Just received an email from Bank of Queensland that they'll be upping the interest rate on my Future Saver account.
Hi daanish
We’re delighted to share some great news with you.
On 27th March 2026, the interest rate on your savings account increased, so you can continue to work towards your goals faster.
| Future Saver Account | |||
|---|---|---|---|
| Balances up to: | Base rate % p.a. | Bonus rate % p.a. | Highest rate % p.a. |
| $0 to $50 000 | 0.05% | 5.30% | 5.35% |
| $50 000 to $250 000 | 0.05% | 2.80% | 2.85% |
| $250 000 to $5 million | 0.05% | 0.0% | 0.05% |
Quick facts:
- No monthly fees
- Open up to 9 Future Saver accounts to manage your savings
Unofficial note but the key benefit to this account is that if each account balance is kept at $50 000 or under the full 5.35% interest will be paid on each account.
How to earn the bonus interest:
- Be aged 14-35 year olds
- Deposit $1000 per month into the Everyday account from an external bank account
- Make minimum 5 eligible transactions per month
Note if you're aged between 14-17 years of age the bonus interest criteria is waived.
They are good. Been with them for years>
The only negative is they pass on the RBA rate to home loan straight away and saving accounts are take time.