum. Any fees we do have we’ll show you up front so there are no surprises.

Features Applicable Fees

Minimum Monthly Balance

$1,000

Branch Withdrawal

Free

BOQ Balance Enquiry

Free

Early payout fee

$30.00

Deposits and withdrawals only available during renewal grace period. Other fees and charges (including government charges) may be payable.

An interest adjustment is also applicable for early redemption.

A full list of fees can be found in the applicable Fees and Charges Guide below.

Ready to apply for a Term Deposit?

Applying for a high interest term deposit is simple. You can apply online, in branch or give us a call.

Step 1.

Decide on the amount you are looking to invest and your maturity instructions, including details of the account you want the funds paying into at maturity. 

Apply online now

Important information

For important information on the Term Deposits, view the Terms and Conditions.

See our other savings accounts

Earn bonus interest on our interest earning savings account

Bonus Interest Savings Account

Whether you're saving for a new purchase, a house deposit, a new baby or something else, our Bonus Interest Savings Account will help you reach your savings goal faster. Terms and conditions apply, view Bonus Interest Savings Account for details.

  • Make one withdrawal a month and still earn bonus interest
  • No minimum balance to start earning interest
  • No monthly account maintenance fees

A high interest savings account with easy online access

WebSavings Account

Make the most of your savings with high interest on your BOQ WebSavings Account with the flexibility of accessing your money anytime. Terms and conditions apply.

  • Earn bonus interest
  • No account maintenance fee
  • Unlimited transfers