How to Earn Bonus Interest (Bonus Criteria)
To be eligible for Bonus Interest on your Future or Smart Saver simply complete these steps by the end of each month
$1,000 minimum monthly deposit
Deposit a minimum of $1,000 from an external account each month (like your salary or wages) into an Everyday Account held in the same name as your Future or Smart Saver account.
Make 5 or more eligible transactions
Make a minimum of 5 eligible transactions from an Everyday Account held in the same name as your Future or Smart Saver account each month.
Eligible transactions must be settled before the end of the month and can include purchases with your Visa Debit Card, direct debit payments, ATM withdrawals, or BPAY payments. Any pending transactions remaining at the end of the month will count toward your monthly criteria for the next month.
Earn bonus interest*
When the Bonus Criteria is met in a calendar month, the additional variable rate will apply in the next calendar month and is paid monthly on the first day of the following month.
Please see an example of how Bonus Criteria works below.
Note: To help you get started on reaching your savings goals, you'll start earning Bonus Interest straight away after opening your Saver Account (for new customers only). To continue to earn Bonus Interest each month, you'll need to meet the above Bonus Criteria.
If you're aged between 14-17 years of age, we'll waive the Bonus Criteria so you'll earn Bonus Interest every month on your Future Saver balance as shown in the table below.
BOQ Future Saver™ 14 - 35 years
BOQ Smart Saver™ 36 years+
Interest rates are variable rates and are subject to change at any time without notice. Interest is calculated daily on a stepped basis and paid monthly on the first day of the following month.
Refer to our Fees and Charges for more information.
Refer to our Terms and Conditions for more information.