The Finance Algorithm
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Private Access Account

The BOQ Specialist Private Access account allows you to make deposits and transfer funds at any time, requires no ongoing minimum balance and pays a competitive variable rate of interest on your entire balance. A good choice for you if you want daily access to your funds and you prefer a variable interest rate.

Savings & transaction accountsBank updated 3 June 2026
Apply at BOQ Specialist ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Base rate
3.50%

How it compares

This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

This account: 3.50%Every other institution's highest, 60 in all

Paid whatever you deposit or spend. One dot per institution, at its highest savings rate with no bonus conditions anyone can apply for; hover or tap a dot for its name.

RateThis accountBest anywhereTypical institutionWhere it sits
No bonus conditionsPaid whatever you deposit or spend3.50%4.80%MoveBank's Online Saver2.25%of 61 institutions16th highest of 61, level with 3 others

Rates

The one rate BOQ Specialist publishes for this account.

TypeApplies toTermBandRateComparisonConditions
VariableInterest paid monthly---3.50%-paid every 1 mo

Rate changes

One change logged, newest first.

DateRateWasNowChange
10 Oct 2026Variable3.25%3.50%up 0.25

Each change is logged the night it appears in the rates BOQ Specialist publishes. See how every lender answered the RBA on the rate tracker.

Fees

13 fees published, grouped by when they're charged.

When you take it out1

  • Optional Overdraft Facility Application Fee

    If your Overdraft is approved and established, the Application Fee will be debited from your Account

    No fee

When you make a transaction4

  • Direct Debit Fee
    No fee
  • Transaction Fee (international)

    Payable when you transfer money to a Beneficiary with a bank account held at an overseas financial institution or Foreign Currency transfer to an australian financial institution.

    $30
  • Transaction Fee (overnight)
    No fee
  • Transaction Fee Real Time Gross Settlement (RTGS) - which is a same day payment request

    Payable for each Real Time Gross Settlement (RTGS) transaction

    $30

If a payment is late or fails1

  • Dishonour Fee

    Charged if there are insufficient cleared funds available to cover the value of a direct debit being processed

    $45

When particular things happen7

  • Duplicate and Interim Statement Fee

    Charged for each Duplicate and Interim statement issued

    $5
  • Bank Audit Certificate

    Charged for each Bank Audit Certificate issued as part of an audit request

    $30
  • Bank Cheque Fee

    Charged for issuing a bank cheque

    $10
  • Overdrawn Account Fee

    Charged if we honour a transaction that overdraws your account

    $15
  • Trace Fee

    Charged for each request to perform a trace on any transaction type

    $20
  • Online Banking Security credential
    No fee
  • Replacement of Online Banking security credential

    Charged for each replacement Online Banking security credential issued

    $50

Features

Digital banking
  • No minimum balance requirements
  • A savings account with funds available on demand
  • Competitive interest rate on credit balances
  • No monthly account keeping fees
  • Interest calculated daily and paid monthly

Eligibility and limits

  • Minimum age 18
  • Residency: Resident or Citizen
  • Opening balance $10,000
  • Exclusively available to medical professionals and accountants

Published by BOQ Specialist under the Consumer Data Right, last changed by them on 3 June 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.