Smart Saver
Our high bonus interest savings account for customers 36+ years of age bundled with the Everyday Account.{sub-heading}
Earn up to
{myboq-banking-rates|| sv2 || rate}%1 p.a.{rate-display}
On balances up to $250,000 when monthly criteria is met
Open your Smart Saver Account
Earn a high bonus interest rate
Up to {myboq-banking-rates|| sv2 || rate}%1 p.a. on balances up to $250,000. Enjoy our great bonus interest rate on balances up to $250,000 when monthly criteria is met.
Government Guarantee6
Your money is protected by the government guarantee with up to $250,000 per person covered by the Financial Claims Scheme.
No monthly account keeping fee
We’re here to help you grow your savings faster – no monthly account keeping fees mean you keep all your cash.
Save more with round ups4
Round up purchases to the nearest $1 and grow your Smart Saver balance automatically.4
One savings goal or nine?
Saving for a house, holiday and a dog? Open up to nine Smart Saver accounts in the myBOQ app.
All managed in the myBOQ app
One app. Two accounts. Smart Saver comes bundled with an Everyday Account in the myBOQ app.
Things you should know{yellow-border}
- myBOQ is our mobile app with exclusive app-only accounts like Smart Saver and your Everyday Account. That means you can't access app-only accounts via Online Banking.
- If you hold other bank accounts with us that you access via Online Banking, you won't be able to get into those accounts within the myBOQ app.
How to earn bonus interest{yellow-border}
Earn your monthly bonus interest payment in two simple steps.{sub-heading}
Deposit at least $1,000 each month into your linked Everyday Account.
Transfer a minimum of $1,000 each month from an external Australian bank account. Getting your salary or wages paid directly into the transaction account is an easy way to do that. (These deposits must be electronic, so cash and cheque deposits won't count.)
Make 5 or more eligible transactions from your linked Everyday Account
Use your transaction account at least 5 times each month. Eligible transactions include direct debit payments, ATM withdrawals, BPAY payments or purchases with your Visa Debit Card. (Transactions must be settled before they’ll count.)
That’s your bonus sorted
Bonus interest will automatically be deposited into your savings account the following month once you've met the monthly bonus interest criteria.
Smart Saver interest rates{yellow-border}
Bonus Rate % p.a.
when monthly criteria are met5
Interest rates are variable rates and are subject to change. We calculate your interest daily and pay the total into your savings account on the first day of the following month.
Important Information
- Bonus Interest Rate will only apply for each calendar month when the bonus interest criteria are met in the previous calendar month. If the bonus interest criteria is not met, your account will earn the Base Rate.
Ready for a new savings account? It's easy - start here{yellow-border}
Before you apply for the Smart Saver, you'll need:
- To be aged 36 and over
- To be the account holder (applications cannot be completed and submitted by an Executor/Financial Administrator/Power of Attorney/ Legal representative) and the account cannot be for a deceased estate, business, superannuation or trust.
- An Australian residential address
- An Australian driver's licence or Australian passport
- An Australian mobile number
- A smartphone that supports iOS 14.0+ or Android 9.0+.
Important documents{yellow-border}
myBOQ Deposit Accounts General Terms & Conditions
PDF{sub-tag}
TMD - Smart Saver
PDF{sub-tag}
myBOQ Deposit Account Interest Rates, Transaction Limits, Fees and Charges
PDF{sub-tag}
Frequently asked questions{yellow-border}
Not finding what you need?{sub-heading}
What is a savings account?
A savings account is a bank account where you can deposit your money and earn interest. It is a great way to save money, for a potential emergency, or towards a goal like a holiday, new laptop or house deposit.
The type of savings account you need will depend on your savings goals and other lifestyle factors so you should compare savings accounts to find the best one for you.
How many savings accounts can I open with Smart Saver?
Open up to 9 Smart Saver Accounts to help you keep track of different savings goals.
Interest will be paid into the account it was earned in.
Can I open a joint savings account?
Yes, accounts can be opened with 2 people only as joint owners. Once you’ve completed your application, we’ll send the other party a message with details on how to get started.
If they're a new myBOQ customer, they'll get a unique application ID and an invite prompting them to download the myBOQ app to get started.
But if they already have myBOQ they can apply by using the application ID in the account section of their myBOQ app. Select ‘Sign up for a new account’ and then ‘Join an existing application’.
If you hold both joint and individual Smart Saver Accounts, you'll need to meet the bonus interest criteria separately for each, on the respective linked Everyday Accounts, to activate the bonus interest on each savings account.
We apply the Tiered interest rate to joint and single accounts separately.
How to set up a joint bank account?
How do I open a Smart Saver account?
How is savings account interest calculated?
What is Tiered interest?
How do I qualify for bonus interest?
Can I use Online Banking to manage my Smart Saver?
No, myBOQ Smart Saver accounts can only be used through the myBOQ mobile app. You can't access the app on a desktop or laptop computer.
You can access other Bank of Queensland accounts like Day2Day Plus Account, Fast Track Starter Account and Fast Track Saver Account through Online Banking, but not in the myBOQ app.
If I already have a Fast Track Saver account, can I access the myBOQ app?
No. The myBOQ app works on a different system. That's why BOQ banking products such as Day2Day Plus Account, Fast Track Starter Account and Fast Track Saver Account are available through Online Banking but not in the myBOQ app.
However, our Simple Saver, Future Saver, Smart Saver and the Everyday Account are all available on the myBOQ app. On the app, you can open an account and manage all of your everyday banking from there.
Apply for a Smart Saver here to access the myBOQ app.
Do you have more Smart Saver account questions?
For more everyday transaction account and saving account FAQs.
Explore more transaction and savings accounts{yellow-border}
Looking for something else? Explore our everyday banking and savings account options.{sub-heading}
Everyday Account
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Standalone transaction account
Our low-fee Everyday Account, available exclusively on the myBOQ app.
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No monthly account keeping fees
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Future Saver Account
Bundled bank & save account
Our highest bonus interest savings account for 14-35 year olds bundled with the Everyday Account.
Up to
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On balances up to $50,000 when monthly criteria is met
Simple Saver Account
Savings account
A no hoops savings account with no monthly interest criteria.
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Standard variable rate on balances up to $5 million