QBANK Term Deposit 12 Month
1 termFixed rate
A great way to grow your money safely and securely.
- Minimum deposit
- $2,000
- Maximum deposit
- $1,000,000
- Terms offered
- 1
Rate a year, up to
For 1 year
Rates by term
| Term | Amount | Interest paid | Rate a year |
|---|---|---|---|
| 1 year | $2,000 to $100,000 | At maturity | 5.05% |
| 1 year | $2,000 to $100,000 | Monthly | 4.90% |
| 1 year | $100,000 to $250,000 | At maturity | 5.25% |
| 1 year | $100,000 to $250,000 | Monthly | 5.10% |
| 1 year | $250,000 to $9,999,999 | At maturity | 5.45% |
| 1 year | $250,000 to $9,999,999 | Monthly | 5.30% |
How it compares
Against the other 1 year term deposits we compare. Typical means the middle half of them.
1 year rate
5.45%
A typical 1 year rate is 5.25%.
Minimum deposit
$2,000
A typical minimum is $2,000.
Pros and cons
Pros
- A higher rate. 5.45% for 1 year, above the typical 5.25%, so your money earns more over the term.
- Monthly interest. You can have interest paid each month, which suits living off the interest.
Cons
- Your money is locked in. Taking it out early usually needs 31 days' notice and earns less interest.
Similar term deposits
Term deposits from other banks that pay a similar rate for the same term.
- Rate a year
- 5.45%
- Minimum deposit
- $5,000
- Rate a year
- 5.40%
- Minimum deposit
- $5,000
- Rate a year
- 5.40%
- Minimum deposit
- $1,000
