Business Platinum account
| Up to $5,000 | 0.00Interest rate |
| Balances over $5,000 | 0.01Interest rate |
Effective date from Thursday 1 October 2020 |
| Fees | |
|---|---|
| Monthly fee | $4 |
Business Basic account
| Balances less than $5,000 | 0.00Interest rate |
| Balances more than $5,000 | 0.01Interest rate |
Effective date from Thursday 2 April 2020 |
| Fees | |
|---|---|
| Monthly fee | $2 |
Business Online Saver account
| $1 < $5,000 | 0.35Interest rate |
| $5,000 < $10,000 | 0.35Interest rate |
| $10,000 < $20,000 | 0.35Interest rate |
| $20,000 < $50,000 | 0.35Interest rate |
| $50,000 < $100,000 | 0.35Interest rate |
| $100,000 < $250,000 | 0.35Interest rate |
| $250,000 < $500,000 | 0.35Interest rate |
| $500,000+ | 0.35Interest rate |
$1 < $5,000 effective Friday 15 October 2021 $5,000 < $10,000 effective Friday 15 October 2021 $10,000 < $20,000 effective Friday 15 October 2021 $20,000 < $50,000 effective Friday 15 October 2021 $50,000 < $100,000 effective Friday 15 October 2021 $100,000 < $250,000 effective Friday 15 October 2021 $250,000 < $500,000 effective Friday 15 October 2021 Effective date from Friday 15 October 2021 |
Business Fixed Term Deposits (Interest paid at maturity)
| Special 9 month rate, $5,000 + | 0.40Interest rate |
| 3-5 month term, balances less than $5,000 | 0.30Interest rate |
| 6-11 month term, balances up to $5,000 | 0.30Interest rate |
| 12 month term, balances less than $5,000 | 0.30Interest rate |
| 3-5 month term, balances $5,000 < $1,000,000 | 0.30Interest rate |
| 6-11 month term, balances $5,000 < $1,000,000 | 0.30Interest rate |
| 12 month term, balances $5,000 < $1,000,000 | 0.30Interest rate |
| 2 year term, balances less than $5,000 | 0.75Interest rate |
| 2 year term, balances $5,000 < $1,000,000 | 0.75Interest rate |
| 3 year term, balances less than $5,000 | 0.95Interest rate |
| 3 year term, balances $5,000 < $1,000,000 | 0.95Interest rate |
All 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. Effective Monday 27 September 2021 |
| Fees | |
|---|---|
| Monthly fee | $0 |
| Early redemption fee | Calculated as follows: Principal x (Early Redemption Rate of 0.1%) x (days invested/365) |
Business Fixed Term Deposits (Interest paid monthly)
| 3-5 month term, balances less than $5,000 | 0.30Interest rate |
| 6-11 month term, balances less than $5,000 | 0.30Interest rate |
| 12 month term, balances less than $5,000 | 0.30Interest rate |
| 3-5 month term, balances $5,000 < $1,000,000 | 0.30Interest rate |
| 6-11 month term, balances $5,000 < $1,000,000 | 0.30Interest rate |
| 12 month term, balances $5,000 < $1,000,000 | 0.30Interest rate |
| 2 year term, balances less than $5,000 | 0.75Interest rate |
| 2 year term, balances $5,000 < $1,000,000 | 0.75Interest rate |
| 3 year term, balances less than $5,000 | 0.95Interest rate |
| 3 year term, balances $5,000 < $1,000,000 | 0.95Interest rate |
All 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. Effective Monday 27 September 2021 |
| Fees | |
|---|---|
| Monthly fee | $0 |
| Early redemption fee | Calculated as follows: Principal x (Early Redemption Rate of 0.1%) x (days invested/365) |
Business Fixed Term Deposits (Interest paid annually)
| Product | 2 year term | 3 year term |
|---|---|---|
| $1,000 < $5,000 | 0.75 Interest rate | 0.95 Interest rate |
| $5,000 < $20,000 | 0.75 Interest rate | 0.95 Interest rate |
| $20,000 < $50,000 | 0.75 Interest rate | 0.95 Interest rate |
| $50,000 < $1,000,000 | 0.75 Interest rate | 0.95 Interest rate |
All 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. Effective Monday 27 September 2021 |
| Fees | |
|---|---|
| Monthly fee | $0 |
| Early redemption fee | Calculated as follows: Principal x (Early Redemption Rate of 0.1%) x (days invested/365) |
Business loans
| Commercial loan | 9.30Interest rate |
| Commercial loan - residential security | 6.09^Interest rate |
Commercial overdrafts
| Commercial overdraft - secured | 9.95Interest rate |
| Commercial overdraft - residential security* | 6.74Interest rate |
| Commercial overdraft - unsecured | 14.95Interest rate |
Effective date from Thursday 2 April 2020 |
Business Visa credit card
| Business Visa credit card | 12.95Interest rate |
Effective date from Monday 6 April 2020 |
| Fees | |
|---|---|
| Annual fee | $90 |
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 brochure; Financial Services Guide, Business Interest Rate Schedule; and Account and Access Facility Conditions of Use.