Business Performance Saver Account
Boost your business savings with bonus interest
Boost your business savings with bonus interest
Here's how you can earn your Bonus Interest with our best high interest savings account:
Interest is calculated daily and paid monthly.
Bonus Interest variable rate % p.a.*
Applies where $5,000 is deposited to your linked Everyday Business Account, in the prior month
|Base variable rate % p.a.|
$0 to $500,000
Benefit from the Everyday Business Account which will be opened and linked to your Business Performance Saver when you apply.
Our low fee business bank account
Our Everyday Business Account is a low fee business transaction account that provides a flexible way to manage business finance and expenses.
At BOQ, we keep our fees to a minimum. Any fees we do have we’ll show you up front so there are no surprises.
Account maintenance fee
Minimum monthly balance
Account maintenance and transaction fees may apply for the Everyday Business Account.
A full list of fees and charges is available in our Fees and Charges Guide below.
For important information on the Business Performance Savings Account, view the Terms and Conditions.
Manage your cashflow and cover expenses
You can't always predict when an unexpected expense will arise, or when you need to cover shortages in your cash flow. Our Business Overdraft gives you access to a minimum of $10,000, up to an approved limit.
Access an ongoing line of credit from $50,000
Our Business Line of Credit loan offers convenience, flexibility and peace of mind. Whether you are expanding your business or you need to cover short term cash shortages, you can access additional funds when you need it, up to an approved limit.
^^Interest rates are variable rates and are subject to change at any time without notice.
*A Bonus Interest variable rate will be paid if Bonus Criteria are met in the previous month. Bonus Criteria will be met where a minimum of $5,000 is credited to the linked Everyday Business Account in the prior month. The amount of $5,000 does not include amounts transferred from another one of your BOQ Accounts including any Account you may be linked to as an Authorised User or as a joint Account holder. The variable base rate applies to balances over $500,000. In addition, when opening a Business Performance Saver Account, the base variable rate always applies in the first month, not the Bonus Interest variable rate. In the first month, Bonus Criteria on the transaction account is measured from the time the Business Performance Account is opened, not the full calendar month even if the transaction account was already existing. Interest is calculated daily on a stepped basis and paid monthly on the first day of the following month. If Bonus Criteria conditions are not met the base variable rate only will apply.
^Effective 1 Feburary 2020, a Bonus Interest variable rate will only be paid if Bonus Criteria are met in the previous month. Bonus Criteria will be met where both the following conditions are met:
1. a minimum of $5,000 is credited to the linked Everyday Business Account in the prior calendar month. This excludes amounts transferred from another one of your BOQ Accounts including any Account you may be linked to as an Authorised User or joint Account holder;
2. at least 5 direct debit transactions or purchases of goods or services from a Merchant are made in the prior calendar month by using your Card or BOQ Visa Debit Card associated with your linked Everyday Business Account. This does not include cheques written or deposited, branch cash withdrawals, transfers or payments to any BOQ account or to a non-BOQ account via Internet Banking, in branch or at ATMs, transfer of funds to accounts held at an overseas bank, BPAY payments and pending Visa Debit Card transactions.
Transactions that are not settled (are pending) do not count towards the Bonus Criteria. If a transaction is made but settles in the following calendar month then the transaction will be counted in the following calendar month.
The Business Performance Saver cannot be opened as a Controlled Money Account, Solicitors Investment Trust Account or Real Estate/Agents Investment Trust Account. Business Performance Saver Accounts are limited to one per entity.
#One free Square Reader available to new BOQ business transaction account customers. One Square Reader per customer while stocks last. To be eligible for this offer, $5,000 must be deposited into your transaction account during the first 3 months. Square Reader R.R.P is approximately $59.00. Eligible customer must be registered as a business entity, not individual. You will receive fee- free processing on up to $1,000 in credit card transactions for the first 180 days after registration of your new Square account. Afterwards, Square’s card processing fee is 1.9% per transaction for any Visa, MasterCard or American Express credit or debit card processed through Square Reader, or 2.2% per Square Invoice paid online. Waived processing fees are reimbursed to your account on each deposit. Upon creating your account via square.com/go/boq, you will receive free fee processing on up to $1,000 in credit card transactions for the first 180 days after registration of your new Square account. EFTPOS not accepted on the Square Reader device. The Square Reader will be linked to your BOQ transaction account. BOQ reserves the right to charge a one off administration fee of $50 if these terms are not met. BOQ is remunerated by Square on a commercial basis for this offer. Limited time only for new Square Reader customers and not transferable. Offer expires 31 December 2019.
The Square Reader is a device provided through Square AU Pty Ltd ABN 328 167 106 176.
BOQ does not and will not guarantee or otherwise support Square's obligations under the contracts or agreements connected with the with the Square Reader or the functionality of the Square Reader. For further information please go to www.squareup.com/au
Conditions, Criteria and Fees Apply. You should obtain and consider the relevant Product Disclosure Statement (PDS), terms and conditions and Guide to Fees and Charges for the product before making any decision about whether to acquire or continue to hold it. Full terms and conditions are available online or at any Bank of Queensland branch.