BOQ
Finder makes money from featured partners, but editorial opinions are our own.

Bank of Queensland savings and bank accounts

Bank of Queensland (BOQ) is a QLD-based bank with several high interest savings account options for customers.

No reviews yet. Write a review

Savings Bank Customer Satisfaction finalist:

Bank of Queensland

Bank of Queensland took third place in our everyday banking category this year, with 86% of the users that we surveyed saying they'd recommend the bank to a friend. Its customer satisfaction rating was 4.10 out of 5. Find more about Finder Banking Satisfaction Awards 2022.

Picture not described

Bank of Queensland savings accounts, bank accounts and term deposits

1 - 8 of 8
Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro Period Government Guarantee Monthly Max Rate Conditions
Bank of Queensland Future Saver Account - 14 to 35 years
Finder Award
Maximum Variable Rate p.a.
5.40%
Standard Variable Rate p.a.
0.05%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 eligible transactions
Go to siteView details
Bank of Queensland Smart Saver Account - 36+ years
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
0.05%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 eligible purchases
Go to siteView details
Bank of Queensland Simple Saver Account
Maximum Variable Rate p.a.
4.85%
Standard Variable Rate p.a.
4.85%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
Bank of Queensland Kids Savings Account
Maximum Variable Rate p.a.
2.75%
Standard Variable Rate p.a.
0.05%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
Bank of Queensland Money Market Deposit Account
Maximum Variable Rate p.a.
4.00%
Standard Variable Rate p.a.
4.00%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
Bank of Queensland Superannuation Savings Account
Maximum Variable Rate p.a.
3.00%
Standard Variable Rate p.a.
1.50%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
Bank of Queensland Farm Management Deposit Account - At Call
Maximum Variable Rate p.a.
1.00%
Standard Variable Rate p.a.
1.00%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
Bank of Queensland Business WebSavings Account
Maximum Variable Rate p.a.
4.25%
Standard Variable Rate p.a.
1.35%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
loading
Showing 8 of 8 results
1 - 2 of 2
Name Monthly fee Govt. Guarantee Own network ATM fee Card type
Bank of Queensland Mortgage Offset Account
Apple Pay Google Pay Samsung Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
Bank of Queensland Everyday Account
Apple Pay Google Pay Samsung Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
loading
Showing 2 of 2 results
1 - 3 of 3
Name 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Bank of Queensland Term Deposit
$5,000 min. deposit$249,999 max. deposit
3 Mths p.a.
2.25%
4 Mths p.a.
4.40%
5 Mths p.a.
1.25%
6 Mths p.a.
5.05%
7 Mths p.a.
1.50%
12 Mths p.a.
5.10%
24 Mths p.a.
4.20%
More Info
Bank of Queensland Premier Investment Account
$5,000 min. deposit
3 Mths p.a.
2.25%
4 Mths p.a.
4.40%
5 Mths p.a.
1.25%
6 Mths p.a.
5.05%
7 Mths p.a.
1.50%
12 Mths p.a.
5.10%
24 Mths p.a.
4.20%
More Info
Bank of Queensland Farm Management Term Deposit 
$1,000 min. deposit
3 Mths p.a.
2.25%
4 Mths p.a.
4.40%
5 Mths p.a.
1.25%
6 Mths p.a.
5.05%
7 Mths p.a.
1.50%
12 Mths p.a.
5.10%
24 Mths p.a.
4.20%
loading
Showing 3 of 3 results
1 - 8 of 8
Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro Period Government Guarantee Monthly Max Rate Conditions
Bank of Queensland Future Saver Account - 14 to 35 years
Finder Award
Maximum Variable Rate p.a.
5.40%
Standard Variable Rate p.a.
0.05%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 eligible transactions
Go to siteView details
Bank of Queensland Smart Saver Account - 36+ years
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
0.05%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 eligible purchases
Go to siteView details
Bank of Queensland Simple Saver Account
Maximum Variable Rate p.a.
4.85%
Standard Variable Rate p.a.
4.85%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
Bank of Queensland Kids Savings Account
Maximum Variable Rate p.a.
2.75%
Standard Variable Rate p.a.
0.05%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
Bank of Queensland Money Market Deposit Account
Maximum Variable Rate p.a.
4.00%
Standard Variable Rate p.a.
4.00%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
Bank of Queensland Superannuation Savings Account
Maximum Variable Rate p.a.
3.00%
Standard Variable Rate p.a.
1.50%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
Bank of Queensland Farm Management Deposit Account - At Call
Maximum Variable Rate p.a.
1.00%
Standard Variable Rate p.a.
1.00%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
Bank of Queensland Business WebSavings Account
Maximum Variable Rate p.a.
4.25%
Standard Variable Rate p.a.
1.35%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
loading
Showing 8 of 8 results
1 - 2 of 2
Name Monthly fee Govt. Guarantee Own network ATM fee Card type
Bank of Queensland Mortgage Offset Account
Apple Pay Google Pay Samsung Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
Bank of Queensland Everyday Account
Apple Pay Google Pay Samsung Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
loading
Showing 2 of 2 results
1 - 3 of 3
Name 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Bank of Queensland Term Deposit
$5,000 min. deposit$249,999 max. deposit
3 Mths p.a.
2.25%
4 Mths p.a.
4.40%
5 Mths p.a.
1.25%
6 Mths p.a.
5.05%
7 Mths p.a.
1.50%
12 Mths p.a.
5.10%
24 Mths p.a.
4.20%
More Info
Bank of Queensland Premier Investment Account
$5,000 min. deposit
3 Mths p.a.
2.25%
4 Mths p.a.
4.40%
5 Mths p.a.
1.25%
6 Mths p.a.
5.05%
7 Mths p.a.
1.50%
12 Mths p.a.
5.10%
24 Mths p.a.
4.20%
More Info
Bank of Queensland Farm Management Term Deposit 
$1,000 min. deposit
3 Mths p.a.
2.25%
4 Mths p.a.
4.40%
5 Mths p.a.
1.25%
6 Mths p.a.
5.05%
7 Mths p.a.
1.50%
12 Mths p.a.
5.10%
24 Mths p.a.
4.20%
loading
Showing 3 of 3 results

Quick facts about Bank of Queensland

  • Bank of Queensland (BOQ) is based in Brisbane and open to customers all over Australia
  • BOQ was originally a member-owned building society, and has been a retail bank since 1942
  • BOQ owns Virgin Money and ME Bank, which both also offer a range of different savings and bank accounts

Different ways to bank with BOQ

BOQ offers many different ways to do your banking.

BOQ bank branches

BOQ has more than 250 bank branches spread across Australia (although the majority of these are in QLD).

BOQ ATM network

BOQ's ATM network includes around 3,000 ATMs in Australia. This includes the rediATM network which BOQ is part of. BOQ customers can also use their Australian debit cards to withdraw cash for free at CommBank, NAB, Westpac and ANZ ATMs throughout Australia.

BOQ Internet and mobile banking

Customers can access the BOQ Internet banking portal 24/7 to review transactions and balances, see more detailed transaction data, pay bills, transfer money between accounts and make BPAY payments. You can also view and download your statements and open new BOQ bank accounts.

The BOQ app is free to download, and has a 1.2 star rating in the App Store and a 2.4 star rating in the Google Play store. You can do your day-to-day digital banking using the app 24/7.

BOQ contactless payment options

BOQ offers Apple Pay, Google Pay and Samsung Pay to customers with a BOQ debit or credit card.

Pros and cons of banking with BOQ

Pros

  • Range of accounts. BOQ offers several different savings and bank accounts to choose between, while many other banks only offer one option.
  • Bonus interest. You can earn bonus interest on your savings every month by meeting the account conditions.
  • No account keeping fees. BOQ's everyday bank account has no account keeping fees to pay.
  • Branches and ATMs. BOQ still has hundreds of branches and more than 3000 ATMs.

Cons

  • Mobile app. The BOQ mobile app has poor star ratings from users.

How to apply for a BOQ account online

You can apply for a new BOQ account online in less than 10 minutes. Just make sure you meet the eligibility criteria and have the necessary documents handy before you start your application.

Eligibility

  • You're an Australian resident for tax purposes
  • You have an Australian phone number and residential address

Documentation

  • Personal details like your name, date of birth, residential address, phone number and email address
  • ID documents such as your driver's licence, Medicare card, passport or proof-of-age card

If you haven't found what you're looking for yet, you can compare a wide range of additional savings accounts and bank accounts from other providers with Finder.

More guides on Finder

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

18 Responses

    Default Gravatar
    ChrisAugust 29, 2023

    Does boq do cardless cash please

      AvatarFinder
      RajAugust 30, 2023Finder

      Hi Chris,
      Bank of Queensland does not offer cardless cash. If you would like to find a bank that does offer cardless cash, then have a look at this page.

      Thanks
      Raj

    Default Gravatar
    NormanFebruary 10, 2023

    What is the current % payable per month on my fast track account

      AvatarFinder
      AlisonFebruary 22, 2023Finder

      Hi Norman,

      The current rate for the Fast Track account is 2.25% p.a. (as of 22 Feb 2023). Note that this account can no longer be opened by new customers.

      Thanks,
      Alison.

    Default Gravatar
    JOctober 3, 2022

    what is the interest for fast tracking account?

      AvatarFinder
      AlisonOctober 29, 2022Finder

      Hi J,

      If you’re referring to BOQ’s Fast Track Saver Account, it currently offers a 2% bonus interest rate which is inclusive of a 0.05% p.a. base rate for balances over $250,000.

      Thanks,
      Alison

    Default Gravatar
    TonyApril 12, 2022

    Can you accept payments from overseas ie monthly pension?

      AvatarFinder
      AlisonApril 23, 2022Finder

      Hi Tony,

      Yes, you can make international transfers to BOQ savings and bank accounts. As the receiving bank, please note that fees may apply.

      Best,
      Alison

    Default Gravatar
    karenJanuary 16, 2019

    Do you waive atm fees like ING?

      AvatarFinder
      JohnJanuary 17, 2019Finder

      Hi Karen,

      Thank you for reaching out to Finder.

      Currently, Bank of Queensland-operated ATMs are still charging a $2 withdrawal fee to non-bank customers, and the same applies for ATMs operated by Suncorp and credit union BCU. You may want to check our article about banks’ ATM fees. Hope this helps!

      Cheers,
      Reggie

Go to site