DealRadar AU
Updated 10-09 20:00
BankingBank offer

BOQ Future Saver: 6.00% p.a. on balances up to $50k, ages 14–35

Boq
Posted 11h ago

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)

Something wrong?

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
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 did it go?

BOQ Future Saver: 6.00% p.a. on balances up to $50k, ages 14–35

How to do it

  1. 1Go to the BOQ website or app, select Future Saver, and apply online with your ID.
  2. 2Confirm your age is between 14 and 35 and agree to the account terms.
  3. 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.
  4. 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.

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