Bank of Queensland WebSavings Account

1.30% p.a.(for $2,000 and over)

2.90% p.a. (for $2,000 and over)

 

Bank of Queensland WebSavings Account Review

Rates and fees information correct as at 22 June 2018.

Review published: 16 July 2013

What's hot:

  • 2.90% special interest rate

  • No account fees

What's not:

  • 1.30% ongoing interest rate

Mozo snapshot:

The WebSavings Account is the Bank of Queenslands submission to the now popular world of high interest online savings accounts. 

Key features:

The Bank of Queensland WebSavings account has no account up keep fees plus an ongoing 1.30% 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 1.30% interest rate on top of the ongoing interest rate. This 2.90% 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 your not to 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 2.90% special interest rate is not available for existing Bank of Queensland customers.

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

Product Type Overall Rating Price Features Service Convenience Trust
8.3

Based on 390
Bank of Queensland savings accounts reviews

7.7 7.3 8.5 8.0 8.4

Read Bank of Queensland savings account reviews by the Mozo community

Latest reviews of Bank of Queensland WebSavings Account

Bank of Queensland

Bank of Queensland WebSavings Account savings account review

Overall rating   10 / 10

Excellent service

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

Full review

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

Less

Steven (NSW), reviewed 5 months ago

Bank of Queensland

Bank of Queensland WebSavings Account savings account review

Overall rating   9 / 10

We are satisfied with the service

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.

Full review

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   / 10

    Customer service   / 10

    Convenience   / 10

    Trust   / 10

Less

Marion (QLD), reviewed 12 months ago

Bank of Queensland

Bank of Queensland WebSavings Account savings account review

Overall rating   10 / 10

Competitive premiums and excellent service

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

Full review

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

Less

Garth (QLD), reviewed almost 2 years ago

Bank of Queensland

Bank of Queensland WebSavings Account savings account review

Overall rating   8 / 10

Great service and products

Good customer service and products suitable for my needs

Full review

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

Less

Karen (QLD), reviewed almost 2 years ago

Bank of Queensland

Bank of Queensland WebSavings Account savings account review

Overall rating   10 / 10

Great Customer Service

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

Full review

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

Less

Sharon (QLD), reviewed about 2 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Rates

  • Balances from $0: 0.00% p.a.
    Balances from $1: 0.01% p.a.
    Balances from $2,000: 1.30% p.a.

  • Balances from $0: 0.00% p.a.
    Balances from $1: 0.01% p.a.
    Balances from $2,000: 2.90% 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

  • none

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

  • none

  • none

  • none

  • none

  • $0.00

  • none

  • $0.00

  • $0.00

  • none

Other financial bits

  • $1.00

  • $1.00

  • Monthly

Features

  • no

  • none

  • no

  • no

  • no

  • yes

  • no

  • yes

  • yes

  • yes

  • no

  • none

  • none

  • none

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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