Download the app to get started

Apply via the myBOQ Mobile App

Get setup with a new account in only a few minutes. Applications can be submitted directly via the myBOQ app so you can bank on the go at any time.

Why choose the Simple Saver?

Open up to 9 accounts

Make every cent count. Open multiple Simple Saver accounts to manage your savings across multiple goals. 

Smarter features

Reach your savings goals sooner with personalised insights and goal tracking.

Grow your savings

Simple Savers enjoy a great ongoing rate with no need to make a monthly deposit, or meet a minimum balance criteria. Just sit back and watch your savings grow!

Round Ups

Grow your savings whenever you spend. Round up your transactions to the nearest dollar and we'll put the extra change straight into your nominated Simple Saver account. 

Safe and secure

Feel safe knowing your savings are guaranteed up to $250,000 by the Australian Government's Financial Claims Scheme#.

No monthly fees

We've made monthly account keeping fees a thing of the past.

Ready to Apply?

Getting started is easy. Open and use your account in minutes.

Apply via the myBOQ Mobile App

Apply online

Interest rates

Simple Saver Account interest rates

Interest rate % p.a.

up to $1M  

Interest rate % p.a.

over $1M, up to $5M

Interest rate % p.a.

over $5M  

0.45

0.45

0.05

Fees and Charges

$ 0 
No monthly fees
$ 0 
No transaction fees within australia

Please click here for more details on fees and charges.

Apply Now!

Getting started is easy. Open and use your account in minutes using the myBOQ app.

Apply now

Check your eligibility

You will need:

  • To be aged over 14
  • To be the account holder (applications cannot be completed and submitted by an Executor/Administrator/Power of Attorney/ Legal representative).
  • An Australian residential address
  • An Australian drivers licence or Australian passport or Medicare card
  • An Australian mobile number
  • A smartphone that supports iOS 12.0+ or Android 8.0+.

Apply via the myBOQ Mobile App

Simple Saver FAQs

  • If I already have a WebSavings or Bonus Interest Savings Account, can I access the myBOQ app?

    To access the myBOQ app you'll need to open a new Simple Saver account.  

  • Can I open a joint account?

    Yes, when you're opening a new account just let us know who you would like to open the account with. We'll send them a message with details on how to get started. 

    Just so you know, if there person you are opening the account with is a new myBOQ customer they will receive a unique application ID and an invite prompting them to download the myBOQ app to get started.

    If they are an existing myBOQ customers they can apply using the application ID in the app. They will just need to select Sign up for a new account and then Join an existing application in the account section of the myBOQ app. 

  • How is interest calculated?

    Interest is calculated from the day funds are credited to your account. It is calculated daily by applying the applicable interest rate to the closing balance of your account each day as follows:

    Daily closing balance x interest rate (per annum)
    Number of days in the year (365 or 366 days)

    We will credit interest to your account at the close of business on the last day of each calendar month. The interest credited to your account will only be included in the closing balance from the first day of the next calendar month.

  • How many Saver accounts can I have?

    You can open up to nine Saver accounts in myBOQ, to help keep track of different savings goals.

  • More FAQs

    For more Simple Account FAQs, click on the button below.

    More FAQs

You might also be interested in:

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!

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!