This was posted 1 year 7 months 20 days ago, and might be an out-dated deal.

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4.00% p.a. Interest on Balances up to $50,000 for 14-35 Year Olds (Monthly Criteria Apply for 18+) @ Bank of Queensland

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4.00% p.a. Interest on Balances up to $50,000 for 14-35 Year Olds (Monthly Criteria Apply for 18+) @ Bank of Queensland
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david6509 on 19/09/2022 - 15:37 boq.com.au (3067 clicks)
Last edited 19/10/2022 - 16:11 by 1 other user

BOQ just replied to one of my comments on facebook.

"We understand how important a good rate is for our savings customers, which is why from 20 September, we'll be lifting the rate on myBOQ Future Saver account to 4.00% p.a. 👏 Terms and conditions apply, you can check out our website for more information from tomorrow"

Also 3.35% p.a. on Smart Saver account

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.

Financial Bank Account Savings Account

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closed Comments

                • capslock janitor on 01/10/2022 - 14:23

                  @pluto: couldnt hurt to contact?

                  2 days ago i deposited $1k and it show "Bonus rate activated next month: Yes"
                  Last night I split 5x txns via digital card.

                  This morning I checked "Bonus rate activated next month: No"
                  (the app's so shit i can't even get on rn to check my funds!)

                • capslock janitor on 26/10/2022 - 02:15

                  @pluto: Did u request.

  • firestint on 22/09/2022 - 09:49
    +1

    Did anyone get this email from them?

    Hi XX,
    We are writing to tell you about a technical error which has affected the application of Bonus Interest to our Future Saver and Smart Saver account holders. The error has resulted in customers earning Bonus Interest despite not meeting the monthly Bonus Criteria which includes making 5 or more eligible transactions from your linked Everyday Account in the previous calendar month.

    While the error may have worked in your favour, we still wish to apologise and want to advise that as of 1 September, 2022 the issue has now been resolved, and the full monthly Bonus Criteria must now be met to qualify for Bonus Interest on all Future Saver and Smart Saver accounts

    • hotsnakes on 22/09/2022 - 12:37

      No, must have been for some customers only. Enjoy

  • red sed on 24/09/2022 - 05:02
    -2

    THIS IS DISCRIMINATION AGAINST THE ELDERLY ! I URGE EVERYONE TO FLOOD THEM WITH COMPLAINTS SO THAT WE CAN ALL BENEFIT FROM THIS OFFER OR WE TAKE THEM TO THE ANTI DISCRIMANTION BOARD!

    • Nathw on 24/09/2022 - 23:41
      -1

      Hi Karen

    • AusBargains on 25/09/2022 - 01:15
      +1

      You got downvoted but this actually is discrimination. It's just that age discrimination is morr acceptable than other discrimination like racial or religious.

  • cheapskateasian on 25/09/2022 - 20:56

    Can I make an initial deposit of $50,000 and then make monthly deposits of $1,000 + 5 transactions, and receive the entire 4% interest. i.e. $2,000.

    OR

    Do I need to make an initial deposit of $38,000 (max $50k - 12 monthly deposits of $1k) and then make monthly deposits of $1,000 and receive the full 4% interest?

    I'm a bit confused about any amounts over $50k that will trigger a lower interest rate. Does that mean if I make a deposit of $50k and then monthly deposits of $1k, I will only receive 2.5% interest?

    • trashcan on 27/09/2022 - 01:09
      +1

      The requirement of deposit and 5 transactions is on the transaction account.

      If you have more than 50K that you want to deposit for eg 75K you can open 2 savings account and deposit 50K in one and 25K in the other.

      To get 4% you just have to deposit 1K to the transaction account and make 5 transactions.

      You can withdraw the 1K deposited into your transaction account or move it the to one of the savings account.

      50K in each savings account earns the highest rate and a reduced rate on the balance above 50K.

      You can open upto 9 Saving account.

      • freoleo on 28/09/2022 - 23:14

        So I can deposit 1k into the account and then back out of the account the next day as long as I make my 5 transactions?

        So just put 1k in and out of the transaction account each month?

        • trashcan on 29/09/2022 - 00:03

          That is correct. You could even move the money out on the same day. The deposit from your other account to the BOQ transaction account and back can be done in a matter of minutes if done via Osko.

      • techberi on 01/10/2022 - 23:31

        Can we take money out of future saver to deposit in other bank and then deposit it again in everyday account? Or we have to grow the balance in future saver each month??

  • capslock janitor on 28/09/2022 - 18:22

    ANY "offer code"?

  • capslock janitor on 29/09/2022 - 11:30
    +1

    App:

    Oops, our bad!
    Something went wrong on our end and we couldn't connect. Please try again later.

    ?

    • Unorthodox on 29/09/2022 - 23:38

      It's a pretty bad app - that happens quite a lot.

      Also its down for maintenance from 3AM AEST Friday 30th so could be due to increased traffic/early cut off

      • capslock janitor on 30/09/2022 - 10:59

        I was trynna register thrughout the day and re-installed app.

        Called up the technical team, told to re-install again and worked/logged in this time (but yeah still getting unsightly "errors" usage.)
        Current bug I'm still having is pressing "Get set up (4)" and it crashes out the app…

        I'll say I love you' to them next time.

        • capslock janitor on 01/10/2022 - 10:21

          Still getting thos epesky sign-in error, as well.

      • techberi on 02/10/2022 - 11:10

        ios app running fine.

        • HunterxHunter9000 on 04/10/2022 - 10:47

          Its android ap that they cant fix for shit, over long weekend everyone on android pretty much was locked out of their accounts. At this point I am moving to virgin money much better then their crap app that well take you 20 mins normally to open and then bugs everyday.

  • HunterxHunter9000 on 04/10/2022 - 10:45

    Don't bother been 4 days without access to my account on boq android app over long weekend and there support know of the issue but have the customer support closed and have no interest of fixing the issue. Just missed out on many deals because I couldn't open the app to transfer from saver to the everyday account.

  • chocfrogs456 on 04/10/2022 - 11:14
    +1

    Many issues with the app. Then it has a random 'payment adjustment' where its taken $1000 from my account so im apparently 1000 in deb.t tried messaging them through the app and no response. Been on hold on phone for 1h 30mins and nothing

  • Froot Loops on 04/10/2022 - 21:46

    I had to calculate my age 😂😂😂. I'm 36, so too old. I'm getting forgetful.

  • capslock janitor on 05/10/2022 - 01:40

    Anyone got their first interest paid yet?
    Waiting for some on my 1k deposit, less 5txns

    • freoleo on 06/10/2022 - 00:40

      Hasn't been a month yet if you signed up at start of this deal

    • claudefrog12345 on 08/10/2022 - 07:21

      You should have received the interest on 1st October.

      • capslock janitor on 08/10/2022 - 20:05

        i didnoot

        • claudefrog12345 on 10/10/2022 - 08:15

          Did you remember to put the money into your 'future saver account '? The interest money deposits into the same account too…

          • capslock janitor on 10/10/2022 - 10:03
            -1

            @claudefrog12345: Oh? I have no money in the future Saver $0,, just the Everyday account.. 🧐
            I didn't read we had to have money in saver
            So I don't even get interest from my Everyday amount?

          • capslock janitor on 12/10/2022 - 23:17
            -1

            @claudefrog12345: Do we require a balance in FS? Anyone confirm

  • yoshiyoshi on 09/10/2022 - 17:03
    +2

    Anyone do 5 x BPay $1 payments
    Did this work for you?

    • claudefrog12345 on 10/10/2022 - 08:16
      +4

      Yeah i did this yesterday and today it says next months bonus interest rate is unlocked. I did 5x $1 bpay to a crediit card with another bank.

      • Xxmilker69xX on 16/10/2022 - 02:43

        Does the status for next month interest unlocked change instantly? or does it take time once you meet the final criteria?

        • Benno007 on 08/11/2022 - 10:47

          I made 5 transactions on Saturday Nov 5th and it was Tuesday Nov 8th before it changed to ‘Yes’ for ‘next month’ even though the transactions were no longer ‘pending’ on Monday.

          I had previously also transferred $1000 in on Nov 2

  • capslock janitor on 12/10/2022 - 01:29

    How do I get Customer ID? Try Na sign in online banking. And also link to Frollo

  • USER DC on 15/10/2022 - 12:41

    less than ING still ??

  • gungirlyuna on 15/10/2022 - 21:14

    Can you pay off your credit card via bpay and will that work?

    • claudefrog12345 on 17/10/2022 - 13:32

      Yes i made 5x $1 bpay to my credit card and it counted towards my transactions

  • Benno007 on 17/10/2022 - 21:33

    I would have thought BOQ would let me transfer money between my everyday account and my future saver account?

    Seems I don’t have the option to transfer funds from my savings account out to anywhere? So basically it’s stuck in there? I can’t withdraw it in the app to transfer back to my other account, nor can I transfer to my everyday account to make any purchases…

    I just opened it on the weekend, so dunno if that has anything to do with it?

    Anyone experienced this?

    • victorheaven on 18/10/2022 - 09:14

      Something doesn't sound right.

      Maybe give BOQ a call, you don't want your money sitting in your everyday account earning 0% interest.

      • Benno007 on 03/11/2022 - 08:40

        After a few days thankfully I could start transferring out 🤷

  • Peck on 18/10/2022 - 11:57
    -1

    Looking forward to the stories about putting $50k into son's account to capture the 4% rate but it went up in smoke!

  • freoleo on 02/11/2022 - 22:11

    Just realised I never got sent the bank card for this, anyone else have the same problem?

    Want to get transactions out of the way but no card lol

    • Benno007 on 04/11/2022 - 08:43

      Mine took about a week to arrive. I was able to use Apple Pay in the meantime though

      • freoleo on 04/11/2022 - 22:53

        Welp, I've been trying to contact them for the past 3 days and getting nothing, gonna have to try the card with google pay and see if i can get it to work

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