BankingBank offer
Boq
Posted 11h ago
12
BOQ Future Saver: 6.00% p.a. on balances up to $50k, ages 14–35
No end dateNo end date in the post — check with the merchant
BOQ's Future Saver offers 6.00% p.a. interest on balances up to $50,000 for customers aged 14–35. You'll need to deposit $1,000 monthly and make 5 transactions (if 18+). Ideal for young savers who can meet the monthly conditions.
Our readers say
Source: OzBargain61020 comments
Original title
BOQ Future Saver 6.00% p.a. Interest on Balance up to $50,000, Ages 14–35 (18+ Monthly $1,000 Deposit + 5 Transactions Required)
Quick take
Good for
- Aged 14–35 with $1,000 to save monthly
- Young savers wanting high interest
Not for
- Those who can't meet monthly deposit and transaction requirements
Why it's worth a look
- Rate much higher than market average
- No annual fee
Watch out
- Failing conditions means just 0.05% interest
Skipdone in 20 min, easy
Worth it?
—
Estimated value (incl. non-cash or conditional value)
Reward offer
- Price
- Reward offer
- Value per hour
- $0
Effort
Easyabout 20 min
Easy
ID check
Any catches?
1 caution
Monthly $1,000 deposit and 5 transactions required; otherwise you only get 0.05% p.a. base rate, drastically reducing earnings.
See all risk notes ↓EndsNo end dateWho can do it: Specific groupsNo feedback yet — tell us how it went if you try it
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How to do it
- 1Go to the BOQ website or app, select Future Saver, and apply online with your ID.
- 2Confirm your age is between 14 and 35 and agree to the account terms.
- 3Each month, transfer at least $1,000 into the Future Saver and make 5 transactions (e.g., transfers, card purchases) if you're 18 or older.
- 4Once conditions are met, interest is calculated at 6.00% p.a. and paid monthly.
Money-saving tip: Set up an automatic transfer of $1,000 on the 1st of each month and plan 5 small transactions (e.g., daily coffee) to reliably earn the 6% rate.
Conditions
- Only for customers aged 14–35; age verification required.
- Monthly deposit of $1,000 and 5 transactions required (18+; different rules for under-18s).
- Rate applies to balances up to $50,000; above that, the rate drops to 3.30% p.a. up to $250,000.
- Rate is variable and may change.
Risks
- CautionMonthly $1,000 deposit and 5 transactions required; otherwise you only get 0.05% p.a. base rate, drastically reducing earnings.
- NoteID verification required. Only submit documents in the official app or website.
- NoteNo end date given. The price or offer could end at any time.
- NoteBOQ may review rates; future cuts possible.