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 brochureFinancial Services GuideBusiness Interest Rate Schedule; and Account and Access Facility Conditions of Use.