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

$200 minimum monthly deposit

Deposit a minimum of $200 into your linked Day2Day Plus Account each month from an external source- like your pay


Make 5 or more eligible transactions

From your linked Day2Day Plus Account each month such as Visa Debit Card or eftpos card purchases (settled, not pending transactions), ATM withdrawals or direct debits 


Interest will be deposited into your account the following month

Once you've met the 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  1.00%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
    $10,000.01 to $250,000 1.00

    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.


    • Is the Fast Track Starter Account still available?

      With the launch of the myBOQ mobile app, we've created new and exciting products to empower customers to manage their money and achieve their financial goals. The Future Saver Account is our new high interest savings account for customers 14-35 years of age that comes feature packed, all designed on a new mobile banking platform that will better serve customers with features like Savings Insights, Budget Tracker and more.

      Whilst we are no longer accepting online applications for the Fast Track Starter Account, customers can visit their preferred BOQ branch to discuss their suitability in opening an account. Existing BOQ customers wanting to open a Fast Track Starter Account can also do so through Internet Banking or at their preferred BOQ branch.

    • What is myBOQ?

      myBOQ is our all new mobile banking app that makes it easy to do you banking with BOQ. It comes with a full suite of new savings and transaction account products that take the hassel out of your everyday banking and gives you complete control over how you use your money.

      With myBOQ, we've made it easy for you to keep on top of your bills, stick to a budget and save more. Some of the exclusive banking features on myBOQ include:

      • Bill Tracker
      • Purchase Round Ups
      • Fast payments with Osko and PayID
      • Live in-app chat with a dedicated myBOQ support team

      Discover the new myBOQ app how it can help you bank better with BOQ.

      Learn more about myBOQ

    • More FAQs

      Click below to access our FAQs page.

      More FAQs

    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 warranties5 (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 approval2
  • 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 transfer1
  • Earn 2 Q Rewards points for every dollar spent on Eligible Transactions 4


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!