Bank of Queensland Smart Saver Account (36+ year olds)

The Smart Saver Account has an ongoing bonus rate of 0.8% p.a on balances up to $250,000 for customers aged 36 or older.

This savings account offers a total bonus rate of 0.8% p.a.for customers aged 36+ 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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0.80% 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 Smart Saver Account - 36+ years
Maximum Variable Rate0.80% p.a.
Standard Variable Rate0.05% p.a.
Monthly Account Fee$0
Minimum Age36

Expert review

This savings account is for customers aged 36 or older and offers an ongoing bonus rate of 0.8% p.a. This rate is quite standard for the market at the moment - it’s higher than a lot of the big banks but not as competitive as some other savings accounts in the market.

The monthly criteria isn’t too complicated or difficult to meet: you need to deposit $1,000 a month and make 5 transactions from the Everyday Account.

If you’re under 36 you can get a market-leading rate of 2% p.a. with the Bank of Queensland Future Saver Account instead.

Key features

Ongoing bonus rate up to 0.8% p.a.

This account offers an ongoing bonus rate of up to 0.8% p.a. for customers aged 36+. To earn the full bonus rate you need to:

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 $250,000.

Are you under 36?

If you're aged 14-35 you can earn a higher bonus rate of up to 2% p.a. with the Bank of Queensland Future Saver Account instead. The monthly criteria for this account are the same as the Future Saver Account (stated above) unless you're aged 14-17, and no criteria needs to be met.

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How to apply

You can apply online in less than 10 minutes. When applying for the Bank of Queensland Smart 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 36 or older.
  • Residency. You must have an Australian residential address.

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