BOQ today confirmed changes to interest rates for home loan customers following the Reserve Bank of Australia’s (RBA) decision to lift the cash rate by 0.25%. From 13 May, BOQ will lift variable home loan interest rates by 0.25% per annum. In making this decision, we carefully considered our customers, our business and the broader economic environment.
BOQ Group continues its multi-brand transformation
Bank of Queensland Group has reached a major milestone in its digital transformation strategy, launching a brand new app, myBOQ. The new app for BOQ customers lands exactly one year on from Virgin Money’s new digital bank, and is built on the same Temenos cloud based digital banking platform, representing the next phase in the Group’s progress towards being a fully cloud based digital bank.
To support the unfolding emergency, BOQ Group today announced it will donate $25,000 to Queensland Fire and Emergency Services (QFES) which will support the State Emergency Service (SES) volunteers in response and recovery efforts on the ground in flood affected areas.