Virgin Money
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Virgin Money Australia is a financial services brand owned by the Bank of Queensland Group. It offers savings and transaction accounts, home loans and a range of other financial products. Its deposit and home loan products are issued by Bank of Queensland Limited, while other products are provided through partners. Customers manage everyday banking and savings through the Virgin Money app.
| Legal name | Bank of Queensland Limited |
|---|---|
| ABN | 32009656740 |
| Ownership group | BOQ Group [1]Controlling entity: Bank of Queensland Limited |
| Deposit issuer | Bank of Queensland Limited [4] |
| Deposit protection | Eligible AUD deposits are covered up to $250,000 per account holder across this issuer, including its other brands. [5] |
| Same issuer brands | BOQ, BOQ Spec, MEEligible deposits across these brands share the issuer’s FCS limit. |
| Group background | BOQ acquired Virgin Money Australia in April 2013 [1] |
| Banking access | The 30 September 2026 terms, section 6.8, permit cash and cheque deposits at BOQ branches using a Virgin Money deposit form, fees may apply. This is limited partner-branch access, not full-service Virgin Money branches. Cheque deposits through BOQ branches end on 30 November 2026, this does not establish that cash access ends. [3] |
Savings rates
Compare allRates p.a. at a balance of $25,000.
| Boost Saver (18 or over) | Visit | 0.05% | 5.30%Ongoing cap: $250K | $250K | - | - | - | 1 | $1,000 | $0 | - | 5 | - | 18 | - | $0 | - |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Boost Saver (Lock Saver, 32-day notice, 18 or over) | Visit | 0.55% | 5.80%Ongoing cap: $250K | $250K | - | - | - | 1 | $1,000 | $0 | - | 5 | - | 18 | - | $0 | - |
| Boost Saver (Under 18) | Visit | 0.05% | 5.30%Ongoing cap: $250K | $250K | - | - | - | 0 | $0 | $0 | 0 | 0 | - | 14 | 17 | $0 | - |
| Grow Saver (18 or over) | Visit | 0.05% | 3.30%Ongoing cap: No cap | No cap | - | - | - | 1 | - | $0 | 0 | 0 | 1 | 18 | - | $0 | - |
| Grow Saver (Lock Saver, 32-day notice, 18 or over) | Visit | 2.25% | 5.50%Ongoing cap: No cap | No cap | - | - | - | 1 | - | $0 | 0 | 0 | 1 | 18 | - | $0 | - |
| Grow Saver (Under 18) | Visit | 0.05% | 3.30%Ongoing cap: No cap | No cap | - | - | - | 0 | $0 | $0 | 0 | 0 | - | 14 | 17 | $0 | - |
Source: noren.com.au
Useful links
Similar institutions
Sources and review
- Institution background (boq.com.au)
- APRA ADI register (apra.gov.au)
- Banking access (virginmoney.com.au)
- Provider deposit-issuer information (boq.com.au)
- APRA FCS institution list (apra.gov.au)
Virgin Money data reviewed . Next profile review due .