QBANK Bonus Saver Summary
Description
Be rewarded with bonus interest for regular saving
Benefits
- No monthly savings-account fee.
Hoops
- For bonus interest, deposit at least $200 each month. Check the full requirements below.
- Withdrawals can forfeit bonus interest.
- Ongoing rate cap: $1,000,000. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | QBANK Bonus Saver |
|---|---|
| Maximum variable rate | 5.20% p.a. |
| Ongoing interest rate | 5.20% p.a. |
| Base interest rate | 0.01% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 0.01% |
|---|---|
| Ongoing | 5.20% |
| Ongoing cap | $1M |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | - |
| Dep $/mth | $200 |
| Growth/mth | - |
| Buys/mth | - |
| Txns/mth | - |
| W/d/mth | 0 |
| Min age | - |
| 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: 0.01% p.a., before bonus interest.
- Ongoing: 5.20% p.a. when bonus conditions are met. Up to $1m.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.01% | This band only | All balances |
| Ongoing total, conditions met | 5.20% | This band only | First $1m |
| Ongoing total, conditions met | 0.01% | This band only | Over $1m |
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
- Interest calculated daily and paid monthly. No fixed monthly account-keeping fee. Non-standard service charges can apply.
- Deposit at least $200 in total and make no withdrawals during the calendar month to earn bonus interest. The bonus applies to the first $1,000,000, with base interest on the excess. No separate balance-growth or card-purchase test.
- Qualification timing: Requirements are assessed in 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 QBANK.
- QBANK membership is restricted. Eligible groups include current or former Queensland police, health, ambulance, fire, corrective services, police union and Police Youth Club employees or volunteers, QBANK and Australian Federal Police employees, local, state or federal government employees residing in Queensland, and people engaged in justice, protection of life or property or related community services. Members of mutual banks established for police, armed services or customs and border protection employees can also qualify. A spouse, parent, child or sibling of a current or former QBANK member can qualify. Confirm your eligibility with QBANK.
- One Bonus Saver account per member, individual or joint membership.
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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 29 Oct 2026.