Bank of Queensland stock: savings rates rise by up to 0.25%

Published on 11/13/2026 at 20:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bank of Queensland stock trades at 4.35 euros on Lang & Schwarz at 20:33 CET Friday. The bank raised eligible savings rates by up to 0.25%.

Deposit rates rise at BOQ

Bank of Queensland raised eligible savings and deposit rates by up to 0.25 percentage points from Friday, November 13.
The move followed the Reserve Bank of Australia's November cash-rate increase to 4.85%.
Higher deposit costs may support customer retention while adding pressure to the bank's funding expenses.

BOQ, AU000000BOQ8, Illustration mit AI erstellt.

Bank of Queensland raised interest rates on eligible savings and deposit accounts by up to 0.25 percentage points from Friday, November 13, according to a November 13 update by Savings.com.au. The changes apply to new and existing customers.

The Future Saver account for customers aged 14 to 35 now offers a bonus rate of 6.20% per year on balances up to 50,000 Australian dollars when monthly conditions are met, up from 5.95%. Its highest stated rate is 6.25% per year for balances up to 50,000 Australian dollars.

For customers aged 36 and over, the Smart Saver bonus rate rose to 5.80% from 5.60% on balances up to 250,000 Australian dollars. The maximum stated rate is 5.85% when the monthly bonus conditions are met.

Funding costs and customer pricing

BOQ also lifted the standard variable rate on its Simple Saver account to 5.20% from 5.00% for balances up to 5 million Australian dollars. A 0.55% introductory rate remains available for eligible new accounts during the first four months, taking the top introductory rate to 5.75%.

The rate changes followed the Reserve Bank of Australia's 25-basis-point cash-rate increase to 4.85% on November 3. For BOQ, higher deposit rates can make savings products more competitive, but they also increase the interest expense attached to customer funding.

Bank of Queensland stock traded at 4.35 euros on Lang & Schwarz at 20:33 CET on Friday, November 13.