If you’re ready to kickstart your savings with a bang, why not check out the Bank of Queensland Fast Track Saver Account - winner of a 2020 Mozo Experts Choice Award in the best Regular Saver category.
With an ongoing 1.05% p.a. bonus interest rate up for grabs on balances up to $250,000 (if $1,000 or more is credited to the linked Day2Day Plus account in the previous month and 5 eligible transactions are made by the linked account), you have the chance to be rewarded for your hard earnings savings while paying no account fees. And if you need to make multiple withdrawals or deposits every month, you can do so for free!
The Bank of Queensland Fast Track Saver Account features an ongoing bonus rate of 1.05% p.a., on balances starting from $1 right up to $250,000, so long as you meet the minimum requirement of depositing $1,000 or more into your linked Day2Day Plus Account during the previous month. You also won’t have to worry about any fees, as this account comes with no account maintenance fees.
Additionally, this account offers unlimited free transactions from branch withdrawal, branch deposit and via the internet, so you'll have the freedom to make as many deposits and withdrawals as you like.
If you’re between the ages of 14-24, you could be eligible to apply for the Fast Track Starter Account, which features a whopping bonus rate of 3.00% p.a. (conditions may apply).
The Bank of Queensland Fast Track Saver Account could be a great choice for Aussies who have a tendency to dip into their savings frequently and who'll be able to meet the bonus rate requirements each month.
If you ever need to withdraw cash from your account, keep in mind that the Fast Track Saver Account doesn’t offer ATM withdrawals.
Balances from $1: 0.05% p.a.
Balances from $1: 1.05% p.a.
Balances from $250,000: 0.05% p.a.
Ongoing bonus rate applied if in the previous month $1,000 or more is credited to the linked Day2Day Plus account and 5 eligible transactions are made by the linked account.
$0.00
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unlimited free transactions from branch withdrawal, branch deposit, internet.
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$0.00
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$1.00
$1.00
Monthly
no
none
no
no
no
yes
no
no
yes
yes
no
Bonus interest rate criteria is effective from 1 February 2020.
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Very good account, competitive interest rate. Online banking not very user friendly and efficient.
Read full reviewVery good account, competitive interest rate. Online banking not very user friendly and efficient.
Bank of Queensland offered me a competitive interesting savings rate compared with the traditional big 4 banks which I have been a customer of for many years. However the app and internet banking userface needs to be updated to compete with those of the bigger banks which are very quick and easy to use.
Read full reviewBank of Queensland offered me a competitive interesting savings rate compared with the traditional big 4 banks which I have been a customer of for many years. However the app and internet banking userface needs to be updated to compete with those of the bigger banks which are very quick and easy to use.
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
Fast Track Starter Account
0.05% p.a.(for $1 and over)
3.00% p.a. (for $1 to $10,000)
Yes up to $250,000
MyState Bank
Bonus Saver Account
1.35% p.a. (for $0 to $250,000)
0.15% p.a.(for $0 and over)
Yes up to $250,000
Bankwest
Hero Saver
0.90% p.a. (for $0 to $250,001)
0.01% p.a.(for $0 to $5,000,000)
Yes up to $250,000
Bank of Queensland
Fast Track Starter Account
3.00% p.a. (for $1 to $10,000)
0.05% p.a.(for $1 and over)
Yes up to $250,000
Bank of Queensland
Fast Track Saver Account
1.05% p.a. (for $1 to $250,000)
0.05% p.a.(for $1 and over)
Yes up to $250,000
Up
Saver Account
1.10% p.a. (for $0 to $1,000,000)
0% p.a.(for $0 and over)
Yes up to $250,000
Citi
Online Saver
0.85% p.a. (for $0 to $500,000)
0.35% p.a.(for $0 and over)
Yes up to $250,000
MyState Bank
Bonus Saver Account
1.35% p.a. (for $0 to $250,000)
0.15% p.a.(for $0 and over)
Yes up to $250,000
Bankwest
Hero Saver
0.90% p.a. (for $0 to $250,001)
0.01% p.a.(for $0 to $5,000,000)
Yes up to $250,000
Bank of Queensland
Fast Track Starter Account
3.00% p.a. (for $1 to $10,000)
0.05% p.a.(for $1 and over)
Yes up to $250,000
Bank of Queensland
Fast Track Saver Account
1.05% p.a. (for $1 to $250,000)
0.05% p.a.(for $1 and over)
Yes up to $250,000
Up
Saver Account
1.10% p.a. (for $0 to $1,000,000)
0% p.a.(for $0 and over)
Yes up to $250,000
Citi
Online Saver
0.85% p.a. (for $0 to $500,000)
0.35% p.a.(for $0 and over)
Yes up to $250,000
Bankwest
Hero Saver
0.01% p.a.(for $0 to $5,000,000)
0.90% p.a. (for $0 to $250,001)
Yes up to $250,000
Up
Saver Account
0% p.a.(for $0 and over)
1.10% p.a. (for $0 to $1,000,000)
Yes up to $250,000
ANZ
Progress Saver
0.01% p.a.(for $0 and over)
0.50% p.a. (for $0 and over)
Yes up to $250,000
Newcastle Permanent
Smart Saver
0% p.a.(for $0 and over)
1.55% p.a. (for $0 and over)
Yes up to $250,000
Auswide Bank
Ziggy Kids Saver
0.01% p.a.(for $0 and over)
2.01% p.a. (for $0 and over)
Yes up to $250,000
