Bank of Queensland Premier Investment

1.90% p.a.6 months

yes

Bank of Queensland Premier Investment

1.90% p.a.6 months

yes

Mozo Review   Bank of Queensland Premier Investment Review

Last updated: 7 August 2019.

What's hot:
  • No ongoing fees

  • Interest can be paid to an account with a different bank

What's not:
  • Automatic rollover at maturity

Mozo snapshot:

The Bank of Queensland Premier Investment term deposit has rates on offer for terms from 1 month through to 5 years. It has no account maintenance or transaction fees so you can lock your money away knowing that all the interest you earn is yours to keep (or reinvest) and it is not being eaten away fees.

Key features:

The Bank of Queensland Premier Investment account comes with a wide range of terms to choose from starting from 28 days and up to 5 years. You can invest in a Bank of Queensland Premier term deposit from as little as $1,000 but the best rates are for investments of $5,000 and over. 

BOQ's top term deposit rate is 1.90% on terms of 3 months. Keep in mind these rates are only available for deposit amounts from $5,000 to $250,000.

Interest is calculated daily and paid at the end of your investment term or annually if you have a term longer than 12 months. You can also choose to have it paid either into your Bank of Queensland account, or into an account with another bank.

There is a $30 early payout fee and an interest adjustment if you withdraw your funds early, plus you'll need to give 31 days notice.

Who it's good for:

The Bank of Queensland Premier term deposit is best for savers with at least $5,000 to lock away, otherwise, the interest rates are not too hot. If you're a BOQ Home Loan Privileges Package customer or a Bank of Queensland share holder you'll receive a 0.25% bonus interest rate in addition to the standard term deposit rates.

Any catches?

The Premier Investment term deposit has an automatic rollover, which means that you really need to make sure you keep a close watch on that rollover date otherwise you could find you've been locked into a new fixed term with a less competitive rate than what's on offer out in the market.

Details

Rates and fees information correct as at 23 August 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 0.30% p.a. ($1,000 to $4,999)

    0.95% p.a. ($5,000 to $249,999)

  • 0.90% p.a. ($1,000 to $4,999)

    1.70% p.a. ($5,000 to $249,999)

  • 0.90% p.a. ($1,000 to $4,999)

    1.90% p.a. ($5,000 to $249,999)

  • 1.00% p.a. ($1,000 to $4,999)

    1.50% p.a. ($5,000 to $249,999)

  • 1.00% p.a. ($1,000 to $4,999)

    1.65% p.a. ($5,000 to $249,999)

  • 1.00% p.a. ($1,000 to $4,999)

    1.90% p.a. ($5,000 to $249,999)

  • 1.00% p.a. ($1,000 to $4,999)

    1.65% p.a. ($5,000 to $249,999)

  • 1.00% p.a. ($1,000 to $4,999)

    1.65% p.a. ($5,000 to $249,999)

  • 1.10% p.a. ($1,000 to $4,999)

    1.65% p.a. ($5,000 to $249,999)

  • 1.10% p.a. ($1,000 to $4,999)

    1.65% p.a. ($5,000 to $249,999)

  • 1.10% p.a. ($1,000 to $4,999)

    1.50% p.a. ($5,000 to $249,999)

  • 1.15% p.a. ($1,000 to $4,999)

    1.75% p.a. ($5,000 to $249,999)

  • 1.15% p.a. ($1,000 to $4,999)

    1.65% p.a. ($5,000 to $249,999)

  • 1.15% p.a. ($1,000 to $4,999)

    1.65% p.a. ($5,000 to $249,999)

  • 1.15% p.a. ($1,000 to $4,999)

    1.80% p.a. ($5,000 to $249,999)

Other financial bits
  • $1,000.00

  • $249,999.00

Features
  • direct credit

  • yes

  • yes

  • 31 days notice required if customers want to withdraw their funds before the maturity date.

  • none

*Different interest rates apply to different amounts or different interest payment frequencies.

Customer Reviews

This product is not currently reviewed.

Bank of Queensland

About Bank of Queensland

See Bank of Queensland business term deposits

Promoted

UBank

UBank

Term Deposit

1.95% p.a.

$1,000.00

Promoted

ANZ

ANZ

Advance Notice Term Deposit

1.70% p.a.

$5,000.00

Promoted

UBank

UBank

Green Term Deposit

$1,000.00

Promoted

Citi

Citi

Term Deposit

$250,000.00

Promoted

ANZ

ANZ

Term Deposit

1.05% p.a.

$5,000.00