At a glance

2.20 %P.A.
(Variable base rate + bonus interest)*
$ 0
Account maintenance fees
Monthly withdrawal without forfeiting bonus interest

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 branch withdrawal
  • 1 free BOQ ATM/EFTPOS withdrawal/transfer
  • 1 free Internet Banking transfer to your BOQ account or BPAY payment    

Interest rates

Interest is calculated daily and paid monthly.**

Balance Base interest rate % p.a. Base and bonus interest rate % p.a.
$1 to $4,999 0.80 2.20 (base rate + 1.40% p.a. bonus interest)
$5,000 to $49,999 0.80 2.20 (base rate + 1.40% p.a. bonus interest)
$50,000 and over 0.80 2.20 (base rate + 1.40% 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**.


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.

Features Applicable Fees
Minimum Monthly Balance Nil
Account Maintenance Fee Nil
Monthly Card Fee (Visa Debit) $1
Teller Withdrawals 1 free then $2 each
Internet Banking Funds Transfer and BPAY 1 free then $0.30 each

A full list of fees can be found in our Fees and Charges Guide below.

Important information

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

Ready to apply?

Applying for Bonus Interest Savings Account is simple. Apply online, in branch or give us a call.

Applying online

Step 1. Check your eligibility. You must be:

  • A citizen or permanent resident of Australia
  • Fifteen (15) years of age or over
  • Applying for a personal account and not in the name of a business or trust. There should be no more than two account holders for this account

Step 2. Apply online now

Step 3. Load saved application

Contact us

We can also help with:

Teach kids to save with BOQ’s Kids Savings Account

Kids Savings Account

It’s never too early to teach kids to save! Encourage the right saving behaviour for children under 14 with a children's savings account held in their name. Terms and conditions apply.

  • Start earning high interest from the first dollar
  • Deposit only access for the linked child
  • Manage the account on your internet banking

Personal loan

Fixed Rate Unsecured Personal Loan

Whether you’re looking to pay for your next car, holiday, wedding, consolidate your debts or you need some extra funds, our personal loans can help make it a reality.

  • Low rate personal loans
  • Secured or unsecured options
  • Pay off your loan sooner with extra repayments and no early repayment fees