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Term Deposit

  • 1 month
  • Automatic maturity rollover
  • Joint application available
  • Interest payment to other institution

Interest rate

0.05%

Maximum rate

4.90%

for 6 months

Term Deposit

  • 1 month
  • Automatic maturity rollover
  • Joint application available
  • Interest payment to other institution

Interest rate

0.05%

Maximum rate

4.90%

for 6 months

RateCity says

"Make progress towards your savings goals by locking in a high term deposit interest rate."

Pros and Cons

For Term Deposit

Benefits

  • Interest can be paid to other institution
  • Automatic maturity rollover

Drawbacks

  • Early withdrawal available with $30 fees
  • 31 days notice to withdraw funds before maturity and interest rate adjustment will apply to interest earned on funds

BOQ Rate Term Deposit overview

For Term Deposit

Features

Min deposit

$5,000

Automatic maturity rollover

Maturity alert by phone

Maturity alert by email

Joint application available

Minimum Age Requirement

18

Notice period to withdraw

31

Is covered by government guarantee

Target Market Determination

Visit Bank of Queensland to view Target Market Determination.

Interest

Interest Calculation Frequency

Daily

Interest Payment Frequency Options

At Maturity, Annually

Interest payment via other institution

Interest payment method

Direct Credit, Rollover on maturity

Fees

Account keeping fee

$0

Early withdrawal fee

$30

Rates

TermRates on deposit of ($1,000 - $4,999)Rates on deposit of ($5,000 - $2,000,000)
1 month0.05%0.75%
2 months0.08%0.80%
3 months0.10%2.25%
4 months0.10%4.60%
5 months0.10%1.25%
6 months0.10%4.90%
7 months0.10%1.50%
8 months0.10%1.50%
9 months0.15%4.90%
10 months0.15%1.75%
11 months0.15%1.75%
1 year0.15%4.80%
2 years0.15%4.20%
3 years0.15%3.30%
4 years0.15%3.30%

How to apply

If you'd like to apply for this term deposit or just get more information, follow the application process to speak to an BOQ mortgage specialist.