Bank of Queensland WebSavings Account

0.80% p.a.(for $2,000 and over)

2.30% p.a. (for $2,000 and over)

Bank of Queensland WebSavings Account

0.80% p.a.(for $2,000 and over)

2.30% p.a. (for $2,000 and over)

Mozo Review   Bank of Queensland WebSavings Account Review

Last updated: 13 September 2019.

What's hot:
  • 2.30% special interest rate

  • No account fees

What's not:
  • 0.80% ongoing interest rate

Mozo snapshot:

Need to start making interest on your savings straight away? With the WebSavings Account by Bank of Queensland customers receive a competitive 2.30% special interest rate for the first 4 months and pay no fees on the one online account.  

Key features:

The Bank of Queensland WebSavings account has no account up keep fees plus an ongoing 0.80% interest rate is likely to be far better than your standard everyday transaction account.

For new Bank of Queensland customers who sign up up for the WebSavings Account you'll be eligible for a bonus 1.50% interest rate on top of the ongoing interest rate. This 2.30% special interest rate is for the first 4 months from opening the account on balances available for balances of $2000 or more.

You can make transactions to your WebSavings account over the phone and online. But unlike many other online savings accounts you can also manage your account from a Bank of Queensland branch, a great option if you're not too computer savvy and don't want to miss on the online savings revolution.

Who it's good for:

Anyone who's looking to earn a great interest rate on $2000 or more, over a 4 month period.

Any catches?

The 2.30% special interest rate is not available for existing Bank of Queensland customers.

Details

Rates and fees information correct as at 18 September 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Balances from $0: 0.00% p.a.
    Balances from $1: 0.01% p.a.
    Balances from $2,000: 0.80% p.a.

  • Balances from $0: 0.00% p.a.
    Balances from $1: 0.01% p.a.
    Balances from $2,000: 2.30% p.a.

  • Bonus rate for the first 4 months from account opening on balances over $2,000 only, available to new customers only.

Fees
  • $0.00

  • n/a

  • unlimited free transactions from branch withdrawal, branch deposit, internet.

  • n/a

  • n/a

  • n/a

  • n/a

  • $0.00

  • n/a

  • n/a

  • $0.00

  • n/a

Other financial bits
  • $1.00

  • $1.00

  • Monthly

Features
  • no

  • none

  • no

  • no

  • no

  • yes

  • no

  • no

  • yes

  • yes

  • no

  • none

  • none

  • none

Customer Reviews

How are Bank of Queensland savings accounts rated by the Mozo community?

Overall customer rating
7.8/10
Price
7.2/10
Features
6.7/10
Customer service
8.1/10
Convenience
7.8/10
Trust
8.0/10

Latest reviews of Bank of Queensland WebSavings Account

  • Overall
    10/10
    Excellent service

    Always friendly and efficient service. They know you by name...you're not just another number.

    Always friendly and efficient service. They know you by name...you're not just another number.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    8/10
    Trust
    10/10

    Steven | New South Wales

    reviewed over 1 year ago

  • Overall
    9/10
    We are satisfied with the service

    We always found staff friendly and helpful. Staff are always very helpful and never too much...

    We always found staff friendly and helpful. Staff are always very helpful and never too much trouble to assist us no matter how busy they are.

    Price
    10/10
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -

    Marion | Queensland

    reviewed about 2 years ago

  • Overall
    10/10
    Competitive premiums and excellent service

    I always find the staff very friendly and offer very good customer service

    I always find the staff very friendly and offer very good customer service

    Price
    8/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Garth | Queensland

    reviewed about 3 years ago

  • Overall
    8/10
    Great service and products

    Good customer service and products suitable for my needs

    Good customer service and products suitable for my needs

    Price
    8/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    8/10

    Karen | Queensland

    reviewed about 3 years ago

  • Overall
    10/10
    Great Customer Service

    The staff & service at BOQ are amazing, regardless of whichever branch I have attended.......old...

    The staff & service at BOQ are amazing, regardless of whichever branch I have attended.......old fashioned customer service with a smile......

    Price
    9/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Sharon | Queensland

    reviewed over 3 years ago

Bank of Queensland

About Bank of Queensland

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.

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