Bank of Queensland Premier Investment

2.60% p.a.1 year

yes

 

Bank of Queensland Premier Investment Review

Rates and fees information correct as at 5 December 2016.

Review published: 18 December 2012

What's hot:

  • 2.60% interest rate (7 months)

  • No ongoing fees

What's not:

  • Automatic rollover at maturity

Mozo snapshot:

The Bank of Queensland Premier Investment term deposit has one of the markets best interest rates for a 7 month fixed term at 2.60%. 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 the 3 year fixed term at 2.80%, followed by 2.70% for 2 years, and 2.65% for 4 years. Keep in mind these generous rates are only available for 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. There is a $30 early payout fee and an interest adjustment if you withdraw your funds early.

Who it's good for:

The Bank of Queensland Premier term deposit offers a good return for all investors who want to lock up their funds over $5,000 for a fixed term. 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 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.

Rates

  • 0.30% p.a. ($1,000 to $4,999)

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

  • 0.90% p.a. ($1,000 to $4,999)

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

  • 0.90% p.a. ($1,000 to $4,999)

    2.30% p.a. ($5,000 to $249,999)

  • 1.00% p.a. ($1,000 to $4,999)

    2.45% p.a. ($5,000 to $249,999)

  • 1.00% p.a. ($1,000 to $4,999)

    2.00% p.a. ($5,000 to $249,999)

  • 1.00% p.a. ($1,000 to $4,999)

    2.50% p.a. ($5,000 to $249,999)

  • 1.00% p.a. ($1,000 to $4,999)

    2.60% p.a. ($5,000 to $249,999)

  • 1.00% p.a. ($1,000 to $4,999)

    2.00% p.a. ($5,000 to $249,999)

  • 1.10% p.a. ($1,000 to $4,999)

    2.30% p.a. ($5,000 to $249,999)

  • 1.10% p.a. ($1,000 to $4,999)

    2.00% p.a. ($5,000 to $249,999)

  • 1.10% p.a. ($1,000 to $4,999)

    2.00% p.a. ($5,000 to $249,999)

  • 1.15% p.a. ($1,000 to $4,999)

    2.60% p.a. ($5,000 to $249,999)

  • 1.15% p.a. ($1,000 to $4,999)

    2.70% p.a. ($5,000 to $249,999)

  • 1.15% p.a. ($1,000 to $4,999)

    2.80% p.a. ($5,000 to $249,999)

  • 1.15% p.a. ($1,000 to $4,999)

    2.65% p.a. ($5,000 to $249,999)

  • 1.15% p.a. ($1,000 to $4,999)

    2.65% p.a. ($5,000 to $249,999)

  • yes

  • yes

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

  • none

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