Business Cheque account

Up to $5,000 0.00Interest rate
Balances over $5,000 0.01Interest rate
Effective date from Thursday 2 April 2020
Fees
Monthly fee $8

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

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 0.50Interest rate
$250,000 < $500,000 0.50Interest rate
$500,000+ 0.75Interest rate
Effective date from Thursday 2 April 2020

Business Online Saver account

$1 < $5,000 0.55Interest rate
$5,000 < $10,000 0.55Interest rate
$10,000 < $20,000 0.55Interest rate
$20,000 < $50,000 0.55Interest rate
$50,000 < $100,000 0.55Interest rate
$100,000 < $250,000 0.55Interest rate
$250,000 < $500,000 0.55Interest rate
$500,000+ 0.55Interest rate
Effective date from Friday 17 July 2020

Business loans

Commercial loan 9.30Interest rate
Commercial loan - residential security 6.09^Interest rate

Business Visa credit card

Business Visa credit card 12.95Interest rate
Effective date from Monday 6 April 2020
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
Effective date from Thursday 2 April 2020

Fixed Term Deposits (Interest at maturity)

Special 5 month rate, $5,000 + 0.90Interest 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 0.80Interest rate
6-11 month term, balances $5,000 < $1,000,000 0.80Interest rate
12 month term, balances $5,000 < $1,000,000 0.80Interest rate
Effective date from Friday 31 July 2020
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 0.75Interest rate
6-11 month term, balances $5,000 < $1,000,000 0.70Interest rate
12 month term, balances $5,000 < $1,000,000 0.60Interest rate
Effective date from Friday 31 July 2020
Fees
Monthly fee $0
Early redemption fee Fee applies

Coronavirus Small and Medium Enterprise (SME) Guarantee Scheme

Coronavirus Small and Medium Enterprise (SME) Guarantee Scheme 4.99Interest rate
Effective date from Wednesday 6 May 2020
Fees
Establishment fee $300
Loan document preparation fee $150
GSA (General Security Agreement) $50
Guarantee Fee $150
Company Search $17 (if applicable)

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.