Term deposits

Looking for a dependable yield from your income or hard earned savings? 

Then our fixed term deposit could be an option to consider. 

Apply now


Key features include:

  • Consistently competitive ongoing term deposit interest rates on new funds and rollovers
  • No establishment or account keeping fees
  • Flexibility to re-invest, add extra money or withdraw at the end of the term
  • 24/7 service with our Client Service Centre
  • Flexible terms ranging from 30 days to 5 years
  • Manage your own term deposit prior to maturity via online banking


Manage your term deposit via online banking

You can manage your term deposits with self-service options now available via online banking. This means more flexibility in the way you choose the terms of your savings with options available between 3 months and 1 year. Interest rate for the renewed term will be the rate available on the day of maturity. Login to online banking to see what options are available to you. 


Early withdrawals

You will need to give us 31 days’ notice to withdraw funds from your term deposit account before the maturity date.^


Latest interest rates

*rates subject to change


Term deposits Interest rate Interest paid

90 day term deposit 

4.60%  p.a. fixed Interest paid at maturity
120 day term deposit
4.80%  p.a. fixed Interest paid at maturity
180 day term deposit

5.05%  p.a. fixed

Interest paid at maturity
270 day term deposit

4.85% p.a. fixed

Interest paid at maturity
1 year term deposit

5.00% p.a. fixed

Interest paid at maturity
2 year term deposit

4.30% p.a. fixed

Interest paid annually
3 year term deposit

3.50% p.a. fixed

Interest paid annually
4 year term deposit

3.50% p.a. fixed

Interest paid annually
5 year term deposit

3.50% p.a. fixed

Interest paid annually

Want to know more?

  1300 160 160

Enquire now

Savings and term deposit interest rates

If you are deciding on opening a new savings or term deposit account, you need to know the current interest rates.

View interest rates

Government Deposit Guarantee

Bank with peace of mind. Under the Financial Claims Scheme (FCS), certain deposits are protected up to a limit of $250 000 for each account holder at any bank, building society, credit union or other authorised deposit-taking institution (ADI) .

Learn more


  • Important Information

      Any information is of a general nature only. We have not taken into account your objectives, financial situation, or needs when preparing it. Before acting on this information you should consider if it is appropriate for your situation. BOQ Specialist is not offering financial, tax or legal advice. You should obtain independent financial, tax and legal advice as appropriate.

      The issuer of these products and services is BOQ Specialist. Terms and conditions, fees and charges and lending and eligibility criteria apply. You should obtain and consider the product terms and conditions before making any decision about whether to acquire the products. We reserve the right to cease offering these products at any time without notice.

      For target market determinations please click here.

      ^ An interest adjustment will apply to a request to withdraw funds from your term deposit account before the maturity date. You can request an immediate withdrawal without providing the required notice due to hardship. Please contact our Client Service Centre on 1300 160 160 for assistance with hardship.