QBANK Term Deposit 3 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 3 months
Rates by term
| Term | Amount | Interest paid | Rate a year |
|---|---|---|---|
| 3 months | $2,000 to $100,000 | At maturity | 4.60% |
| 3 months | $2,000 to $100,000 | Monthly | 4.45% |
| 3 months | $100,000 to $250,000 | At maturity | 4.80% |
| 3 months | $100,000 to $250,000 | Monthly | 4.65% |
| 3 months | $250,000 to $9,999,999 | At maturity | 5.00% |
| 3 months | $250,000 to $9,999,999 | Monthly | 4.85% |
How it compares
Against the other 3 months term deposits we compare. Typical means the middle half of them.
3 months rate
5.00%
A typical 3 months rate is 4.30%.
Minimum deposit
$2,000
A typical minimum is $2,000.
Pros and cons
Pros
- A higher rate. 5.00% for 3 months, above the typical 4.30%, 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
- 5.00%
- Minimum deposit
- Not published
- Rate a year
- 5.00%
- Minimum deposit
- $1,000
- Rate a year
- 5.00%
- Minimum deposit
- $1,000
