BankMate

Savings account · 14+ years

BOQ Simple Saver Account

5.00%p.a. total

No bonus conditions: the rate is paid every month

5.55% for the first 4 months, then 5.00%

71st of 151 savings accounts · market average 4.37%

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The RBA raised the cash rate to 4.60% on 30 September. Simple Saver Account moved on 9 October, 9 days later.

What it asks

Nothing each month
Each month

Nothing. The rate is paid every month.

Who can open it

Anyone 14 or over

Balance

The top rate is paid on balances up to $5,000,000, from a minimum of $1.

Compare all 151 accounts

Rate history

Last change 9 Oct
  • Simple Saver Account
  • RBA cash rate
  • Market average
4.004.505.00MarMayJulSepToday5.00% p.a. today

October 20261 change

  1. 9Fri
    • 4.80 → 5.00Total rate 4.80% → 5.00% · 9 days after the RBA rise to 4.60%
      +0.20

June 20261 change

  1. 5Fri
    • 4.55 → 4.80Total rate 4.55% → 4.80% · 30 days after the RBA rise to 4.35%
      +0.25

March 20261 change

  1. 28Sat
    • 4.30 → 4.55Total rate 4.30% → 4.55% · 10 days after the RBA rise to 4.10%
      +0.25

  1. #31FebFeb 2026: ranked 31 of 42
  2. #41MarMar 2026: ranked 41 of 64
  3. #49AprApr 2026: ranked 49 of 76
  4. #57MayMay 2026: ranked 57 of 79
  5. #52JunJune 2026: ranked 52 of 79
  6. #53JulJuly 2026: ranked 53 of 80
  7. #53AugAug 2026: ranked 53 of 80
  8. #66SepSep 2026: ranked 66 of 120
  9. #70OctOct 2026: ranked 70 of 150
  10. #71NowNov 2026: ranked 71 of 151
  • Top 5%
  • Top 10%
  • Top 25%
  • Top half
  • Lower half

Mostly outside the top half of accounts over the last 10 months: from #70 of 150 in Oct 2026 to #31 of 42 in Feb 2026.

Interest a year
$2,500
Each month
$208
Against the average (4.37%)
+$316

On a $50,000 balance. Type yours above; it's kept with your savings preferences.

$1 – $5M5.00%
$5M+0.05%

No monthly conditions and no minimum deposit. New accounts get an introductory bonus for their first 4 months. The rate is paid on balances up to $5 million.

Notes from savers

to leave a note.

Often compared with: BOQ Future Saver Account

Other BOQ accounts: Future Saver Account (ages 14–17) 6.00% · Future Saver Account 6.00% · Smart Saver Account 5.65%

Pays 5.00% p.a. with no bonus conditions as of 1 November 2026. Ranks 71st of 151 savings accounts tracked by BankMate, 0.63 points above the average of 4.37%. The rate last rose on 9 October 2026, 9 days after the RBA raised the cash rate to 4.60%. From BOQ's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·