At a glance

$ 0 
Account keeping fees
2.75 %P.A.^^
Variable Base Rate + Bonus Interest Variable Rate*
$ 0 
Minimum monthly deposit

Why choose our Kids Savings Account

Encourage the right saving behaviour for children under 14 with a BOQ Kids Savings Account held in their name. You can reward your kid's savings efforts with high interest, and teach them to take ownership of their own account.

Interest rates

High interest rates

Receive a high rate of interest on your kid’s savings account     

Parent account

Linked to your account

Linked parents or guardians have full access to the account    


Safe keeping

Your child can make branch deposits, but all other account access by your child is restricted    

Deposit book

Deposit book

Kids receive their own deposit book and wallet to track their savings


Personalised statements

Kids receive statements in their name, so they can watch their savings grow    

Earn bonus interest

Reward good savings habits with bonus interest for saving, without withdrawing more than once a month*

Balance Variable Base interest rate % p.a. Variable Base + Bonus Interest rate % p.a.*
$1 to $4,999 0.05 2.75 (base rate + 2.70% p.a. bonus interest)
$5,000 to $49,999 0.05 2.75 (base rate + 2.70% p.a. bonus interest)
$50,000 and over 0.05 2.75 (base rate + 2.70% 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**.



Features Applicable Fees
Minimum Monthly Balance Nil
Account Maintenance Fee Nil
Monthly Card Fee (Visa Debit) Nil
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.

Important information

For important information on the Kids Savings Account, view the Terms and Conditions.

Ready to apply?

Visit your nearest branch to open a BOQ Kids Savings Account. 

Download a checklist

Step 1. Download the minor account opening checklist

Step 2. Find your nearest branch

Step 3. Bring your documents and ID along to the branch

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.

We’re receiving a high volume of online applications at the moment, so it might take us a little longer than usual to get your account ready for you. Please be assured we’ll process your request as quickly as possible.

  • Flexible terms from just 1 month
  • Minimum investment of just $1,000
  • Choose how and when you receive interest payments

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, exclusively on the all-new myBOQ mobile app. Please note: As an app-exclusive account, it cannot be accessed via Internet Banking.
  • 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!