BOQ Kids Savings Account

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Kids Savings Account is a savings account from BOQ. It pays 1.25% p.a. in a month in which the conditions below are met and 0.05% when they are not.

Rate tiers

Every balance band in the bank's feed: base is the rate when the bonus conditions are not all met, bonus the add-on for meeting them, conditional the two together.

The bonus rate is the whole rate paid in a month in which the conditions are met, in place of the base rate, as the feed states it; conditional is that rate.

The feed states no cap on the balance that earns the bonus.

Conditions

For the bonus rate

• Calculated daily and paid monthly. Total interest rate will be 1.25% p.a. (1.20% p.a. Bonus Interest + 0.05% p.a. Variable base rate) if no more than one (1) withdrawal is made during a calendar month. Calculated daily and paid monthly.

Other conditions

• not updated by the bank since 2026-03-13, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed
• no longer sold; information for existing account holders only

Features

Other features, in the bank's words:

• Kids receive statements in their name, so they can watch their savings grow
• Linked parents or guardians have full access to the account
• Your child can make branch deposits, but all other account access by your child is restricted
• Kids receive their own deposit book and wallet to track their savings
• Receive a high rate of interest on your kid's savings account

Fees, limits and who can open it

monthly fee

no monthly fee stated

interest paid

monthly

interest calculated

daily

age

up to age 14

open to

personal customers

age limited

open only to people of certain ages (kids, youth or seniors accounts)

linked account

a linked transaction account with the same bank is required

existing customers

existing customers only

Who can open it, in the bank's own words:

• age 14 and under: To apply for a Kids Account (under 14 years of age) the parent/guardian and the account holder (minor) must both be identified

About this account

It's never too early to teach kids to save! Encourage the right saving behaviour for children under 14 with a children's savings account held in their name. Make one withdrawal a month and still earn Bonus Interest variable rate. Start earning high interest from the first dollar. Deposit only access for the linked child. Manage the account on your internet banking.

Data

• BOQ's own page for this account.
• The bank's documents its product record links to: terms and conditions, fees, eligibility.
• Our verbatim snapshot of the bank's product record (source), as fetched on 22 October 2026.
• We read the bank's own page and terms against this page on 1 November 2026: kids-savings-account, compare-savings-accounts, deposit-products-terms-and-conditions.pdf; conditions they state and its feed does not are listed above.
• /au/finance/savings-accounts/v1/brands/bank-of-queensland-limited.json: this bank's accounts and every balance band as JSON; BOQ's page lists them.
• The bank last updated this record on 13 March 2026. Rates are per annum as the bank states them; "stale" means the bank has not updated the record for over 60 days or since the latest cash rate change.

Other accounts at BOQ

• Business WebSavings Account savings account, 1.50% base at $50,000
• Simple Saver Account savings account, 5.20% base at $50,000
• Future Saver Account savings account
• Smart Saver Account savings account
• Day2Day Plus Accountstale transaction account
• Everyday Accountstale transaction account
• Everyday Business Accountstale transaction account

All of BOQ's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.