BOQ has introduced a new savings account with great interest rates available through the myBOQ app. Check out the Simple Saver Account to learn more about all the new features available to help you bank better with BOQ.
Customers who currently hold a WebSavings Account can continue to access their account via Internet Banking, or through BOQ branches.
Features and benefits
Earn interest on your savings and access your money anytime, with our WebSavings Account.
WebSavings Account interest rates
Introductory Special Offer - Total Variable Rate 0.65% p.a.*
(0.05% p.a. variable + 0.60% p.a. bonus)
Interest rate % p.a.
$0 to less than $1,999
Interest rate % p.a.
$2,000 and over*
|4 Month Introductory Special Offer|
*New customers only. Offer not available to existing customers whether or not they hold a WebSavings Account.
|Minimum Monthly Balance||N/A|
|Account Maintenance Fee||Nil|
|Monthly Card Fee (Visa Debit)||N/A|
|Internet Banking Funds Transfer to your BOQ Accounts||Free|
Single Pay Anyone
(Third party BOQ account or other financial institution transfer)
|Multi Payment||$1.50 for up to 10 payments then $0.19 for each additional transaction|
~Other fees & charges may be payable. Please view the Personal Banking Guide to Fees and Charges for more details.
For important information on the WebSavings Account, view our terms and conditions.
Is the WebSavings 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 Simple Saver Account is our online savings account for customers looking for great rates, is feature packed, and 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 WebSavings Account, customers can visit their preferred BOQ branch to discuss their suitability in opening an account. Existing BOQ customers wanting to open a WebSavings 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.
We can also help with:
Fixed term interest rates and no account fees
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
BONUS INTEREST VARIABLE RATE FOR BALANCES UP TO $50,000 IF BONUS CRITERIA MET**
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!