--- title: "Simple Saver Account — Bank of Queensland Limited" description: "Transaction & Savings Accounts from Bank of Queensland Limited. Rates, fees, features and eligibility as published under Australia's Consumer Data Right." canonical: https://www.cdrcompare.au/brands/bank-of-queensland-limited/products/1a906e88-5c03-ee11-8f6e-00224814d330 source: "CDR Compare" language: en-AU last_updated: 2026-06-02T23:11:45Z --- # Simple Saver Account — Bank of Queensland Limited > Transaction & Savings Accounts from Bank of Queensland Limited. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare. **Transaction & Savings Accounts · Bank of Queensland** No hoops and no fuss when you just want to save. Simply sit back and watch your savings grow. ## At a glance - **Base rate:** 4.8% ## Apply Applications are handled by the provider: [Apply at Bank of Queensland Limited](https://application.boq.com.au/boq-forms/boq-bank-and-save/boq-apply-now) ## Deposit rates | Type | Rate | Applies to | Interest paid | | --- | --- | --- | --- | | Variable | 0.05% | over $5M | monthly | | Variable | 4.8% | $1 to $5M | monthly | ## Fees | Fee | Type | Amount | | --- | --- | --- | | Paper Statement - International — Charged monthly · Charged for each paper statement that is required to be posted to an International Address. | Ongoing | $5.00 | | Overdrawn Account — There is no overdrawn fee, however a debit interest rate is applied as set out below. | Event | $0.00 | | Electronic Transaction Error Correction Fee — Charged when the bank is requested by you or the recipient Financial Institution or Biller, to correct an error you have made with a BPAY payment, using the 'Pay Someone' functionality, or NPP transaction. | Event | $30.00 | | Failed Transaction Dispute — Charged when a transaction dispute is unsuccessful. | Event | $15.00 | | Trace — Charged for each request to perform a trace on any transaction type. | Event | $20.00 | | BPAY, Pay Someone, Card Transactions — There is no fee charged by BOQ for performing a BPAY Payment, Pay Anyone or making a Card transaction. Merchants may charge fee in respect of card transactions which should be advised to you at the time of making the transaction. | Payment | $0.00 | | Debit Interest Rate (applied to overdrawn Accounts) — 1 · Interest is charged on a daily basis on all debit balances and debited to the relevant Account monthly. | Late payment | 10% of balance | | Direct Debit Dishonour — Charged for each direct debit that is dishonoured on the same day that the dishonour takes place. | Dishonour | $0.00 | | Bank Cheque — Charged for each bank cheque that is produced and posted to an Australian address. | Event | $10.00 | | Unclaimed Monies — Charged when the unclaimed monies process starts which is after 7 years of inactivity. | Other | $30.00 | | Cheque Dishonour — Charged for each Cheque deposit that is dishonoured on the same day that the dishonour takes place. | Dishonour | $0.00 | | Monthly Account Keeping — Charged monthly · There are no monthly account keeping fees with myBOQ Accounts. | Ongoing | $0.00 | | Manual Statement — Charged when you request a manual statement to be generated and emailed to you. Statements are available on the myBOQ App and can be accessed for closed Accounts at no cost.Statements for periods prior to migration of an Account to the myBOQ app will not be available from the myBOQ app, but can be requested from BOQ. | Enquiry | $10.00 | ## Features - **Earn interest with an ongoing interest rate, with no monthly criteria and no minimum deposit** - **All deposits up to $250,000 are protected by the Federal Government's deposit guarantee, so your savings are secure with us** - **$0 account maintenance fees** - **Make every cent count. Open multiple Simple Saver accounts to manage your savings across multiple goals.** - **Digital banking** (Access your account anytime through the myBOQ mobile app) - **PayID** (Send and receive payments using PayID) ## Eligibility - **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** - **Minimum age** — 14 years (Fourteen (14) years of age or over) - **Individuals only** (Applying for a personal account and not in the name of a business or trust. There should be no more than two account holders for this account) - **An Australian residential address** - **Residency status** — Resident or Citizen (A citizen or permanent resident of Australia) ## More information from Bank of Queensland Limited - [Overview](https://www.boq.com.au/personal/banking/savings-and-term-deposits/simple-saver) - [Terms & conditions](https://www.boq.com.au/content/dam/boq/mobile-app/boq-app/files/myboq-deposit-accounts-general-terms-and-conditions.pdf) - [Eligibility](https://www.boq.com.au/personal/banking/savings-and-term-deposits/simple-saver) - [Fees & pricing](https://www.boq.com.au/content/dam/boq/mobile-app/boq-app/files/myboq-deposit-account-interest-rates-transaction-limits.pdf) ## Data provenance - Published by Bank of Queensland Limited under the Consumer Data Right - Product ID: `1a906e88-5c03-ee11-8f6e-00224814d330` - Last updated by the provider: 2 June 2026 - Source payload (JSON): https://www.cdrcompare.au/api/raw/bank-of-queensland-limited/1a906e88-5c03-ee11-8f6e-00224814d330 - Provider page: https://www.cdrcompare.au/brands/bank-of-queensland-limited - CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000241 --- Source: [CDR Compare](https://www.cdrcompare.au/brands/bank-of-queensland-limited/products/1a906e88-5c03-ee11-8f6e-00224814d330) — product data published by Australian data holders under the Consumer Data Right. 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