7.8 / 10

based on 3418 Bank of Queensland reviews as rated by Mozo community

Bank of Queensland savings accounts

Bank of Queensland is Australia's fastest growing retail bank, and has come a long way from its origins as a regional Queensland bank. BOQ today boasts a wide array of banking services and 200 branches around Australia. Bank of Queensland aims to give you greater control over the management of your finances and offers everyday banking products including credit cards, home loans, term deposits, savings accounts and bank accounts.

Bank of Queensland offers the following savings accounts

Rates and fees verified as correct at 09 May, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate Maximum rate Govt deposit guarantee  
Bonus Interest Savings Account

0.05% p.a.(for $1 and over)

0.55% p.a. (for $1 and over)

Yes up to $250,000

Cash Management

0.10% p.a.(for $1 to $100,000)

No Current Offer

Yes up to $250,000

Fast Track Saver Account

0.05% p.a.(for $1 and over)

1.05% p.a. (for $1 to $250,000)

Yes up to $250,000

Go to site
Fast Track Starter Account (14 to 24 years)

0.05% p.a.(for $1 and over)

3.00% p.a. (for $1 to $10,000)

Yes up to $250,000

Go to site
WebSavings Account

0.05% p.a.(for $2,000 and over)

0.55% p.a. (for $2,000 and over)

Yes up to $250,000

How are Bank of Queensland savings accounts rated?

Mozo users have rated Bank of Queensland savings accounts on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of savings-accounts
Bank of Queensland savings accounts
Overall
7.8/10
Price
Features
Customer service
Convenience
Trust

1058 Reviews

Recent Bank of Queensland savings account reviews

Bank of Queensland Savings Account review
Overall 1/10
Online facilities very poor indeed.

Transfers have to be made with a token but after only three withdrawals over a couple of years it failed to work. The response by call centre was that I needed to call into my branch. I live mid north coast and nearest branch is Newcastle which is at least an hour drive away. No facility online to order a new one. Other possibility was to set up an app on the phone. However this could not be done online and I had to wait to receive a NoCaller ID phone call. If you do not answer two calls the request is cancelled. The answer to every question is "Go into your branch". This bank appears to be living in the dark ages before online banking by every other bank I deal with became so easy. I have not been advised to "go into your branch" for many years now and certainly not in recent COVID times. I am now cancelling my accounts as evidently the customer is not of value to the Bank of Queensland. Additionally, the online portal gives minimal information and that includes no interest rate shown.

Read full review

Transfers have to be made with a token but after only three withdrawals over a couple of years it failed to work. The response by call centre was that I needed to call into my branch. I live mid north coast and nearest branch is Newcastle which is at least an hour drive away. No facility online to order a new one. Other possibility was to set up an app on the phone. However this could not be done online and I had to wait to receive a NoCaller ID phone call. If you do not answer two calls the request is cancelled. The answer to every question is "Go into your branch". This bank appears to be living in the dark ages before online banking by every other bank I deal with became so easy. I have not been advised to "go into your branch" for many years now and certainly not in recent COVID times. I am now cancelling my accounts as evidently the customer is not of value to the Bank of Queensland. Additionally, the online portal gives minimal information and that includes no interest rate shown.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Less
Wendy, New South Wales, reviewed 3 days ago
Bank of Queensland Savings Account review
Overall 10/10
Best bank for all.

This is a private owned bank and I highly recommend them.

Read full review

This is a private owned bank and I highly recommend them.

Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Graeme, Queensland, reviewed 21 days ago
Bank of Queensland Savings Account review
Overall 10/10
Excellent service and easy access to help

Easy to deal with and understand

Read full review

Easy to deal with and understand

Price
10/10
Features
10/10
Customer service
10/10
Convenience
7/10
Trust
10/10
Less
Bernard, Queensland, reviewed about 2 months ago
Bank of Queensland Savings Account review
Overall 10/10
Best bank for all.

I have had several banks over the years and find the Bank of Queensland to be the best of all of them.

Read full review

I have had several banks over the years and find the Bank of Queensland to be the best of all of them.

Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Graeme, South Australia, reviewed about 2 months ago

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Savings account quick links