The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.
We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?
Want more interest on your savings?
Compare now and find a better rate.
We assess multiple product features for transaction accounts from over 100 providers and assign each product a score out of 10.
Looking for a better bank account?
Compare everyday accounts and find one that works harder for you.
Finder Score assigns Term Deposit products a score out of 10, comparing interest rates and features, to make comparison easier. We assess over 150 products from more than 90 providers, assessing products across different terms to determine an average score per product.
Lock in a great rate
Compare term deposits to grow your savings with confidence.
The Bank of Queensland Simple Saver Account was highly commended for Best No Conditions Savings Account in the 2026 Finder Awards.
Full list of 2026 winnersApplying online for a new bank account is fast and easy. You'll need identity documents such as your driving licence or passport. For more about the process, check out our full guide to opening an account online.
The Bank of Queensland Smart Saver Account has an ongoing bonus rate on balances up to $250,000 for customers over 36.
The Everyday Account has no monthly account keeping fees, spend tracking features and instant payments via PayID.
The Bank of Queensland Superannuation Savings Account gives you a bonus introductory period and the ability to withdraw your SMSF’s savings without restriction.
An offset Account linked to your personal Bank of Queensland home loan gives you access to your savings while they work to reduce your mortgage balance.
A premier high interest savings account may be just what you need in order to reach your future financial goals.
With a small nest egg Bank of Queensland allows you to make good progress with your savings goals by providing flexible terms and a competitive interest rate.
does Bank of Queensland use OSKO or PayID
Hi Peter,
BOQ offers account-to-account transfers (Pay Anyone) to a PayID, and other one-off or scheduled payments (for example, direct debits and payroll payments by businesses) made through NPP/Osko.
WHAT IS THE INTEREST RATE FOR $250.000….
Hi Nick, That rate would vary depending on which of these accounts you picked, and if you met the eligibility and terms – but across the main BOQ accounts, it varies between 4.85% and 5.5% right now. You might find it useful to compare high-interest savings accounts more broadly with our main guide. Hope this helps.
Do you issue cheque books with any of your accounts?
Hi Helen,
We’re a review and comparison site, we’re not directly affiliated with BOQ so we can’t offer customer service. Your best bet is to contact them directly with this enquiry: 1300 557 272.
Best of luck!
has BOQ term deposit interest changed since new interest rate .
i am looking 2.000.00 deposit, thank you Tony
Hi Tony,
When the rate decision was announced, BOQ released a statement confirming home loans would increase by 0.25%.
On savings accounts, they stated: BOQ understands the ongoing challenges this environment has presented to household budgets. To help customers build up their savings, we have continued to reward them with competitive rates.
This indicates they did not increase interest rates on savings accounts in November.
You can read the full statement here: https://www.boq.com.au/About-us/media-centre/media-releases/2023/november-rba-decision
Hope this helps!
Does boq do cardless cash please
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