In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
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Bank of Queensland Future Saver Account (14-35 year olds)

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Bank of Queensland Future Saver Account - 14 to 35 years
Maximum variable rate
5.50% p.a.
Base interest rate
Minimum deposit

Our verdict

This account has a high ongoing bonus rate of 5.5% p.a on balances up to $50,000 for customers under 35.

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Finder Awards winner

This is one of the best bonus rates available on the market if you’re aged between 14 and 35. This is why the account was the winner of the Best Savings Account - Young Adult category in the 2022 Finder Awards.

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.


  • High ongoing bonus rate available
  • Make withdrawals and still earn bonus interest
  • Set personal savings goals and track your progress
  • Deposit condition to achieve bonus interest is lower than some other savings accounts
  • Won Best Young Adult Savings Account in 2023 Finder Awards


  • Age restrictions
  • The $1000 monthly deposit condition may be challenging for some people to meet
  • The total bonus rate isn't available in balances over $50,000

In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Your reviews
  • Ask a question


Key details

Product Name Bank of Queensland Future Saver Account - 14 to 35 years
Maximum Variable Rate 5.50% p.a.
Standard Variable Rate 0.05% p.a.
Monthly Account Fee $0
Minimum Age 14

Key features

Ongoing bonus rate up to 5.5% p.a.

This account offers a competitive ongoing bonus rate of up to 5.5% 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 5% 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.


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

Your reviews

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August 29, 2023


Can you open a joint account?


Raj Lal Finder

August 30, 2023

Hi Dennis,

Yes you can open a joint account.





June 05, 2023

Hi Alison, how is interest calculated? For example, can I deposit $1500 before the start of the month and I’ll get 5.30% on that? Or does it have to sit for longer? (Assuming bonus criteria is met)


Alison Banney Finder

June 08, 2023

Hi Zoe, interest is calculated on your daily balance and paid monthly.



May 25, 2023

I am 35 years old. If I open an account. How would I calculate the interest rate for the following year?


Alison Banney Finder

June 22, 2023

Hi Michael, your account will automatically convert to a Smart Saver Account when you turn 36 (see Smart Saver rates here:

The interest will be determined according to Smart Saver rates for the month following your birthday.



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February 01, 2023

Is there a difference between “deposit $1000” and “grow account”? If I deposit $1000 then withdraw it, does that still count as it doesn’t say it needs to remain in the account.


Alison Banney Finder

February 22, 2023

Hi Mitch,

You need to ensure $1000 is deposited into your account (from an external source) each month to meet the condition. You are able to withdraw the money again after depositing.





December 20, 2022

For a joint account to receive a max interest of 4.75 %, can one of the account holders be above 35 years and one be between 14 and 35 years?


Alison Banney Finder

February 23, 2023

Hi Melville,

Both account holders need to be aged 14-35 to open a Future Saver Account. Customers aged 35+ will instead be given a Smart Saver account.



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