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 Smart Saver account?

No monthly fees

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

Smarter features

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

High interest savings

Enjoy bonus interest* each month when you meet the criteria. Simply transfer a minimum of $1,000 into your linked Everyday Account and make 5 eligible transactions to save faster!

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 Smart Saver account. 

Safe and secure

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

Open up to 9 accounts

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

Ready to Apply?

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

Apply online

Apply via the myBOQ Mobile App

How to Earn Bonus Interest (Bonus Criteria)

$1,000 minimum monthly deposit

Transfer a minimum of $1,000 each month (like your salary) into your linked Everyday Account.

Make 5 or more eligible transactions

From your linked Everyday Account each month. Eligible transactions include direct debit payments, ATM withdrawals, BPAY payments or purchases with your Visa Debit Card

Earn bonus interest

Bonus interest will automatically be deposited into your account the following month once you've met the Bonus Criteria*

Note: To help you get started on reaching your savings goals, you'll start earning Bonus Interest straight away after opening your Smart Saver Account. To continue to earn Bonus Interest each month, you'll need to meet the above Bonus Criteria.

Interest rates

Balance up to         Base + Bonus Interest variable rate % p.a.* Base variable rate % p.a.
$250,000 2.00% 0.05%
$250,001 +   - 0.05%

Interest rates are variable rates and are subject to change at any time without notice. Interest is calculated daily on a stepped basis and paid monthly on the first day of the following month.

Fees and Charges

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

Apply Now!

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

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

Smart Saver FAQs

  • If I already have a Fast Track Saver account, can I access the myBOQ app?

    To access the myBOQ app you will need to open a new Smart 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 do I qualify for bonus interest?
    • For the Smart Saver accounts, you will need to meet a monthly deposit requirement to qualify for bonus interest. This is outlined in the table below. 

    Age Monthly criteria
    14-17 Years No monthly criteria to unlock bonus interest.
    18+ Deposit $1000 from an external account into your Everyday Account each month, and make 5 eligible transactions on your Linked Everyday Account each month.

    Bonus interest is paid on the total balance of all Saver accounts that are held in the same name. The amount of bonus interest you will earn is determined by the balance in your account.

    Account Account balance bands
    Smart Saver Up to $250k
  • How many Smart Saver accounts can I have?

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

  • Can I use Internet Banking to manage my Smart Saver?

    Smart Saver accounts are managed via the myBOQ app. Easily transfer money, set savings goals and check your accounts balances, all from your mobile device.  

  • How do I open an account?

    You can open an account directly from the myBOQ app or by completing the online application form. 

  • More FAQs

    For more Smart Saver FAQs, click on the button below.

    More FAQs

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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!

Get a great, ongoing interest rate for balances up to $1 million

Simple Saver Account

No hoops and no fuss when you just want to save. Simply sit back and watch your savings grow.

  • Access your money whenever you need on the all-new myBOQ mobile app
  • No monthly account keeping fees.
  • Open up to 9 Simple Saver accounts and keep on track with all your goals
  • Open a Simple Saver account directly within the myBOQ app and start banking with BOQ today!