BOQ Simple Saver Account
savings accountterms checked
Simple Saver Account is a savings account from BOQ. At $50,000 it pays 5.20% p.a. with no bonus conditions; a bonus rate of 5.75% for the first 4 months (0.55% above the base rate).
Rate tiers
Every balance band in the bank's feed: base is the rate the bank pays, intro the rate in the introductory period.
| Balance | Base | Intro |
|---|---|---|
| $1 – $5,000,000 | 5.20% | 5.75% |
| $5,000,000.01+ | 0.05% | 0.60% |
Each rate is paid on the whole balance: the balance falls into one band and earns that band's rate.
The bank's feed calls the intro column a bonus rate: an add-on to the base rate for the first 4 months of a new account; after it the account pays its base rate, 5.20% at $50,000.
The feed states a minimum balance of $1.
Conditions
Introductory rate conditions: For newly opened accounts, 0.55% will be applied to the account for the first 4 months.
Features
- app
- yes
- PayID
- yes
Other features, in the bank's words:
- Earn interest with an ongoing interest rate, with no monthly criteria and no minimum deposit
- All deposits up to $250,000 are protected by the Federal Government's deposit guarantee, so your savings are secure with us
- $0 account maintenance fees
- Make every cent count. Open multiple Simple Saver accounts to manage your savings across multiple goals.
Fees, limits and who can open it
- monthly fee
- $0
- other fees named
- Debit Interest Rate (applied to overdrawn Accounts) (no amount in the feed)
- minimum balance
- $1
- interest paid
- monthly
- interest calculated
- daily
- age
- ages 14 and over
- open to
- personal customers
Who can open it, in the bank's own words:
- A smartphone that supports iOS 12.0+ or Android 8.0+.
- An Australian mobile number
- An Australian drivers licence or Australian passport or Medicare card
- An Australian residential address
- residency: A citizen or permanent resident of Australia: Resident or Citizen
About this account
No hoops and no fuss when you just want to save. Simply sit back and watch your savings grow.
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 13 November 2026.
- We read the bank's own page and terms against this page on 1 November 2026: savings-account-interest-rates, tmd-the-simple-saver.pdf, myboq-deposit-accounts-general-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 11 November 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
- Kids Savings Accountstale savings account, 1.25% conditional 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.
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