Please note

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.

Learn more about the Simple Saver Account

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.

Earn interest

Boost your savings on balances over $2,000, calculated daily and paid monthly into your account    

Additional interest (Bonus)

Earn additional interest on top of our variable standard interest rate

Easy account access

Access your account anytime through Internet Banking or in-branch – no need to transfer your savings into another account

Secure deposits

All deposits up to $250,000 are protected by the Federal Government’s deposit guarantee, so your savings are secure with us.#

Interest rates

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*  

WebSavings Account

0.01

0.05
4 Month Introductory Special Offer
WebSavings Account
0.01
0.65*

*New customers only. Offer not available to existing customers whether or not they hold a WebSavings Account.

Fees

 

Feature  Applicable Fees 
Minimum Monthly Balance N/A 
Account Maintenance Fee Nil
Monthly Card Fee (Visa Debit) N/A
Teller Withdrawals Free
Internet Banking Funds Transfer to your BOQ Accounts Free
BPAY Free

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 & charges may be payable. Please view the Personal Banking Guide to Fees and Charges for more details.

Important information

For important information on the WebSavings Account, view our terms and conditions.

FAQs

  • 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.

    Learn more about myBOQ

  • More FAQs

    Click below to access our FAQs page.

    More FAQs

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

BONUS INTEREST VARIABLE RATE FOR BALANCES UP TO $50,000 IF BONUS CRITERIA MET**

Future Saver Account

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!