Effective Wednesday 16 November, Bank of Queensland (BOQ) will increase its Future Saver account rate to 4.35% p.a.
The new rate of 4.35% p.a. is available for Aussies aged 14-35 with a maximum balance of $50,000 vs ING's 4.30% p.a. with no age requirements and a maximum balance of $100,000.
Interest earned on balances between $50,001 to $250,000 will remain at a rate of 2.50% 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.
BOQ will also increase Smart Saver accounts for customers aged 36 and over by 0.25% to 3.85% p.a. for balances between $1 and $250,000.
Simple Saver accounts will also increase by 0.25% to 2.50% p.a. for balances up to $5 million.
Read more: https://www.savings.com.au/news/boq-savings-account-november…
BOQ?!?
This is the same bank that I open a new account a few years back.
Before I even get access to my own account (bank card still in the mail), someone access my account (deposit a bounced check) through a ATM machine already ????
BOQ simply blamed it on the lost mail to avoid responsibility.
But in reality, no mails were ever lost. They are simply late, very late.
The second mail from BOQ (containing the initial PIN code) did NOT even left their own office building YET! The postal time stamp can prove this.
BOQ fraud department simply ignore the fact, and quick to blame it as a postal error.
Of course, I immediately ceased all activities with BOQ since then …..