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Bank of Queensland · Savings accounts
Simple Saver Account
Bank of Queensland's Simple Saver Account is a savings account. The figures are the ones Bank of Queensland publishes under the Consumer Data Right today. The advertised rate last moved on 9 October 2026, up from 5.35% to 5.55%.
Advertised rate
5.55%
headline tier
Tiers
3
current rate rows
Last moved
+0.20pp
9 October 2026
Advertised rate, last 30 days. Between 5.35% and 5.55% over the last 30 days.
5.55% is the 5.00% base plus a 0.55% welcome rate for 4 months, for new customers; 5.00% after that.
Every current rate (3)
| Tier | Rate |
|---|---|
| Variable, $5,000,000 and overover $5M | 0.05% |
| Bonus | 0.55% |
| Variable, $1 to $5,000,000$1 to $5M | 5.00% |
Rate moves, last 30 days
- 9 October 2026: Variable, $1 to $5,000,000 lifted 0.20pp, from 4.80% to 5.00%.
Published fees
| Fee | Amount |
|---|---|
| Paper Statement - Internationalrecurring: Charged for each paper statement that is required to be posted to an International Address. | $5 |
| Overdrawn Accountwhen it happens: There is no overdrawn fee, however a debit interest rate is applied as set out below. | $0 |
| Electronic Transaction Error Correction Feewhen it happens: Charged when the bank is requested by you or the recipient Financial Institution or Biller, to correct an error you have made with a BPAY payment, using the 'Pa | $30 |
| Failed Transaction Disputewhen it happens: Charged when a transaction dispute is unsuccessful. | $15 |
| Tracewhen it happens: Charged for each request to perform a trace on any transaction type. | $20 |
| BPAY, Pay Someone, Card Transactionsper payment: There is no fee charged by BOQ for performing a BPAY Payment, Pay Anyone or making a Card transaction. | $0 |
| Debit Interest Rate (applied to overdrawn Accounts)late payment: Interest is charged on a daily basis on all debit balances and debited to the relevant Account monthly. | see lender |
| Direct Debit Dishonourdishonour: Charged for each direct debit that is dishonoured on the same day that the dishonour takes place. | $0 |
| Bank Chequewhen it happens: Charged for each bank cheque that is produced and posted to an Australian address. | $10 |
| Unclaimed Monies: Charged when the unclaimed monies process starts which is after 7 years of inactivity. | $30 |
| Cheque Dishonourdishonour: Charged for each Cheque deposit that is dishonoured on the same day that the dishonour takes place. | $0 |
| Monthly Account Keepingrecurring: There are no monthly account keeping fees with myBOQ Accounts. | $0 |
Other Bank of Queensland savings accounts
Get an email the morning Bank of Queensland moves this rate.
Every Bank of Queensland rate · every savings account rate compared · other lenders · this product in the explorer.