BOQ Launches Market-leading Shareholder Benefits Package

Friday, 04/03/2011

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. 


* Bonus interest of 0.25% only applies to new Premier Investment Accounts and to existing Premier Investment Accounts reinvested on or after 1 March 2011.
^ Discounts apply only on variable interest rates. Normal credit assessment criteria apply. Fees and charges may apply. The amount of discount is determined by the borrowed amount.
Shareholder benefits are not available in conjunction with any other special offers and negotiated rates. Unless otherwise stated, Bank of Queensland Limited ABN 32 009 656 740 (BOQ) is the credit provider or issuer of the products. Term Life Insurance is issued by St Andrew’s Life Insurance Pty Ltd ABN 98 105 176 243 (SALI). SALI is a part of the BOQ group of companies. BOQ does not guarantee or otherwise support the obligations or performance of SALI or the products it offers. All benefits are payable solely by SALI. All cover is subject to acceptance by SALI.
The current terms and conditions or Product Disclosure Statements (PDS) for these products are available at any BOQ branch. This document may contain general advice. This material has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of any advice before acting on it. You should obtain and consider the relevant terms and conditions or PDS and Financial Services Guide before making any decision about whether to acquire or continue to hold these products. Shareholder benefits are not available with specials and other negotiated rates.