BOQ Smart Saver Summary
Description
A variable-rate savings account linked to an Everyday account, with bonus interest earned by meeting monthly deposit and transaction requirements.
Benefits
- No monthly savings-account fee.
Hoops
- Applicants must be at least 36.
- For bonus interest, deposit at least $1,000 each month, make at least 5 eligible transactions each month. Check the full requirements below.
- Bonus qualification uses activity from the previous month.
- Ongoing rate cap: $250,000. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | BOQ Smart Saver |
|---|---|
| Maximum variable rate | 5.65% p.a. |
| Ongoing interest rate | 5.65% p.a. |
| Base interest rate | 0.05% p.a. |
| Minimum age | 36 years |
Source: noren.com.au
All comparison details
| Base | 0.05% |
|---|---|
| Ongoing | 5.65% |
| Ongoing cap | $250K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 1 |
| Dep $/mth | $1,000 |
| Growth/mth | $0 |
| Buys/mth | - |
| Txns/mth | 5 |
| W/d/mth | - |
| Min age | 36 |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 0.05% p.a., before bonus interest.
- Ongoing: 5.65% p.a. when bonus conditions are met. Up to $250k.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.05% | Whole balance | Up to $5m |
| Ongoing total, conditions met | 5.65% | This band only | First $250k |
| Ongoing total, conditions met | 0.05% | This band only | Over $250k to $5m |
Source: noren.com.au
Share/Export
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Requirements
- In the previous calendar month, deposit at least $1,000 electronically from an eligible external Australian account into the linked Everyday account, and complete at least five settled eligible transactions on it.
- Eligible transactions include direct debits, BPAY, ATM withdrawals and Visa Debit purchases. Five card purchases are not required. Bank transfers do not count, cash, cheque and international deposits do not qualify.
- The linked Everyday account must have the same sole or joint holders. No savings growth or no-withdrawal condition. The initial contractual qualifying-period waiver does not create a higher introductory rate.
- Qualification timing: Activity in the previous month determines eligibility for the current month. Check the settlement deadlines and exclusions in the requirements.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with BOQ.
- Personal Australian residents aged 36 or older.
- A linked Everyday account is required.
More from BOQ
Similar products
Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected and verified on 31 Oct 2026.