3.00% p.a. Interest on Balances up to $50,000 for 14-35 Year Olds (Criteria Apply) @ Bank of Queensland

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AussieBogan on 20/05/2022 - 11:07 boq.com.au (2703 clicks)
Last edited 16/08/2022 - 17:05 by 1 other user

Credit to reivaxX for the original deal, BOQ has now increased the interest rate for future saver account to 3% p.a.

Monthly criteria for bonus interest

• $1,000 minimum monthly deposit
  Transfer a minimum of $1,000 each month (like your salary) into your linked Everyday Account.
• Make 5 or more eligible transactions
  From your linked Everyday Account each month. Eligible transactions include direct debit payments, ATM withdrawals, BPAY payments or purchases with your Visa Debit Card.

If you're aged between 14-17 years of age, the criteria are waived so you'll earn Bonus Interest every month on your Future Saver balance.

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  boomersgold on 07/08/2022 - 22:25

  With the ING Savings Maximiser increasing to 3.1%, does it still make sense to sign up for BOQ's 3%? ING's interest applies up to 150k vs BOQ's 50k limit. I also assume they'll have better customer service, being a bigger bank. I tried calling BOQ last week and waited nearly 2 hours on the phone. Gave up in the end.

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    Phorest Grump on 11/08/2022 - 23:03

    Ing is only 100k

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  whapkaplit on 11/08/2022 - 10:17

  Anyone had any luck meeting the bonus interest criteria? I made 5 x $1 purchases at Woolies on the card, and transfered $1k and it still says "no" to the bonus interest criteria met for next month. The transactions are settled and not pending. No idea what to do to make it work.

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    Bargain Fighter on 11/08/2022 - 18:08

    It's working for me when I did the 5x Beemit + transfer. The eligibility status updated after a day or two at midnight.

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