Term Deposits

Invest excess cash from your business or personal income, and watch it grow with our competitive interest term deposit rates.{sub-heading}

Enquire now

Why open a term deposit?

Competitive term deposit rates

Get consistently competitive term deposit interest rates on new funds and rollovers.

Built-in account to manage your funds

A Private Access Account is automatically set up for you, making it easy to move and manage your Term Deposit funds.

Keep track of your investment

Use internet or mobile banking to keep tabs on your earnings.

Flexible terms

Choose the length of your term deposit, from 90 days to five years.

Flexibility to re-invest

At maturity, reinvest, withdraw or add to your funds for even more growth.

Personalised assistance

Our Client Service Centre is open 24/7. Specialist advice is only a call away.

Manage your term deposit via online banking{yellow-border}

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 90 days 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.
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Early withdrawals{yellow-border}

You will need to give us 31 days’ notice to withdraw funds from your term deposit account before the maturity date.
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Latest interest rates{yellow-border}

*Interest rates current as at 05-03-2026 and subject to change.

Term deposits
Interest rate
Interest paid
90 day term deposit
{boqs-term-deposit || boqstd3m || rate}%  p.a. fixed
Interest paid at maturity
120 day term deposit
{boqs-term-deposit || boqstd4m || rate}%  p.a. fixed
Interest paid at maturity
180 day term deposit
{boqs-term-deposit || boqstd6m || rate}%  p.a. fixed
Interest paid at maturity
270 day term deposit
{boqs-term-deposit || boqstd9m || rate}% p.a. fixed
Interest paid at maturity
1 year term deposit
{boqs-term-deposit || boqstd12m || rate}% p.a. fixed
Interest paid at maturity
2 year term deposit
{boqs-term-deposit || boqstd24m || rate}% p.a. fixed
Interest paid annually
3 year term deposit
{boqs-term-deposit || boqstd36m || rate}% p.a. fixed
Interest paid annually
4 year term deposit
{boqs-term-deposit || boqstd48m || rate}% p.a. fixed
Interest paid annually
5 year term deposit
{boqs-term-deposit || boqstd60m || rate}% p.a. fixed
Interest paid annually
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Frequently asked questions{yellow-border}

If you can’t find the answer to your question here, there’s more support available.{sub-heading}

Help and support

How do I access my funds?

You can access your term deposit funds at maturity, and you have a 7-day grace period after maturity to withdraw or reinvest without incurring an early withdrawal interest adjustment or providing 31 days’ notice. Early access before maturity requires 31 days' notice and will incur an early withdrawal interest adjustment. In cases of financial hardship you can request an immediate withdrawal of part or all of your deposit without providing the required notice period. You can manage your account online, via the mobile app, or through the Client Service Centre.

How does a high interest savings account benefit my business?

For businesses, a high yield savings account allows excess cash to earn more competitive interest than sitting in a low-rate transaction account.

What interest rate does the term deposit offer?

It depends on your chosen term and rates are subject to change.

View interest rates across all BOQ Specialist accounts.

Important documents{yellow-border}

BOQ Specialist Terms & Conditions

Link{sub-tag}
Important information for our clients.
/help-and-support/important-information/terms-and-conditions

Target Market Determination

PDF{sub-tag}
This document explains who a product is appropriate for and any conditions around how the product can be distributed to customers.
/content/dam/boq-specialist/files/products/tmds/63648-TMD-017-BOQS-PRIVATE-ACCESS-ACCOUNT.pdf
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Important Information{yellow-border}

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

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Explore our other bank accounts

Didn't find what you were looking for? Here are some more great options for specialist banking and saving accounts.

Private Access account

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Our savings account with a variable interest rate and instant online access.

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You can earn

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Variable interest rate

32 Day Notice Account

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Our competitive savings account. Funds available with 32 days' prior notice.

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You can earn

{boqs-deposits-at-call || boqs0 || rate}%^p.a. {rate-display}

Variable interest rate
^Notice: Effective 18/2/2026 the Interest Rate on the 32 Day Notice Account will be changing to 3.00% p.a.

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.

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Important information

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