Save faster with our online savings accountApply now
Earn interest on your savings and access your money anytime, with our Online Savings Account. With no account maintenance fee, unlimited transfers and a competitive interest rate, boosting your money with BOQ couldn't be easier.
(0.30% p.a. variable + 1.00% 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.
At BOQ, we keep our fees to a minimum. Any fees we do have we’ll show you up front so there are no surprises.
|Minimum Monthly Balance||N/A|
|Account Maintenance Fee||Nil|
|Monthly Card Fee (Visa Debit)||N/A|
|Internet Banking Funds Transfer and BPAY||Free|
A full list of fees and charges are provided in the PDF below.
Apply for your online savings account by following these easy steps.
For important information on the WebSavings Account, view our terms and conditions.
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.
BONUS INTEREST VARIABLE RATE FOR BALANCES UP TO $250,000 IF BONUS CRITERIA MET7
Feel sure of your savings with a high interest savings account that rewards you for using your linked Day2Day Plus Account.
^^Interest rates are variable rates and are subject to change at any time without notice.
*Rate includes additional interest rate of 1.00% p.a. which will be paid for 4 months from account opening date - to any new customers who open a WebSavings Account® on or after 31 July 2020. Additional interest only applies to account balances of $2,000 or more and is not available to existing customers whether or not they hold a WebSavings Account. After 4 months from the account opening date, the interest rate will revert to the standard WebSavings Account variable interest rate.
Balances greater than $5,000,000 held in the same name are subject to approval.
# Under the Australian Government’s Financial Claims Scheme (FCS), certain deposits are protected up to a limit of $250,000 for each account holder at BOQ. The FCS limit of $250,000 applies to the total sum of all BOQ bank accounts, including accounts you hold with BOQ Branches and BOQ Specialist. Please visit apra.gov.au for further information on the institutions and types of accounts covered.
7A Bonus Interest variable rate will only be paid if Bonus Criteria are met in the previous month. Bonus Criteria will be met where both the following conditions are met:
- a minimum of $1,000 is credited to the linked Day2Day Plus Account in the prior calendar month. This excludes amounts transferred from another one of your BOQ Accounts including any Account you may be linked to as an Authorised User or joint Account holder;
- at least 5 direct debit transactions, ATM withdrawals or purchases of goods or services from a Merchant are made in the prior calendar month by using your eftpos Card or BOQ Visa Debit Card associated with your linked Day2Day Plus Account. This does not include cheques written or deposited, branch cash withdrawals, transfers or payments to any BOQ account or to a non-BOQ account via Internet Banking, in branch or at ATMs, transfer of funds to accounts held at an overseas bank, BPAY payments, pending Visa Debit Card transactions and BOQ Credit Card transactions.
Transactions that are not settled (are pending) do not count towards the Bonus Criteria. If a transaction is made but settles in the following calendar month then the transaction will be counted in the following calendar month.
The variable Base Rate applies to balances over $250,000. The variable Base Rate always applies in the first month after opening an account. In the first month, Bonus Criteria on the transaction account is measured from the time the Fast Track Saver Account is opened, not the full calendar month even if the transaction account was already existing. Interest is calculated on a stepped basis and paid monthly on the first day of the following month. If Bonus Criteria conditions are not met the variable Base Rate only will apply.
Fast Track Saver Accounts are restricted to one per customer.
Conditions, Criteria and Fees Apply. You should obtain and consider the relevant Product Disclosure Statement (PDS), terms and conditions and Guide to Fees and Charges for the product before making any decision about whether to acquire or continue to hold it. Full terms and conditions are available online or at any Bank of Queensland branch.