Fast Track Starter Account

Our youth savings account for 14-24 year olds

2.75 % P.A.

Bonus interest rate for balances up to $10,000*

This account is no longer available for sale to both new and existing customers from 1st April 2025.

Please note

New customers:

This savings account is no longer available to new customers and has been replaced by the new myBOQ Future Saver Account available exclusively through the new myBOQ app.

Learn about Future Saver Account

Current customers:

Existing Fast Track Starter Account customers are still able to access their account as normal via Internet Banking.
As an existing Fast Track Starter Account holder, please note this account is not accessible from the myBOQ mobile app, which only supports new app-exclusive accounts and transaction types.

How to Earn Bonus Interest (Bonus Criteria)

Here's how you can earn your Bonus Interest with our Fast Track Starter Account.

Bonus Criteria

Deposit a minimum of $200 into your linked Day2Day Plus Account each month from an external source- like your pay

From your linked Day2Day Plus Account each month such as Visa Debit Card or eftpos card purchases (settled, not pending transactions), ATM withdrawals or direct debits

Once you've met the Bonus Criteria*

Important Information

You will earn 2.75% p.a. of Bonus Interest for your account balance up to $10,000 in the following month
If your account balance is between $10,000 and $250,000, your Bonus Interest will be 2.25%p.a.
For balances over $250,000 the Base Rate of 0.05% p.a. applies
You will earn the Base Rate in the first month you open your account and any month you don't meet the Bonus Criteria
You need to have access to Internet Banking as this is an online savings account

Here's an example of how it works:

We're award winning

Awarded Rate City’s Gold Award 2021 for Best Savings Account Young Adults

Winner, winner

Our Fast Track Starter Account is literally a winner. We're proud to announce our Fast Track Starter Account was recently awarded the 2021 Rate City Gold Award for Best Savings Account Young Adults - making it the ideal account for 14-24 year olds looking to save.

Fees & Interest rates

When it comes to savings, we keep our fees to a minimum & rates to a max! Any fees we do have we’ll show you up front so there are no surprises.

Balance	Base + Bonus Interest variable rate % p.a.*	Base variable rate % p.a.
$1 to $10,000	2.75	0.05
$10,000.01 to $250,000	2.25	0.05

Interest rates are variable rates and are subject to change at any time without notice. Interest is calculated daily on a stepped basis and paid monthly on the first day of the following month.

Features	Applicable Fees
Account Maintenance Fee	Nil

A full list of fees can be found in our Fees and Charges Guide.

Important documents

FAQs

What is myBOQ?

myBOQ is our all new mobile banking app that makes it easy for you to do your banking with BOQ. It comes with a full suite of new savings and transaction account products that take the hassel out of your everyday banking and gives you complete control over how you use your money.

With myBOQ, we've made it easy for you to keep on top of your bills, stick to a budget and save more. Some of the exclusive banking features on myBOQ include:

Bill Tracker
Purchase Round Ups
Fast payments with Osko and PayID
Live in-app chat with a dedicated myBOQ support team

Discover the new myBOQ app how it can help you bank better with BOQ.

Learn about myBOQ

More FAQs

Click below to access our FAQs page.

Help & Support FAQs

What else can we help you with?

Monthly account keeping fee

Everyday banking with no monthly account keeping fees

Everyday Account

Our simple, intuitive everyday transaction account, made even better for you with user-friendly features that help you make the most of your money.

Access your money whenever you need, exclusively on myBOQ mobile app. Please note: As an app-exclusive account, it cannot be accessed via Internet Banking.
Managing your money has never been easier, with in-app spend tracking to help you budget better and bill tracker to give you a heads up when bills are due.
Fast, easy payments. Pay or be paid instantly with PayID.
Open an Everyday Account directly within the myBOQ app and start banking with BOQ today!

Learn about our Everyday Account Apply now

Q rewards® Offer

100,000 bonus Q Rewards® Points⁶

earn q rewards® points and enjoy Travel Perks

Platinum Visa Credit Card

The Platinum rewards card that has you covered, from purchases to rewards alongside our everyday earn rate of 2 Q Rewards® Points earned on every dollar of eligible spend.⁴ Including complimentary insurance and extended warranties (terms, conditions, limits and exclusions apply).¹

Note: complimentary travel insurances will no longer be available from 15 May 2026. Find out more here.

Earn 100,000 bonus Q Rewards® points when you spend $4,500 on Eligible Transactions within 3 months from approval⁶
0% p.a. on balance transfers for 12 months, reverting to the cash advance rate thereafter. 1% balance transfer fee applies. You will be charged interest on retail purchases while you have a balance transfer⁷

Apply now Learn more

You can earn

4.90 ^{%p.a.^{^^}}

On deposit balances up to $250,000

BONUS INTEREST VARIABLE RATE FOR BALANCES UP TO $250,000 IF BONUS INTEREST CRITERIA MET^**

Smart Saver Account

Our high interest savings account for customers 36 years or older.

Available on the myBOQ app
No monthly account fees
Comes linked with an Everyday Transaction Account
Earn bonus interest each month when you meet the bonus interest criteria**

Learn about Smart Saver Apply now