Bank of Queensland Future Saver Account (14-35 year olds)

The Future Saver Account has a high ongoing bonus rate of 2% p.a on balances up to $50,000 for customers under 35.

This savings account offers a competitive total bonus rate of 2% p.a.for customers aged 14-35 when the monthly criteria is met. To earn this rate you need to deposit $1000 a month and make 5 or more eligible purchases from your linked Bank of Queensland Everyday Account.

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2.00% p.a.

Maximum variable rate

0.05%p.a.

Base interest rate

$1,000

Minimum deposit

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Details

Product NameBank of Queensland Future Saver Account - 14 to 35 years
Maximum Variable Rate2.00% p.a.
Standard Variable Rate0.05% p.a.
Monthly Account Fee$0
Minimum Age14

Expert review

This is one of the best bonus rates available on the market if you’re aged between 14 and 35. Compared to other young adult savings accounts with similar rates, the monthly conditions aren’t too complicated either.

You do need to deposit $1000 a month, so make sure this is something you can realistically do monthly before choosing this account. Otherwise you’ll only earn the standard rate which is very low.

The total bonus rate is available on balances up to $50,000, which is higher than other young adult savings accounts too. If your balance is above this it’ll earn a slightly lower bonus rate instead.

Key features

Ongoing bonus rate up to 2% p.a.

This account offers a competitive ongoing bonus rate of up to 2% for customers aged 14-35. To earn the full bonus rate you need to:

  • Deposit at least $1,000 into your linked Bank of Queensland Everyday Account each month
  • Make at least 5 eligible transactions from your Everyday Account each month

If you're aged 14-17 there's no monthly criteria to meet.

If you don't meet the account conditions one month you'll only earn the standard variable rate of 0.05% p.a that month. The bonus rate is available on balances up to $50,000.

Are you over 35?

If you're over 35 you can open the Bank of Queensland Smart Saver Account instead, which offers an ongoing bonus rate of up to 0.8% p.a. The monthly criteria for this account are the same as the Future Saver Account (stated above).

Launch savings calculator


How to apply

You can apply online in less than 10 minutes. When applying for the Bank of Queensland Future Saver Account, you'll receive a Bank of Queensland Everyday Account too if you don't already have one.

Eligibility

  • Minimum age. You must be between 14-35 years old.
  • Residency. You must have an Australian residential address.

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