Please note
BOQ has introduced a new savings account with great interest rates for customers 14-35 years old, available through the myBOQ app. Check out the Future Saver Account to learn more about all the new features available to help you bank better with BOQ.
Learn more about the Future Saver Account
Customers who currently hold a Fast Track Starter 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 Fast Track Starter Account.
Bonus Criteria
Important Information
- You will earn 2.00% p.a. of Bonus Interest for your account balance up to $10,000 in the following month
- If your account balance is between $10,000 and $250,000, your Bonus Interest will be 0.50%p.a.
- For balances over $250,000 the Base Rate of 0.05% p.a. applies
- You will earn the Base Rate in the first month you open your account 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:

We're award winning
Awarded Rate City’s Gold Award 2021 for Best Savings Account Young Adults
Winner, winner
Our Fast Track Starter Account is literally a winner. We're proud to announce our Fast Track Starter Account was recently awarded the 2021 Rate City Gold Award for Best Savings Account Young Adults - making it the ideal account for 14-24 year olds looking to save.
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 Interest variable rate % p.a.* | Base variable rate % p.a. |
---|---|---|
$1 to $10,000 | 2.00 |
0.05 |
$10,000.01 to $250,000 | 0.50 |
0.05 |
Interest rates are variable rates and are 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 |
A full list of fees can be found in our Fees and Charges Guide.
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).
- 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 $250,000 IF BONUS CRITERIA MET**
Smart Saver Account
Our high-interest saver accounts for customers 36 years or older, 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
- Supercharge 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!
- Open a Smart Saver account directly within the myBOQ app and start banking with BOQ today!