Business Cheque account

Up to $5,000 0.00Interest rate
Balances over $5,000 0.01Interest rate
Rates effective Sunday 10 June 2018
Fees
Monthly fee $8

Business Basic account

Balances less than $5,000 0.00Interest rate
Balances more than $5,000 0.01Interest rate
Rates effective Monday 11 February 2019

Business Plus account

$1 < $5,000 0.00Interest rate
$5,000 < $10,000 0.00Interest rate
$10,000 < $20,000 0.15Interest rate
$20,000 < $50,000 0.15Interest rate
$50,000 < $100,000 0.15Interest rate
$100,000 < $250,000 0.90Interest rate
$250,000 < $500,000 0.90Interest rate
$500,000+ 1.15Interest rate
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. Monday 19 August 2019

Business Online Saver account

$1 < $5,000 1.00Interest rate
$5,000 < $10,000 1.00Interest rate
$10,000 < $20,000 1.00Interest rate
$20,000 < $50,000 1.00Interest rate
$50,000 < $100,000 1.00Interest rate
$100,000 < $250,000 1.00Interest rate
$250,000 < $500,000 1.00Interest rate
$500,000+ 1.00Interest rate
Rates effective from Monday 22 July 2019

Business loans

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

Business Visa credit card

Business Visa credit card 13.20Interest rate
Fees
Annual fee $90

Commercial overdrafts

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

Fixed term deposits (interest at maturity)

Special 4 month rate, $5,000 + 1.70Interest rate
3-5 month term, balances less than $5,000 0.55Interest rate
6-11 month term, balances up to $5,000 0.55Interest rate
12 month term, balances less than $5,000 0.55Interest rate
3-5 month term, balances $5,000 < $1,000,000 1.55Interest rate
6-11 month term, balances $5,000 < $1,000,000 1.55Interest rate
12 month term, balances $5,000 < $1,000,000 1.55Interest rate
Special 4 month rate, $5,000 + effective Thursday 26 September 2019
Rates effective from Thursday 26 September 2019
3-5 month term, balances $5,000 < $1,000,000 effective Saturday 9 November 2019
6-11 month term, balances $5,000 < $1,000,000 effective Saturday 9 November 2019
12 month term, balances $5,000 < $1,000,000 effective Saturday 9 November 2019
Fees
Monthly fee $0
Early redemption fee Fee applies

Fixed term deposits (interest paid monthly)

3-5 month term, balances less than $5,000 0.50Interest rate
6-11 month term, balances less than $5,000 0.45Interest rate
12 month term, balances less than $5,000 0.35Interest rate
3-5 month term, balances $5,000 < $1,000,000 1.50Interest rate
6-11 month term, balances $5,000 < $1,000,000 1.45Interest rate
12 month term, balances $5,000 < $1,000,000 1.35Interest rate
3-5 month term, balances less than $5,000 effective Thursday 26 September 2019
3-5 month term, balances $5,000 < $1,000,000 effective Saturday 9 November 2019
6-11 month term, balances $5,000 < $1,000,000 effective Saturday 9 November 2019
12 month term, balances $5,000 < $1,000,000 effective Saturday 9 November 2019
Fees
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.