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: 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
1. Local owner-managed branches in regional Queensland — meaningful for service-heavy customers

CONS
1. 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