Bonus Interest Savings Account
Earn bonus interest with our interest earning savings account
Apply nowAt a glance
0.50 %P.A.^^
Variable Base Rate + Bonus Interest Variable Rate*
$ 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 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 | 0.50 (base rate + 0.45% p.a. bonus interest) |
| $5,000 to $49,999 | 0.05 | 0.50 (base rate + 0.45% p.a. bonus interest) |
| $50,000 and over | 0.05 | 0.50 (base rate + 0.45% 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.
Fees
| 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.
Ready to apply?
Applying for Bonus Interest Savings Account is simple. Apply online, in branch or give us a call.
To apply for a Bonus Interest Savings Account, you must be:
- A citizen or permanent resident of Australia
- Fourteen (14) 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
Submit your application
- Call us on 1300 55 72 72
- Find your nearest branch
If you have saved your application:
Important information
For important information on the Bonus Interest Savings Account, view the Terms and Conditions.
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.
- Flexible terms from just 1 month
- Minimum investment of just $1,000
- Choose how and when you receive interest payments
BONUS INTEREST VARIABLE RATE FOR BALANCES UP TO $250,000 IF BONUS CRITERIA MET7
Fast Track Saver Account
Feel sure of your savings with a high interest savings account that rewards you for using your linked Day2Day Plus Account.
- Earn ongoing Bonus Interest variable rate when you meet Bonus Criteria
- Simply deposit $1,000 or more and do 5 or more eligible transactions that are settled (not pending) on your linked Day2Day Plus Account
- No minimum balance required
- Winner of multiple industry awards including RateCity Gold Award 2021 for Best Regular Savers Account
