Bonus Interest Savings Account
Earn bonus interest with our interest earning savings account
At a glance
2.20
%P.A.
(Variable base rate + bonus interest)*
$
0
Account maintenance fees
FREE
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**.
Fees
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
- Call us on 1300 55 72 72
- Come in and see us
Find your nearest branch
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
