Bank of Queensland savings and bank accounts

Bank of Queensland (BOQ) is a QLD-based bank with several high interest savings account options for customers.

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BOQ

Bank of Queensland savings accounts, bank accounts and term deposits

Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
Bank of Queensland Simple Saver Account
BOQ logo
Maximum Variable Rate p.a.
4.85%
Standard Variable Rate p.a.
4.85%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $5,000,000
View details
Bank of Queensland Future Saver Account - 14 to 35 years
BOQ logo
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 eligible transactions
  • Balances up to $50,000
View details
Bank of Queensland Smart Saver Account - 36+ years
BOQ logo
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 eligible purchases
  • Balances up to $250,000
View details
Bank of Queensland Kids Savings Account
BOQ logo
Maximum Variable Rate p.a.
2.75%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • No more than 1 withdrawal
View details
Bank of Queensland Superannuation Savings Account
BOQ logo
Maximum Variable Rate p.a.
3.50%
Standard Variable Rate p.a.
1.60%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
Bank of Queensland Farm Management Deposit Account - At Call
BOQ logo
Maximum Variable Rate p.a.
1.00%
Standard Variable Rate p.a.
1.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
Bank of Queensland Business WebSavings Account
BOQ logo
Maximum Variable Rate p.a.
4.25%
Standard Variable Rate p.a.
1.50%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
Bank of Queensland Business Performance Saver Account
BOQ logo
Maximum Variable Rate p.a.
1.85%
Standard Variable Rate p.a.
0.10%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $5,000
  • 5 eligible transactions
View details
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Showing 8 of 8 results
Name Monthly fee Govt. Guarantee Own network ATM fee Card type
Bank of Queensland Mortgage Offset Account
BOQ logo
Apple Pay Google Pay Samsung Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
Bank of Queensland Everyday Account
BOQ logo
Apple Pay Google Pay Samsung Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
Bank of Queensland Everyday Business Account
BOQ logo
Apple Pay Google Pay Samsung Pay
Monthly fee
$10
Government Guarantee
Own network ATM fee
$0
Card type
Visa
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Showing 3 of 3 results
Name 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 11 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Bank of Queensland Term Deposit
BOQ logo
$5,000 min. deposit$249,999 max. deposit
3 Mths p.a.
2.25%
4 Mths p.a.
4.60%
5 Mths p.a.
1.25%
6 Mths p.a.
4.70%
7 Mths p.a.
1.50%
11 Mths p.a.
1.75%
12 Mths p.a.
4.60%
24 Mths p.a.
3.30%
More Info
Bank of Queensland Premier Investment Account
BOQ logo
$5,000 min. deposit
3 Mths p.a.
2.25%
4 Mths p.a.
4.60%
5 Mths p.a.
1.25%
6 Mths p.a.
4.70%
7 Mths p.a.
1.50%
11 Mths p.a.
1.75%
12 Mths p.a.
4.60%
24 Mths p.a.
3.30%
More Info
Bank of Queensland Farm Management Term Deposit 
BOQ logo
$1,000 min. deposit
3 Mths p.a.
2.25%
4 Mths p.a.
4.60%
5 Mths p.a.
1.25%
6 Mths p.a.
4.70%
7 Mths p.a.
1.50%
11 Mths p.a.
1.75%
12 Mths p.a.
4.60%
24 Mths p.a.
3.30%
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Showing 3 of 3 results

Quick facts about Bank of Queensland

  • Bank of Queensland (BOQ) is based in Brisbane and open to customers all over Australia
  • BOQ was originally a member-owned building society, and has been a retail bank since 1942
  • BOQ owns Virgin Money and ME Bank, which both also offer a range of different savings and bank accounts

What do Australians think of Bank of Queensland (BOQ) bank account?

  • 4.14/5 overall for Customer Satisfaction — higher than the average of 4.11
  • 4.56/5 for Trust — higher than the average of 4.43
  • 4.19/5 for Customer Service — higher than the average of 4.07

Based on Bank of Queensland (BOQ) bank account scores in Finder's 2024 Customer Satisfaction Awards.

Different ways to bank with BOQ

BOQ offers many different ways to do your banking.

BOQ bank branches

BOQ has more than 250 bank branches spread across Australia (although the majority of these are in QLD).

BOQ ATM network

BOQ's ATM network includes around 3,000 ATMs in Australia. This includes the rediATM network which BOQ is part of. BOQ customers can also use their Australian debit cards to withdraw cash for free at CommBank, NAB, Westpac and ANZ ATMs throughout Australia.

BOQ Internet and mobile banking

Customers can access the BOQ Internet banking portal 24/7 to review transactions and balances, see more detailed transaction data, pay bills, transfer money between accounts and make BPAY payments. You can also view and download your statements and open new BOQ bank accounts.

The BOQ app is free to download, and has a 1.2 star rating in the App Store and a 2.4 star rating in the Google Play store. You can do your day-to-day digital banking using the app 24/7.

BOQ contactless payment options

BOQ offers Apple Pay, Google Pay and Samsung Pay to customers with a BOQ debit or credit card.

Dougal Warby's headshot

"Bank of Queensland has a fantastic savings interest rate that I've been taking advantage of for years. The small criteria of a deposit and 5 everyday transactions is very easy to meet. At the end of the day, I feel with this account I don't need to jump through hoops to get the best rate."

Publisher

Pros and cons of banking with BOQ

Pros

  • Range of accounts. BOQ offers several different savings and bank accounts to choose between, while many other banks only offer one option.
  • Bonus interest. You can earn bonus interest on your savings every month by meeting the account conditions.
  • No account keeping fees. BOQ's everyday bank account has no account keeping fees to pay.
  • Branches and ATMs. BOQ still has hundreds of branches and more than 3000 ATMs.

Cons

  • Mobile app. The BOQ mobile app has poor star ratings from users.

How to apply for a BOQ account online

You can apply for a new BOQ account online in less than 10 minutes. Just make sure you meet the eligibility criteria and have the necessary documents handy before you start your application.

Eligibility

  • You're an Australian resident for tax purposes
  • You have an Australian phone number and residential address

Documentation

  • Personal details like your name, date of birth, residential address, phone number and email address
  • ID documents such as your driver's licence, Medicare card, passport or proof-of-age card

If you haven't found what you're looking for yet, you can compare a wide range of additional savings accounts and bank accounts from other providers with Finder.

Compare other products from Bank of Queensland

Alison Banney's headshot
Written by

Editor

Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full bio

Alison's expertise
Alison has written 626 Finder guides across topics including:
  • Superannuation
  • Savings accounts, bank accounts and term deposits
  • Budgeting and money-saving hacks
  • Managing the cost of living

More guides on Finder

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24 Responses

    Default Gravatar
    JOctober 3, 2022

    what is the interest for fast tracking account?

      AvatarFinder
      AlisonOctober 29, 2022Finder

      Hi J,

      If you’re referring to BOQ’s Fast Track Saver Account, it currently offers a 2% bonus interest rate which is inclusive of a 0.05% p.a. base rate for balances over $250,000.

      Thanks,
      Alison

    Default Gravatar
    TonyApril 12, 2022

    Can you accept payments from overseas ie monthly pension?

      AvatarFinder
      AlisonApril 23, 2022Finder

      Hi Tony,

      Yes, you can make international transfers to BOQ savings and bank accounts. As the receiving bank, please note that fees may apply.

      Best,
      Alison

    Default Gravatar
    karenJanuary 16, 2019

    Do you waive atm fees like ING?

      AvatarFinder
      JohnJanuary 17, 2019Finder

      Hi Karen,

      Thank you for reaching out to Finder.

      Currently, Bank of Queensland-operated ATMs are still charging a $2 withdrawal fee to non-bank customers, and the same applies for ATMs operated by Suncorp and credit union BCU. You may want to check our article about banks’ ATM fees. Hope this helps!

      Cheers,
      Reggie

    Default Gravatar
    N@JADecember 8, 2018

    Hi ,we are customers of BOQ, can we buy shares in BOQ through the Bank, thank’s Ned

      AvatarFinder
      JohnDecember 12, 2018Finder

      Hi N@JA Distefano,

      Thank you for reaching out to finder.

      The only way to sell your shares is through the Australian Securities Exchange (ASX) using a broker. In case you don’t have your own broker, the ASX website contains useful information on brokers and comprehensive lists to help you choose a broker that best suits your needs. Hope this helps!

      Cheers,
      Reggie

    Default Gravatar
    GregMarch 19, 2018

    When will BOQ have Apple pay?

      Default Gravatar
      NikkiMarch 23, 2018

      Hi Greg!

      Thanks for your questions and for visiting finder – a leading comparison website and general information service built to give you advice on your buying decision needs.

      Regarding your question, our access to this information is very limited. Please note that we’re a product comparison website and we hold no affiliation with any company we feature on our site. We provide general information on products to assist you in your buying decision process hence we cannot recommend product/service that is rightfully fit for you.

      We suggest contacting BAQ’s contact center to ask about this concern.

      Thanks and best regards,

      Nikki

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