BOQ Simple Saver Account Summary
Description
No hoops and no fuss when you just want to save. Simply sit back and watch your savings grow.
Benefits
- Introductory rate of 5.55% p.a. for 4 months for eligible customers.
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
Hoops
- Applicants must be at least 14.
- Ongoing rate cap: $5,000,000. See the rate breakdown for higher balances.
- The introductory offer is temporary, lasting 4 months. The ongoing rate then applies.
On this page
Details
Key details
| Product name | BOQ Simple Saver Account |
|---|---|
| Maximum variable rate | 5.55% p.a. (Introductory, first 4 months) |
| Ongoing interest rate | 5.00% p.a. |
| Base interest rate | 5.00% p.a. |
| Minimum age | 14 years |
Source: noren.com.au
All comparison details
| Base | 5.00% |
|---|---|
| Ongoing | 5.00% |
| Ongoing cap | $5M |
| Intro | 5.55% |
| Intro cap | $5M |
| Intro period | 4 mths |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | 14 |
| 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: 5.00% p.a..
- Introductory: 5.55% p.a. for 4 months for eligible customers. Up to $5m.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 5.00% | Whole balance | $1 to $5m |
| Standard variable | 0.05% | Whole balance | $5,000,000.01 and over |
| Introductory total, first 4 months | 5.55% | Whole balance | $1 to $5m |
| Introductory total, first 4 months | 0.60% | Whole balance | $5,000,000.01 and over |
Source: noren.com.au
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Requirements
- No ongoing monthly deposit, purchase or balance-growth conditions in the reviewed pricing.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with BOQ.
- A smartphone that supports iOS 12.0+ or Android 8.0+.
- An Australian mobile number
- An Australian drivers licence or Australian passport or Medicare card
- Fourteen (14) years of age or over
- Applying for a personal account and not in the name of a business or trust. There should be no more than two account holders for this account
- An Australian residential address
- Resident or Citizen: A citizen or permanent resident of Australia
Introductory eligibility
- New accounts opened on or after 8 September 2026 receive an additional variable rate for the first four months. No monthly activity test or linked transaction account is required.
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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 on 31 Oct 2026. Pricing verified on 26 Oct 2026.