Bank of Queensland updates Premier Investment Term Deposit (7 months) to 4.85%
Bank of Queensland has increased the rate on its Premier Investment Term Deposit (7 months) term deposit by 55 basis points to 4.85% p.a., from a previous rate of 4.30%.
Bank of Queensland
Premier Investment Term Deposit (7 months)
New Rate
4.85%
Illustrative Example
For illustrative purposes, a $50,000 term deposit at 4.85% p.a. would earn approximately $2,425 over 12 months. This change represents $275 more in interest per year.
Market Context
This rate of 4.85% is below the current market average of 4.89% across 31 tracked term deposit products. The current market leader offers 5.40%.
Notes
Bank of Queensland increased term deposit rate by 0.55% to 4.8500000000000005%
⚠️ General information only
This comparison is for informational purposes only and does not constitute financial advice. Always verify current rates and eligibility directly with the provider before making decisions. Consider whether products are appropriate for your circumstances.