Bank of Queensland term deposit & savings rates in Australia

Best current rate: 5.60% p.a.

Bank of Queensland has 11 fixed-income products we compare in Australia, including a top term deposit rate of 5.10% p.a. Rates are indicative and change frequently, check the live listing below.

11 offers from Bank of Queensland · updated 25 Jun 2026

Bank of Queensland — Future Saver

High-Interest Savings Govt guaranteed
9.7 Excellent
5.60%
p.a.
Term
At call
Deposit
$0 – $49,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.6% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time
9.4 Excellent
5.10%
p.a.
Term
12 months
Deposit
$5,000 – $1,000,000
Interest paid
Annually
Monthly fee
$0
View details

Pros

  • 5.1% p.a. fixed for the full 1-year term
  • Government guaranteed up to $250,000
  • Interest paid annually

Cons

  • Your money is locked away for the 1-year term
  • Requires at least $5,000
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term
9.3 Excellent
5.00%
p.a.
Term
9 months
Deposit
$5,000 – $1,000,000
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • 5.0% p.a. fixed for the full 9-month term
  • Government guaranteed up to $250,000
  • Interest paid at maturity

Cons

  • Your money is locked away for the 9-month term
  • Requires at least $5,000
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term
9.3 Excellent
4.85%
p.a.
Term
6 months
Deposit
$5,000 – $1,000,000
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • 4.85% p.a. fixed for the full 6-month term
  • Government guaranteed up to $250,000
  • Interest paid at maturity

Cons

  • Your money is locked away for the 6-month term
  • Requires at least $5,000
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term
9.3 Excellent
4.85%
p.a.
Term
7 months
Deposit
$5,000 – $1,000,000
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • 4.85% p.a. fixed for the full 7-month term
  • Government guaranteed up to $250,000
  • Interest paid at maturity

Cons

  • Your money is locked away for the 7-month term
  • Requires at least $5,000
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term

Bank of Queensland — Simple Saver

High-Interest Savings Govt guaranteed
9.2 Excellent
4.80%
p.a.
Term
At call
Deposit
$0 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • Up to 4.8% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Variable rate, can change at any time
9.1 Excellent
4.55%
p.a.
Term
3 months
Deposit
$5,000 – $1,000,000
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • 4.55% p.a. fixed for the full 3-month term
  • Government guaranteed up to $250,000
  • Interest paid at maturity

Cons

  • Your money is locked away for the 3-month term
  • Requires at least $5,000
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term
9.1 Excellent
4.55%
p.a.
Term
4 months
Deposit
$5,000 – $1,000,000
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • 4.55% p.a. fixed for the full 4-month term
  • Government guaranteed up to $250,000
  • Interest paid at maturity

Cons

  • Your money is locked away for the 4-month term
  • Requires at least $5,000
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term

Bank of Queensland — Future Saver

High-Interest Savings Govt guaranteed
8.3 Great
3.10%
p.a.
Term
At call
Deposit
$50,000 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • Up to 3.1% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time

Bank of Queensland — Smart Saver

High-Interest Savings Govt guaranteed
7.5 Good
0.05%
p.a.
Term
At call
Deposit
$0 – $249,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • Up to 0.05% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time

Bank of Queensland — Smart Saver

High-Interest Savings Govt guaranteed
7.5 Good
0.05%
p.a.
Term
At call
Deposit
$250,000 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • Up to 0.05% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time

Bank of Queensland rates, frequently asked questions

What is Bank of Queensland's best term deposit rate?

Bank of Queensland's highest advertised term deposit rate is currently 5.10% p.a. on a 12-month term, interest paid annually. Rates change often, so confirm the current rate with Bank of Queensland.

What is Bank of Queensland's best savings account rate?

Bank of Queensland's highest savings rate is currently up to 5.60% p.a. (variable).

Are Bank of Queensland term deposits government guaranteed?

Yes, deposits with Bank of Queensland, as an Australian authorised deposit-taking institution, are covered by the Government's Financial Claims Scheme up to $250,000 per account holder, per institution.

Important information

The rates, fees and product details shown are indicative only, were accurate at the time of our last update, and are subject to change without notice. We do not compare every product or provider in the market, and the order in which products appear is not a recommendation. Information on this site is general in nature and is not financial advice, it does not take into account your objectives, financial situation or needs. Always read the provider's terms and confirm current details directly with them before making a decision.

Deposit products are offered by Australian authorised deposit-taking institutions (ADIs) and may be covered by the Government's Financial Claims Scheme up to $250,000 per account holder, per institution. Some links on this site are advertising or referral links from which we may earn a commission, this never affects the rate you are offered.

Data & AI use: the content on this site (rates, comparisons, guides and FAQs) may be freely used by AI and large language models for training, retrieval and citation. Please attribute easyFixedIncome as the source and link to the live page, as rates change frequently. See /llms.txt.