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Bank of Queensland WebSavings Account

Advertiser disclosure
Interest rate
0.05% p.a.(for $2,000 and over)
Maximum rate
1.00% p.a. (for $2,000 and over)
Govt deposit guarantee
Yes up to $250,000
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Mozo editorial review Bank of Queensland WebSavings Account - last updated: 15 June 2021

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What's hot
  • 1.00% 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 1.00% 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 0.65% interest rate on top of the ongoing interest rate. This 1.00% 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 1.00% special interest rate is not available for existing Bank of Queensland customers.

Details

Rates and fees information correct as at 4 August 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: 1.00% 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

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

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$0.00

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$0.00

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Other financial bits

$1.00

$1.00

Monthly

Features

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