Please note

BOQ has introduced a new savings account with great interest rates available through the myBOQ app. Check out the Simple Saver Account to learn more about all the new features available to help you bank better with BOQ.

Learn more about the Simple Saver Account

Customers who currently hold a Bonus Interest Savings Account can continue to access their account via Internet Banking, or through BOQ branches.

Our Bonus Interest Savings Account

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.#

Interest rates

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 0.05 0.25 (base rate + 0.20% p.a. bonus interest)
$5,000 to $49,999 0.05 0.25 (base rate + 0.20% p.a. bonus interest)
$50,000 and over 0.05 0.25 (base rate + 0.20% 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.



Features Applicable Fees
Minimum Monthly Balance Nil
Account Maintenance Fee Nil
Monthly Card Fee (Visa Debit) Free
Teller Withdrawals Nil
BOQ ATM/eftpos withdrawals/transfers 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)

$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.

Important information

For important information on the Bonus Interest Savings Account, view the Terms and Conditions.


  • Is the Bonus Interest Savings Account still available?

    With the launch of the myBOQ mobile app, we've created new and exciting products to empower customers to manage their money and achieve their financial goals. The Simple Saver Account is our savings account for customers looking for great rates, is feature packed, and designed on a new mobile banking platform that will better serve customers with features like Savings Insights, Budget Tracker and more.

    Whilst we are no longer accepting online applications for the Bonus Interest Savings Account, customers can visit their preferred BOQ branch to discuss their suitability in opening an account. Existing BOQ customers wanting to open a Bonus Interest Savings Account can also do so through Internet Banking or at their preferred BOQ branch.

  • More FAQs

    Click below to access our FAQs page.

    More FAQs

We can also help with :

Fixed term interest rates and no account fees

Term Deposits

Rewarding you with higher interest on balances over $5,000. Enjoy the security of a fixed rate for your nominated term.

We’re receiving a high volume of online applications at the moment, so it might take us a little longer than usual to get your account ready for you. Please be assured we’ll process your request as quickly as possible.

  • Flexible terms from just 1 month
  • Minimum investment of just $1,000
  • Choose how and when you receive interest payments


Future Saver Account

Our high-interest saver accounts for 14 to 35 year olds, with easy-to-earn bonus interest and no monthly account keeping fees.

  • Access your money whenever you need on the all-new myBOQ mobile app
  • Super charge your savings with easy to earn Bonus Interest.
  • Simply deposit $1,000 into your linked Everyday Account and make 5 or more eligible transactions.
  • Set up savings goals to keep you on track with your targets.
  • Switch on Round Ups to add to your savings without even thinking about it!