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Interest Rate is a variable rate made up of a base rate and a Bonus Interest rate. If monthly bonus criteria conditions are not met, the variable base rate only will apply.

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Bonus Interest is a variable bonus interest rate and will only be paid if monthly bonus criteria are met. Bonus Interest is paid on the balance of Saver Account only. Bonus Interest Rate is not applied to any proportion of the Account balance in excess of $250,000

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Round Ups are transfers that you can choose to activate on your Everyday Account(s). When you enable this feature on your Everyday Account, funds are transferred to your nominated savings account each time you make a card transaction. The amount of the transfer will be up to the nearest $1 of the amount that the transaction takes place. Round Up transactions will not take place if your account would be overdrawn by making the transaction. Each Round Up transfer will be done when a transaction is processed as pending on your account. As some transactions may occur offline, the Round Up transfer will only take place when the transaction information is received. Pending transactions could also potentially not be debited by the merchant; in that case the round-up will not be reversed. You can disable the Round Up feature through the myBOQ app at any time.

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Under the Australian Government's Financial Claims Scheme (FCS), certain deposits are protected up to a limit of $250,000 for each account holder at BOQ. The FCS limit of $250,000 applies to the total sum of all BOQ bank accounts, including accounts you hold with BOQ Branches and BOQ Specialist. Please visit apra.gov.au for further information on the institutions and types of accounts covered.