Effective Wednesday 16 November, Bank of Queensland (BOQ) will increase its Future Saver account rate to 4.35% p.a.
The new rate of 4.35% p.a. is available for Aussies aged 14-35 with a maximum balance of $50,000 vs ING's 4.30% p.a. with no age requirements and a maximum balance of $100,000.
Interest earned on balances between $50,001 to $250,000 will remain at a rate of 2.50% p.a.
Monthly criteria for bonus interest:
• $1,000 minimum monthly deposit
• Transfer a minimum of $1,000 each month (like your salary) into your linked Everyday Account.
• Make 5 or more eligible transactions from your linked Everyday Account each month. Eligible transactions include direct debit payments, ATM withdrawals, BPAY payments or purchases with your Visa Debit Card.
BOQ will also increase Smart Saver accounts for customers aged 36 and over by 0.25% to 3.85% p.a. for balances between $1 and $250,000.
Simple Saver accounts will also increase by 0.25% to 2.50% p.a. for balances up to $5 million.
Read more: https://www.savings.com.au/news/boq-savings-account-november…
this is 0.01 off my home loan