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The BOQ Fast Track Starter Account is a high interest savings account for Australians aged 14-24 years old. The account offers an ongoing maximum bonus rate of 3% p.a. on balances up to $10,000. To earn this maximum bonus rate you need to link to a BOQ Day2Day Plus Account, deposit at least $200 a month and make 5 or more eligible transactions from the Day2Day Plus account each month . Balances over $10,000 stand to earn up to 1.05% p.a.
If you’re 25 or older, you’ll receive a BOQ Fast Track Saver Account instead, which offers a maximum bonus rate of 1.05% p.a. when you meet the account conditions.
$200
Minimum deposit
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Product Name | Bank of Queensland Fast Track Starter Account (for 14-24 year olds only) |
---|---|
Maximum Variable Rate | 3% p.a. |
Standard Variable Rate | 0.05% |
Monthly Account Fee | $0 |
Minimum Opening Deposit | $0 |
Minimum Age | 14 |
Review by
Alison Banney is the banking and investments editor at Finder. She has written about finance for over six years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.
This account offers bonus interest each month you meet the account conditions. If you don’t meet the deposit conditions and transaction requirement one month, you’ll still be eligible for bonus interest the next month if you meet the criteria.