At a glance

0.30 %P.A.^^
Variable Base Rate + Bonus Interest Variable Rate*
$ 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 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 0.30 (base rate + 0.25% p.a. bonus interest)
$5,000 to $49,999 0.05 0.30 (base rate + 0.25% p.a. bonus interest)
$50,000 and over 0.05 0.30 (base rate + 0.25% 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.

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

Apply now

If you have saved your application:

Load saved 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


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