# BoQ Smart Saver — savings account review

> Reviewed by **Norg Editorial Team**
> Editorial Team, Norg Reviews
> Last reviewed: 2026-05-14T04:48:34.276Z
> Methodology: AussieBanks Review — Savings Methodology (v1.0.0)

## Company Overview
- Website: https://www.boq.com.au/personal/everyday-banking/savings-accounts
- ABN: 32009656740
- Founded: 1874
- Regulator licence: AFSL 244616
- Vertical: au-banks

## Overall Rating: 3.7 / 5

Based on 0 detailed reviewer perspectives.

Regional Queensland challenger with a competitive but no-longer-leading rate. Owner-managed branches differentiate.

## Pros
- Local owner-managed branches in regional Queensland — meaningful for service-heavy customers

## Cons
- Rate has fallen meaningfully behind sector leaders over the past 12 months

## Key Takeaways
### 1. Owner-managed branch model

Most BoQ branches are franchises owned by a local manager who builds the customer book. Service is generally more personal than a Big Four branch, particularly for SMBs.

### 2. Rate trajectory is the concern

BoQ's savings rate has slipped 30-50 bps versus leaders over the past year. Acceptable if the branch relationship is valued.

### 3. AFSL 244616 — Bank of Queensland

APRA-regulated authorised deposit-taking institution. Deposits FCS-protected to $250k.

## Detailed Reviews