Bank of Queensland Simple Saver Account
Bonus rate
No hoops and no fuss when you just want to save. Simply sit back and watch your savings grow.
5.55%
a year, with bonus, up to
- Base rate up to
- 5.00%
- Introductory rate
- None
- Maximum balance
- None published
Rates by balance
| Balance | Base rate | Bonus | Total |
|---|---|---|---|
| $0 to $5,000,000 | 5.00% | +0.55% | 5.55% |
| $5,000,000 and over | 0.05% | +0.55% | 0.60% |
Who can open it
- Age to open
- 14 and over
- Maximum balance
- None published
Who it's for
- A smartphone that supports iOS 12.0+ or Android 8.0+.
- An Australian mobile number.
- An Australian drivers licence or Australian passport or Medicare card.
- An Australian residential address.
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
5.55%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
5.00%
What it pays without a bonus. Typical is 2.40%.
Pros and cons
Pros
- A higher rate. Up to 5.55%, above the typical 3.65%. On $10,000 that's about $555 a year.
- No conditions. You earn the same rate every month, with no deposits to make or withdrawals to avoid.
Cons
Nothing stands out.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 5.55%
- Bonus conditions
- None
- Most it pays
- 5.55%
- Bonus conditions
- Yes
- Most it pays
- 5.50%
- Bonus conditions
- None
