Smart Saver (ages 36+) accounts by 0.25% p.a.up to a maximum balance of $50,000 wholistically. Savers can open up to nine Future Saver accounts, each eligible to receive the rate of 4.90% p.a. rate, savers must deposit $1,000 and make five settled card transactions on their linked Everyday Account every month.
comes into effect from Thursday 23 February 2023 for those with a maximum balance of $50,000. to become the savings account market leader based on research. This increase sees BOQ's Future Saver account once more overtake ING's Savings Maximiser rate of 4.80% p.a. Some nine days later, Bank of Queensland (BOQ) has announced an increase to savings accounts lifting its Future Saver savings account for Aussies aged 14-35 by 15 basis points - 10 basis points less than the full RBA increase of 25 basis points.
The Queensland-based bank had immediately responded to RBA's cash rate increase on 8 February announcing an increase to variable rate mortgage holders, placing its savings rates under review.
