Online Savings Account - WebSavings 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This savings account is no longer available to new customers and has been replaced by the new myBOQ Simple Saver Account available exclusively through the new myBOQ app.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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Features and benefits{yellow-border}

Earn interest on your savings and access your money anytime, with our WebSavings Account.

Earn interest

Boost your savings on balances over $2,000, calculated daily and paid monthly into your account

Additional interest (Bonus)

Earn additional interest on top of our variable standard interest rate

Easy account access

Access your account anytime through Internet Banking or in-branch – no need to transfer your savings into another account

Secure deposits

All deposits up to $250,000 are protected by the Federal Government’s deposit guarantee, so your savings are secure with us.⁶

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Interest rates{yellow-border}

WebSavings Account interest rates

Introductory Special Offer - Total Variable Rate {boq-banking-rates||ws3||rate}% p.a.*

({boq-banking-rates||ws1||rate}% p.a.% p.a. variable + {boq-banking-rates||ws4||rate}% p.a. bonus)

Interest rate % p.a.

$0 to less than $1,999

Interest rate % p.a.
$2,000 and over*

WebSavings Account{grey-row}

{boq-banking-rates||ws0||rate}% p.a.

{boq-banking-rates||ws1||rate}% p.a.

4 Month Introductory Special Offer{colspan-3}

WebSavings Account{grey-row}

{boq-banking-rates||ws2||rate}% p.a.

{boq-banking-rates||ws3||rate}% p.a.*

*New customers only. Offer not available to existing customers whether or not they hold a WebSavings Account.

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Fees{yellow-border}

Feature

Applicable Fees

Minimum Monthly Balance{grey-row}

N/A

Account Maintenance Fee

Nil

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

N/A

Teller Withdrawals

Free

Internet Banking Funds Transfer to your BOQ Accounts{grey-row}

Free

BPAY

Free

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 & charges may be payable. Please view the Personal Banking Guide to Fees and Charges for more details.

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Handy tools{yellow-border}

Savings calculators

Calculate the sums for your savings goals.

Start saving

Budget planner

Calculate how much you can save based on your income and expenses.

Start budgeting

Compare our savings accounts

View our account features side by side.

Compare accounts

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Important information{yellow-border}

For important information on the WebSavings Account, view our terms and conditions.

Personal Banking Guide to Fees and Charges

PDF{sub-tag}

/content/dam/boq/files/terms-and-conditions/personal/personal-banking-guide-to-fees-and-charges.pdf

Deposit Products Terms and Conditions

PDF{sub-tag}

/content/dam/boq/files/terms-and-conditions/personal/deposit-products-terms-and-conditions.pdf

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FAQs{yellow-border}

What is myBOQ?

myBOQ is our all new mobile banking app that makes it easy for you to do your banking with BOQ. It comes with a full suite of new savings and transaction account products that take the hassel out of your everyday banking and gives you complete control over how you use your money.

With myBOQ, we've made it easy for you to keep on top of your bills, stick to a budget and save more. Some of the exclusive banking features on myBOQ include: