BOQ Launches Market-leading Shareholder Benefits Package
While many companies are gradually reducing the benefits they offer shareholders, BOQ is going against the grain by launching a new and improved Shareholder Benefits Package.
The new Shareholder Benefits Package includes:
• Bonus interest rate of 0.25% p.a. on the standard interest rate for BOQ Premier Investment Accounts on amounts of $25,000 up to $250,000 (excluding special rates)*
• Reduced interest rates with discounts of up to 0.70% p.a^ on a variable rate home loan or line of credit, with an application fee of just $375
• Reduced interest rates with discounts of up to 0.70% p.a^ on a variable rate Personal Loan with no application or monthly maintenance fees
• A 20% discount on Term Life Insurance policies purchased on or after 1 March 2011
In announcing the package, BOQ Managing Director David Liddy said the Bank wanted to acknowledge the support of its shareholders and offer an additional reward for their loyalty to the Bank.
“We have many BOQ customers who have been with us for years and have seen us grow from a quiet regional bank with annual profits around the $20m mark ten years ago to a national bank with a unique Owner-Managed Branch network, with an FY10 profit of nearly $200m,” said David.
“The past ten years have seen huge growth at the Bank, both organic and inorganic, and our shareholders have been supportive of our every move.
“And, in fact, it is one of the more recent acquisitions, of St Andrew’s Insurance, that enables us to offer them a very competitive discount on Term Life Insurance.
“Offering shareholders a benefits package that is unequalled in the marketplace is our way of saying thanks for your support and we look forward to another ten years of growth at BOQ.”
The Shareholder Benefits Package is available to shareholders with 500 or more ordinary shares in BOQ. The shareholding just has to be in a personal name. If you have a joint holding in two or more personal names, all joint holders can apply.
Company, trustee and deceased estate shareholdings are not eligible.