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Bank of Queensland WebSavings Account

Advertiser disclosure
Interest rate
0.05% p.a.(for $2,000 and over)
Maximum rate
0.65% p.a. (for $2,000 and over)
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review Bank of Queensland WebSavings Account

Last updated: 26 November 2020.

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What's hot
  • 0.65% special interest rate
  • No account fees
What's not
  • 0.05% 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 0.65% special interest rate for the first 4 months and pay no fees on the one online account.  

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Key features

The Bank of Queensland WebSavings account has no account up keep fees plus an ongoing 0.05% interest rate that is likely to be better than many 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 0.60% interest rate on top of the ongoing interest rate. This 0.65% special interest rate is for the first 4 months from opening the account on balances available for balances of $2,000 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.

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Who is it good for

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

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Any catches

The 0.65% special interest rate is not available for existing Bank of Queensland customers.

Details

Rates and fees information correct as at 1 March 2021. 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: 0.05% p.a.

  • Balances from $0: 0.00% p.a.
    Balances from $1: 0.01% p.a.
    Balances from $2,000: 0.65% 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
7.8/10
Price
7.2/10
Features
6.7/10
Customer service
8.1/10
Convenience
7.7/10
Trust
8.0/10

Latest reviews of Bank of Queensland WebSavings Account

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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.

See Bank of Queensland savings accounts

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Bank of Queensland

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

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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

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MyState Bank

Bonus Saver Account

1.20% p.a. (for $0 to $250,000)

0.10% p.a.(for $0 and over)

Yes up to $250,000

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HSBC

Serious Saver

0.30% p.a. (for $0 to $1,000,000)

0.15% p.a.(for $0 and over)

Yes up to $250,000

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Citi

Online Saver

1.10% p.a. (for $0 to $500,000)

0.35% p.a.(for $0 and over)

Yes up to $250,000

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HSBC

Flexi Saver

0.25% p.a. (for $0 to $5,000,000)

0.05% p.a.(for $0 to $5,000,000)

Yes up to $250,000

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Bankwest

Hero Saver

0.80% p.a. (for $0 to $250,001)

0.01% p.a.(for $0 to $5,000,000)

Yes up to $250,000

Thumbnail icon for Bank of Queensland

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

Thumbnail icon for MyState Bank

MyState Bank

Bonus Saver Account

1.20% p.a. (for $0 to $250,000)

0.10% p.a.(for $0 and over)

Yes up to $250,000

Thumbnail icon for HSBC

HSBC

Serious Saver

0.30% p.a. (for $0 to $1,000,000)

0.15% p.a.(for $0 and over)

Yes up to $250,000

Thumbnail icon for Up

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

Thumbnail icon for Citi

Citi

Online Saver

1.10% p.a. (for $0 to $500,000)

0.35% p.a.(for $0 and over)

Yes up to $250,000

Thumbnail icon for HSBC

HSBC

Flexi Saver

0.25% p.a. (for $0 to $5,000,000)

0.05% p.a.(for $0 to $5,000,000)

Yes up to $250,000

Thumbnail icon for Bankwest

Bankwest

Hero Saver

0.80% p.a. (for $0 to $250,001)

0.01% p.a.(for $0 to $5,000,000)

Yes up to $250,000

Thumbnail icon for Bank of Queensland

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

Thumbnail icon for Bankwest

Bankwest

Hero Saver

0.01% p.a.(for $0 to $5,000,000)

0.80% p.a. (for $0 to $250,001)

Yes up to $250,000

Thumbnail icon for Up

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

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ANZ

Progress Saver

0.01% p.a.(for $0 and over)

0.40% p.a. (for $0 and over)

Yes up to $250,000

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Newcastle Permanent

Smart Saver

0% p.a.(for $0 and over)

1.40% p.a. (for $0 and over)

Yes up to $250,000

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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