Bonus Interest Savings Account

Please note{yellow-border}

New customers:

This savings account is no longer available to new customers and has been replaced by the new myBOQ Simple Saver Account available exclusively through the new myBOQ app.

Learn about Simple Saver Account

[br]Current customers:

Existing WebSavings Account customers are still able to access their account as normal via Internet Banking.
As an existing WebSavings Account holder, please note this account is not accessible from the myBOQ mobile app, which only supports new app-exclusive accounts and transaction types.

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Our Bonus Interest Savings Account{yellow-border}

Whether you're saving for a new purchase, a house deposit, a new baby or something else, our Bonus Interest Savings Account will help you reach your savings goal faster.

Earn Bonus Interest

Bonus interest is paid into your account when you limit your withdrawals to a maximum of one per month

No monthly account fee

Let your savings grow without monthly account fees

Easy account access

Access your account at any time, online and in-branch

Free monthly transaction

Choose from one of the following free transactions per month:

1 free BOQ/ATM eftpos withdrawal or transfer
1 free Internet Banking transfer to your BOQ account or BPAY payment

Secure deposits

All deposits up to $250,000 are protected by the Federal Government’s deposit guarantee, so your savings are secure with us.^#

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Interest rates{yellow-border}

Interest is calculated daily and paid monthly^.

Balance

Variable Base interest rate % p.a.

Variable Base + Bonus interest rate % p.a.*

$1 to $4,999{grey-row}

{boq-banking-rates||bis0||rate}

{boq-banking-rates||bis3||rate} (base rate + {boq-banking-rates||bis6||rate}% p.a. bonus interest)

$5,000 to $49,999

{boq-banking-rates||bis1||rate}

{boq-banking-rates||bis4||rate} (base rate + {boq-banking-rates||bis6||rate}% p.a. bonus interest)

$50,000 and over{grey-row}

{boq-banking-rates||bis2||rate}

{boq-banking-rates||bis5||rate} (base rate + {boq-banking-rates||bis6||rate}% p.a. bonus interest)

Bonus interest will be paid in addition to the base rate if no more than one (1) withdrawal is made during a calendar month. Calculated daily and paid monthly^. Interest rates are calculated on a tiered basis.

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Fees{yellow-border}

Feature

Applicable Fees

Minimum Monthly Balance{grey-row}

Nil

Account Maintenance Fee

Nil

Monthly Card Fee (Visa Debit){grey-row}

Free

Teller Withdrawals

Nil

BOQ ATM/eftpos withdrawals/transfers{grey-row}

1 free then $0.65 each

Internet Banking Funds Transfer to your BOQ Account or BPAY

1 free then $0.30 each

Single Pay Anyone

(Third party BOQ account or other financial institution transfer){grey-row}

$0.65 each

Multi Payment

$1.50 for up to 10 payments then $0.19 for each additional transaction

~ Other fees (including other bank ATM and International Transaction fees) and charges may be payable. Please view the Personal Banking Guide to Fees and Charges for more details.

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