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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.

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Bank of Queensland savings accounts, bank accounts and term deposits

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.
5.50%
Standard Variable Rate p.a.
0.05%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 eligible transactions
  • Balances up to $50,000
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
  • Balances up to $5,000,000
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
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 Superannuation Savings Account
Maximum Variable Rate p.a.
3.50%
Standard Variable Rate p.a.
1.60%
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.
1.50%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
Bank of Queensland Business Performance Saver Account
Maximum Variable Rate p.a.
1.85%
Standard Variable Rate p.a.
0.10%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $5,000
  • 5 eligible transactions
View details
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Showing 8 of 8 results
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
Bank of Queensland Everyday Business Account
Apple Pay Google Pay Samsung Pay
Monthly fee
$10
Government Guarantee
Own network ATM fee
$0
Card type
Visa
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Showing 3 of 3 results
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.
4.60%
5 Mths p.a.
1.25%
6 Mths p.a.
4.90%
7 Mths p.a.
1.50%
12 Mths p.a.
4.95%
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.
4.60%
5 Mths p.a.
1.25%
6 Mths p.a.
4.90%
7 Mths p.a.
1.50%
12 Mths p.a.
4.95%
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.
4.60%
5 Mths p.a.
1.25%
6 Mths p.a.
4.90%
7 Mths p.a.
1.50%
12 Mths p.a.
4.95%
24 Mths p.a.
4.20%
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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.

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20 Responses

    Default Gravatar
    TonyNovember 13, 2023

    has BOQ term deposit interest changed since new interest rate .
    i am looking 2.000.00 deposit, thank you Tony

      AvatarFinder
      SarahDecember 14, 2023Finder

      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!

    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

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