If you’re ready to be rewarded for your hard earned savings, then look no further than the Bank of Queensland's Future Saver Account. BOQ's Future Saver Account allows you to earn a whopping 5.50% p.a. maximum rate, so long as you deposit $1,000 or more each month and make 5 eligible transactions. For those aged between 14-17, however, Bank of Queensland will waive those requirements so you you can earn bonus interest every month.
If you’re after your first savings account, then the Bank of Queensland's Future Saver Account is a great pick. This account offers Young Aussies an ongoing 5.50% special rate on balances up to $50,000. To access this rate, you'll have to deposit $1,000 or more to your linked Everyday Account and make 5 eligible transactions with the linked debit card throughout the month, otherwise your interest rate would drop to 0.05% p.a.
If you're between the ages of 14 and 17, however, the bonus criteria will be waived, meaning you can earn the maximum interest rate each month.
There are no account maintenance fees to eat into your savings stash and free withdrawals to your linked Everyday account. You’ll always have fast access to your account information either over the phone or via internet banking, plus you can make as many deposits as you like thanks to the unlimited deposits feature.
Keep in mind that this account is only available for Aussies aged between 14-35 years old. Like most savings accounts, there is no ATM access with this account, although you can withdraw from the linked Everyday Account.
The Bank of Queensland Future Saver Account is a great option for young Aussie savers after their first savings account, who can deposit $1000 a month in order to snag the ongoing bonus rate.
While the Bank of Queensland Future Saver Account gives savers the opportunity to earn big, the account is only available to those aged 14-35. If you are 36 or older, you might want to consider the Bank of Queensland Smart Saver Account. And keep in mind that if you have more than $50,000 saved in your account, the portion of the balance above $50,000 will receive an interest rate of 3.00%.
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Balances from $0: 0.05% p.a. |
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Balances from $0: 5.50% p.a. |
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Ongoing bonus rate applied if in the previous month $1,000 or more is credited to the linked Everyday Account and 5 eligible transactions are made by the linked account. Bonus interest criteria waived for account holders 14-17 years of age. |
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$0.00 |
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n/a |
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Unlimited free transactions from branch withdrawal, branch deposit, internet. |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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$0.00 |
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n/a |
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$1.00 |
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$1.00 |
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Monthly |
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no |
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n/a |
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no |
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no |
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no |
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yes |
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no |
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no |
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yes |
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yes |
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no |
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none |
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none |
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14 to 35 |
Excellent bank with superb interest rates and the new myBOQ app has an excellent user interface.
Read full reviewExcellent bank with superb interest rates and the new myBOQ app has an excellent user interface.
They have a 3% interest rate for my age group savings account and I don't have to grow my balance every month. They're the only bank in Australia that offers that.
Read full reviewThey have a 3% interest rate for my age group savings account and I don't have to grow my balance every month. They're the only bank in Australia that offers that.
I love the high interest rate they give to under 25s which really encourages us to save. However, internet banking is very poor compared to other banks.
Read full reviewI love the high interest rate they give to under 25s which really encourages us to save. However, internet banking is very poor compared to other banks.
High Interest Savings Account
5.75% p.a. (for $0 to $250,001)
4.40% p.a.(for $0 to $250,001)
Yes up to $250,000
Savings Account
5.35% p.a. (for $0 to $250,000)
4.75% p.a.(for $0 to $1,000,000)
Yes up to $250,000
Reward Saver Account
5.25% p.a. (for $0 to $1,000,000)
0% p.a.(for $0 and over)
Yes up to $250,000
AMP Saver Account
5.40% p.a. (for $0 to $250,000)
1.20% p.a.(for $0 to $5,000,000)
Yes up to $250,000
Savings+Bonus
5.00% p.a. (for $0 to $250,000)
2.00% p.a.(for $0 to $250,000)
Yes up to $250,000
Save Account
5.10% p.a. (for $0 to $250,000)
0.10% p.a.(for $0 and over)
Yes up to $250,000
Bonus Saver Account
5.00% p.a. (for $0 to $250,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
High Interest Savings Account
5.75% p.a. (for $0 to $250,001)
Yes up to $250,000
4.40% p.a.(for $0 to $250,001)
Savings Account
5.35% p.a. (for $0 to $250,000)
Yes up to $250,000
4.75% p.a.(for $0 to $1,000,000)
Save Account
5.10% p.a. (for $0 to $250,000)
Yes up to $250,000
0.10% p.a.(for $0 and over)
AMP Saver Account
5.40% p.a. (for $0 to $250,000)
Yes up to $250,000
1.20% p.a.(for $0 to $5,000,000)
Savings+Bonus
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
2.00% p.a.(for $0 to $250,000)
Reward Saver Account
5.25% p.a. (for $0 to $1,000,000)
Yes up to $250,000
0% p.a.(for $0 and over)
Bonus Saver Account
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
0.05% p.a.(for $0 and over)
Reward Saver Account
0% p.a.(for $0 and over)
5.25% p.a. (for $0 to $1,000,000)
Yes up to $250,000
Ziggy Kids Saver
0.01% p.a.(for $0 and over)
3.01% p.a. (for $0 and over)
Yes up to $250,000
Progress Saver
0.01% p.a.(for $0 and over)
4.25% p.a. (for $0 and over)
Yes up to $250,000
