BankMate

Savings account · 36+ years

BOQ Smart Saver Account

5.65%p.a. total

0.05% base + 5.60% bonus when the conditions are met

7th of 151 savings accounts · market average 4.37%

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

What the bonus asks

2 things each month
Each month
  1. A deposit of at least $1,000
  2. 5 card purchases
A month without them

Pays the 0.05% base rate on the whole balance.

Who can open it

Anyone 36 or over

Balance

The bonus is paid on balances up to $250,000.

Compare all 151 accounts

Rate history

Last change 9 Oct
  • Smart Saver Account
  • RBA cash rate
  • Market average
4.004.505.005.50MarMayJulSepToday5.65% p.a. today

October 20261 change

  1. 9Fri
    • 5.40 → 5.65Bonus rate 5.35% → 5.60% · 9 days after the RBA rise to 4.60%
      +0.25

September 20261 change

  1. 23Wed
    • 5.15 → 5.40Bonus rate 5.10% → 5.35%
      +0.25

March 20261 change

  1. 28Sat
    • 4.85 → 5.15Bonus rate 4.80% → 5.10% · 10 days after the RBA rise to 4.10%
      +0.30

  1. #4FebFeb 2026: ranked 4 of 42
  2. #5MarMar 2026: ranked 5 of 64
  3. #7AprApr 2026: ranked 7 of 76
  4. #15MayMay 2026: ranked 15 of 79
  5. #21JunJune 2026: ranked 21 of 79
  6. #22JulJuly 2026: ranked 22 of 80
  7. #22AugAug 2026: ranked 22 of 80
  8. #9SepSep 2026: ranked 9 of 120
  9. #6OctOct 2026: ranked 6 of 150
  10. #7NowNov 2026: ranked 7 of 151
  • Top 5%
  • Top 10%
  • Top 25%
  • Top half
  • Lower half

In the top 10% for 6 of the last 10 months. Never below the top 50%.

A year meeting the conditions
$2,825
A year without meeting the conditions
$25
Against the average (4.37%)
+$641

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

Up to $250k5.65%
$250k+0.05%

Notes from savers

to leave a note.

Other BOQ accounts: Future Saver Account (ages 14–17) 6.00% · Future Saver Account 6.00% · Simple Saver Account 5.00%

Pays 5.65% p.a. total (0.05% base plus 5.60% bonus) as of 1 November 2026. Ranks 7th of 151 savings accounts tracked by BankMate, 1.28 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%. Read from the bank's published pages. Compare savings accounts ·