Savings Account Interest Rates
The latest rates on our savings accounts
Interest rates
myBOQ app products
Future Saver Account
Our highest interest savings account for customers aged 14 - 35 years.
| Balances up to | Base Rate % p.a. | Bonus Rate % p.a. | Highest Rate % p.a.** |
|---|---|---|---|
| $0 to $50,000 | 0.05% | 5.45% | 5.50% |
| $50,000 to $250,000 | 0.05% | 2.95% | 3.00% |
| $250,000 + | 0.05% | 0.00% | 0.05% |
Important Information
- Bonus Interest Rate will only apply for each calendar month whenever a minimum of $1,000 is deposited into your linked Everyday Account in the previous calendar month from an External Account - like your pay; and
- Make 5 or more direct debit transactions, BPAY payments, ATM withdrawals using your Card or purchases from a merchant using your Card are made from your linked Everyday Account in the previous calendar month (Transactions that are pending do not count as a transaction for the previous calendar month and will be counted in the following calendar month).
- Earn Total Interest 5.50% p.a. in the following month on your Future Saver Account balances up to $50,000
- Balances between $50,000 and $250,000 earn Total Interest 3.00% p.a. in the following month
- Balances over $250,000 earn 0.05% p.a. interest
- Your account will earn the Base Rate any month you don't meet the Bonus Criteria
- The Future Saver Account will automatically convert to a Smart Saver Account on your 36th birthday
Smart Saver Account
Our high-interest saver account for customers 36+ years of age
| Balances up to | Base Rate % p.a. | Bonus Rate % p.a. | Highest Rate % p.a.** |
|---|---|---|---|
| $250,000 | 0.05 | 4.95 | 5.00% |
| $250,000 + | 0.05 | 0.00 | 0.05% |
Important Information
- Bonus Interest Rate will only apply for each calendar month whenever a minimum of $1,000 is deposited into your linked Everyday Account in the previous calendar month from an External Account - like your pay; and
- Make 5 or more direct debit transactions, BPAY payments, ATM withdrawals using your Card or purchases from a merchant using your Card are made from your linked Everyday Account in the previous calendar month (Transactions that are pending do not count as a transaction for the previous calendar month and will be counted in the following calendar month).
- Earn Total Interest 5.00% p.a. in the following month on your Smart Saver Account balances up to $250,000
- For balances over $250,000 earn 0.05%p.a. interest
- Your account will earn the Base Rate any month you don't meet the Bonus Criteria
Simple Saver Account
Our online savings account with no fuss and no hoops, just simple savings.
| Balances up to | Base Rate % p.a. | Bonus Rate % p.a. | Highest Rate % p.a.** |
|---|---|---|---|
| $0 to $5,000,000 | 4.85% | 0.50 | 5.35 |
| $5,000,000 + | 0.05 | N/A | 0.05 |
Important Information
- The Simple Saver bonus rate is for new customers only.
- Rate includes an additional introductory interest rate of 0.50% p.a. which will be paid for 4 months from account opening date to any new Simple Saver opened on or after 3 July 2024. The additional introductory interest only applies to account balances up to $5m per customer.
- After 4 months from the account opening date, the interest rate will revert to the Simple Saver variable interest rate.
- This offer can be amended and/or withdrawn by BOQ at any time without notice.
Fast Track Starter Account
Our youth savings account for 14 - 24 years old.
| Balance | Base + Bonus Interest variable rate % p.a.^ Applies when $200 is deposited to your linked Day2Day Plus Account, in the prior month |
Base variable rate % p.a. |
|---|---|---|
| $1 to $10,000 | 3.00 |
0.05 |
| $10,000.01 to $250,000 | 2.50 |
0.05 |
Important Information
- Deposit a minimum of $200 into your linked Day2Day Plus Account each month from an external source- like your pay; and
- Make 5 or more eligible transactions from your linked Day2Day Plus Account each month such as settled Visa Debit Card or eftpos card purchases, ATM withdrawals or direct debits
- Earn Total Interest 3.00% p.a. up to $10,000 in the following month on your Fast Track Starter Account balances
- For balances between $10,000 and $250,000 earn Total Interest 2.50%p.a. and for balances over $250,000 the Base Rate of 0.05% p.a. applies
- Your account will earn the Base Rate in the month that you open it and any month you don't meet the Bonus Criteria
- The Fast Track Starter Account will automatically convert to a Fast Track Saver Account on your 25th Birthday.
| Balance | Base + Bonus Interest variable rate % p.a.^ Applies when $1,000 is deposited to your linked Day2Day Account, in the prior month |
Base variable rate % p.a. |
|---|---|---|
| $1 to $250,000 |
2.75 |
0.05 |
Important Information
- Deposit a minimum of $1000 into your linked Day2Day Plus Account each month from an external source- like your salary; and
- Make 5 or more eligible transactions from your linked Day2Day Plus Account each month such as settled Visa Debit Card or eftpos card purchases, ATM withdrawals or direct debits
- Earn Total Interest 2.75% p.a. in the following month on your Fast Track Saver Account balances
- For balances over $250,000 the Base Rate of 0.05% p.a. applies
- Your account will earn the Base Rate in the month that you open it and any month you don't meet the Bonus Criteria
| Account type | Variable Interest rate % p.a. $0 to less than $1,999 |
Variable 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* |
Bonus Interest Savings Account
(and Kids Savings Account)
Earn bonus interest with our interest earning savings account.
| Balance | Variable Base interest rate % p.a. | Variable Base and Bonus interest rate+ % p.a. |
|---|---|---|
$1 to $4,999 |
0.05 |
2.75 |
$5,000 to $49,999 |
0.05 |
2.75 |
$50,000 and over |
0.05 |
2.75 |
Money Market Deposit Account#
Easy settlement of your trades. For BOQ Trading customers.
