BOQ Savings Account Rates

Neo

BOQ offers three current savings accounts, age-segmented. The Future Saver Account (ages 14-35) and Smart Saver Account (36 and over) both require a $1,000 deposit from an external account plus 5 eligible transactions each month to earn the bonus rate — miss a month and the balance earns only the base rate the following month. The Simple Saver Account has no conditions at all: a flat rate with no linked account or transaction requirements, on a combined balance across all your Simple Saver accounts up to $5,000,000. BOQ also previously offered a Kids Savings Account for under-14s, but it's no longer available to new customers.

Deposits with BOQ are protected under the Financial Claims Scheme up to $250,000 per account holder per ADI.

Savings Accounts

Future Saver Account

View on bank website ↗ 14+ Under 35

5.60% p.a.

ongoing rate

Rate breakdown

Base rate: 0.05%

Bonus rate: + 5.55%

How to earn it

To activate the bonus interest on your Future Saver Account/s, you will need to meet bonus interest criteria each month to qualify for bonus interest the following month. Deposit at least $1,000 a month into your linked Everyday transaction account from another Australian bank. (Funds transferred from BOQ accounts, cash and cheque and international deposits won't count.)Complete at least 5 transactions each month. Eligible transactions include direct debit payments, ATM withdrawals (not deposits

5.60% for balances up to $50,000
3.10% for balances $50,000–$250,000
0.05% for balances $250,000–$5,000,000

Rate current since 27 Jun 2026.

Smart Saver Account

View on bank website ↗ 36+

5.40% p.a.

ongoing rate

Rate breakdown

Base rate: 0.05%

Bonus rate: + 5.35%

How to earn it

To activate bonus interest on your Smart Saver Account/s, you will need to meet bonus interest criteria each month to qualify for bonus interest the following month. AgeMonthly criteria36 years+ Deposit $1000 from an external account into your linked Everyday Account and make 5 eligible transactions that clear within the month. An external account is any Australian non-myBOQ account. A deposit from an external account includes wages paid by an employer from an Australian account. Cash and cheque

5.40% up to $250,000, then 0.05% above that

Rate current since 27 Jun 2026.

Simple Saver Account

View on bank website ↗ 14+

4.80% p.a.

ongoing rate

Rate breakdown

Base rate: 4.80%

How to earn it

No conditions

Rate current since 5 Jun 2026.

Get alerted when BOQ changes their rate

We'll email you when any BOQ savings rate changes. No spam, unsubscribe any time.

The information on this page is general in nature and does not constitute financial advice. Rates are subject to change — verify directly with the provider before making a financial decision.