Finty
QBANK

QBANK Term Deposit 6 Month

1 termFixed rate

A great way to grow your money safely and securely.

Written byDavid Boyd
Minimum deposit
$2,000
Maximum deposit
$1,000,000
Terms offered
1

Rate a year, up to

For 6 months

Open account

Rates by term

TermAmountInterest paidRate a year
6 months$2,000 to $100,000At maturity4.90%
6 months$2,000 to $100,000Monthly4.75%
6 months$100,000 to $250,000At maturity5.10%
6 months$100,000 to $250,000Monthly4.95%
6 months$250,000 to $9,999,999At maturity5.30%
6 months$250,000 to $9,999,999Monthly5.15%

How it compares

Against the other 6 months term deposits we compare. Typical means the middle half of them.

6 months rate

5.30%

A typical 6 months rate is 5.10%.

Minimum deposit

$2,000

A typical minimum is $2,000.

Pros and cons

Pros

  • A higher rate. 5.30% for 6 months, above the typical 5.10%, 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.