The interest rates displayed are for amounts from $5,000 up to $2,000,000 and are based on the term duration and interest payment frequency selected. The actual duration of our terms are in calendar months, and the interest earned depends on the number of days the term deposit is open for. The calculator assumes that a year has 12 months of exactly equal lengths. Given some months are longer than others, actual interest earned will vary depending upon the month. The Term Deposit Calculator calculates the approximate total interest earned in a term deposit based on the investment amount, term duration and interest rate (per annum) selected. Money magazine, Money Minder of the Year is awarded to the provider most likely to have an account that delivers value for money across personal savings, online and cash management accounts and term deposits. We will credit interest at the selected interest payment frequency and at the maturity of the term.ĭeposits are protected by the Australian Government’s Financial Claims Scheme, up to $250,000 per person per authorised deposit-taking institution. You will get the interest rate that applies to your term deposit on the day your account is opened. Rates are for deposits of $5,000 and greater. This is general information only and you should consider if this product is right for you.

We offer terms between one month and 60 months. 0 and subject to change. The above rates are based on interest paid at maturity for terms up to 12 months and interest paid annually and at maturity for terms greater than 12 months.

Bank of queensland term deposit rates