bank of queensland interest rates term deposits

on carded rates for terms 3 months or greater. Eligible Lifestyle Plus customers will receive an additional 0.10%p.a. Interest on our term deposit rates is calculated on the daily closing balance of your account and paid monthly or end of term. When your term ends, you have a ‘Grace Period’ of seven calendar days to manage your term deposit, otherwise we will reinvest your balance for you for the same term, at the applicable advertised interest rate at the time. It’s also important to note that this can affect the interest we pay you, with an early redemption interest rate of 0.10%p.a. If you choose to withdraw from your term deposit before the end of its term, you’ll need to give us 31 days’ notice and pay a $30 administration fee for the early redemption. For terms 6 months or greater you may select to have interest paid monthly into a separate savings or transaction account. Term Deposit interest will be paid annually for terms greater than 12 months. For new 12-month term deposits, you will earn an interest rate of 5.00%pa. Eligibility criteria, fees and charges, terms and conditions apply. Deposits up to $250,000 per account holder are guaranteed by the Federal Government under the Financial Claims Scheme. To help you better asses if these products are right for you please reach out to our team or read through our Target Market Determinations (TMD), designed to help you make an informed decision that is consistent with your objectives, financial situations and needs.

To decide if a product is right for you, please refer to the Summary of Accounts, Access Facilities and Transaction Limits. Any advice given is of a general nature only and is not based on any consideration of your objectives, financial situation and needs.

Products issued by Southern Cross Credit Union Ltd.

Bank of queensland interest rates term deposits