Business Cheque account

Product Interest rate
Up to $5,000 0.00
Balances over $5,000 0.01
Rates effective Wednesday 1 June 2016
Fee Amount
Monthly fee $8

Business Basic account

Product Interest rate
Balances less than $5,000 0.00
Balances more than $5,000 0.01
Rates effective Saturday 1 October 2016

Business Plus account

Product Interest rate
$1 < $5,000 0.10
$5,000 < $10,000 0.10
$10,000 < $20,000 0.40
$20,000 < $50,000 0.65
$50,000 < $100,000 0.65
$100,000 < $250,000 1.40
$250,000 < $500,000 1.40
$500,000+ 1.65
Interest Rates for the Business Plus accounts are calculated on a stepped basis with a different interest rate paid for parts of your account balance that fall within set dollar ranges (‘steps’). All other interest rates quoted are per annum and are calculated on a tiered basis with interest paid on the entire balance at the applicable tiered interest rate. Saturday 1 July 2017

Business Online Saver account

Product Interest rate
$1 < $5,000 1.70
$5,000 < $10,000 1.70
$10,000 < $20,000 1.70
$20,000 < $50,000 1.70
$50,000 < $100,000 1.70
$100,000 < $250,000 1.70
$250,000 < $500,000 1.70
$500,000+ 1.70
Rates effective from Saturday 1 July 2017

Business loans

Product Interest rate
Commercial loan 9.95
Commercial loan - residential security^^^^ 6.74

Business Visa credit card

Product Interest rate
Business Visa credit card 13.20
Fee Amount
Annual fee $90

Commercial overdrafts

Product Interest rate
Commercial overdraft - secured 9.95
Commercial overdraft - residential security* 6.74
Commercial overdraft - unsecured 14.95

Fixed term deposits (interest at maturity)

Product Interest rate
10 Month Special Rate, $5000+ 2.65
3-5 month term, balances less than $5,000 1.00
6-11 month term, balances up to $5,000 1.00
12 month term, balances less than $5,000 1.40
3-5 month term, balances $5,000 < $1,000,000 2.10
6-11 month term, balances $5,000 < $1,000,000 2.10
12 month term, balances $5,000 < $1,000,000 2.50
Rates effective from Wednesday 13 December 2017
Fee Amount
Monthly fee $0
Early redemption fee Fee applies

Fixed term deposits (interest paid monthly)

Product Interest rate
3-5 month term, balances less than $5,000 0.95
6-11 month term, balances less than $5,000 0.90
12 month term, balances less than $5,000 1.20
3-5 month term, balances $5,000 < $1,000,000 2.05
6-11 month term, balances $5,000 < $1,000,000 2.00
12 month term, balances $5,000 < $1,000,000 2.30
3-5 month term, balances less than $5,000 effective Thursday 13 December 2018
Fee Amount
Monthly fee $0
Early redemption fee Fee applies

The fine print

*This Interest Rate is applicable when residential mortgage security is taken. Terms and conditions apply and are available on request.

Tax File Number

Interest earned on all savings accounts must be declared for income tax purposes. If you do not provide us with your Tax File Number or Tax File Number Exemption or Australian Business Number (ABN), we must deduct tax at the highest personal income tax rate plus the Medicare Levy from your interest earned. You are not obliged to provide your Tax File Number or Tax File Number Exemption or ABN.

Business Definition

A business is defined as a body corporate or person involved in a commercial activity including a company, partnership or sole trader with an ABN, incorporated association or co-operative.

Important Information

If you wish to have both business and personal accounts with Queensland Country, these will need to be opened and operated separately. Members seeking the waiver of the Monthly Account Service Fee due to not-for-profit or charitable status will be required to provide relevant documentation.

Please be aware that interest rates may change at any time without agreement. All interest rates quoted are per annum. Fees and charges are payable. Normal lending criteria, terms and conditions apply and are available on request. Before acquiring this product, the information above should be read in conjunction with the following documents to determine if this product is right for you: Fees and Charges brochureFinancial Services GuideBusiness Interest Rate Schedule; and Account and Access Facility Conditions of Use.