Please note
BOQ has introduced a new savings account with great interest rates available through the myBOQ app. Check out the Smart Saver Account to learn more about all the new features available to help you bank better with BOQ.
Learn more about the Smart Saver Account
Customers who currently hold a Fast Track Saver Account can continue to access their account via Internet Banking, or through BOQ branches.
How to Earn Bonus Interest (Bonus Criteria)
Here's how you can earn your Bonus Interest with our best high interest savings account:
Bonus Criteria
Important Information
- Earn 0.50% p.a. Bonus Interest in the following month on your Fast Track Saver Account balance
- For balances over $250,000 the Base Rate of 0.05% p.a. applies
- Your account will earn the Base Rate in the month that you open it and any month you don't meet the Bonus Criteria
- You need to have access to Internet Banking as this is an online savings account
Here's an example of how it works:


Our Fast Track Saver is literally a winner, awarded the 2020 Mozo Experts Choice Award for Regular Saver, plus the 2020 and 2021 RateCity Gold Award for Best Savings Account for Regular Savers.
The BOQ Fast Track Saver ensures you save faster with award-winning confidence.
Fees & Interest Rates
When it comes to savings, we keep our fees to a minimum & rates to a max! Any fees we do have we’ll show you up front so there are no surprises.
Balance |
Base + Bonus Rate % p.a.* | Base Rate % p.a. |
---|---|---|
$1 to $250,000 |
0.50 |
0.05 |
Interest rates are variable and subject to change at any time without notice. Interest is calculated daily on a stepped basis and paid monthly on the first day of the following month.
Features | Applicable Fees |
---|---|
Account maintenance fee | Nil |
What else can we help you with?
Everyday banking with no monthly fees
Everyday Account
Our simple, intuitive everyday transaction account, made even better for you with user-friendly features that help you make the most of your money.
- Access your money whenever you need on the all-new myBOQ mobile app
- Managing your money has never been easier, with in-app spend tracking to help you budget better and bill tracker to give you a heads up when bills are due.
- Fast, easy payments. Pay or be paid instantly with PayID.
- Open an Everyday Account directly within the myBOQ app and start banking with BOQ today!
Earn Q Rewards Points and enjoy perks
Platinum Visa Credit Card
Everything you need, with all of the Platinum Credit Card benefits. Including complimentary insurance and extended warranties (terms, conditions, limits and exclusions apply)6.
- Earn 150,000 bonus Q Rewards® points when you spend $3,000 on Eligible Transactions in the first 90 days from approval1
- 0% p.a. on balance transfers for 14 months, reverting to the cash advance rate thereafter. No fees on balance transfers. No interest free days apply to retail purchases while you have a balance transfer3
- Earn 2 Q Rewards points for every dollar spent on Eligible Transactions 4
BONUS INTEREST VARIABLE RATE FOR BALANCES UP TO $50,000 IF BONUS CRITERIA MET**
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!