The Finance Algorithm
BOQ Specialist

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
At a glance
Base rate
3.25%
§ 01 — Rates · 1
TypeApplies toTermBandRateComparisonConditions
VariableInterest paid monthly3.25%paid every 1 mo
§ 02 — Fees · 13
FeeTypeAmountWhenNotes
Dishonour FeeDishonour$45Charged if there are insufficient cleared funds available to cover the value of a direct debit being processed
Duplicate and Interim Statement FeeEnquiry$5Charged for each Duplicate and Interim statement issued
Bank Audit CertificateEvent$30Charged for each Bank Audit Certificate issued as part of an audit request
Bank Cheque FeeEvent$10Charged for issuing a bank cheque
Overdrawn Account FeeEvent$15Charged if we honour a transaction that overdraws your account
Trace FeeEvent$20Charged for each request to perform a trace on any transaction type
Direct Debit FeePaymentNo fee
Online Banking Security credentialReplacementNo fee
Replacement of Online Banking security credentialReplacement$50Charged for each replacement Online Banking security credential issued
Transaction Fee (international)Transaction$30Payable 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.
Transaction Fee (overnight)TransactionNo fee
Transaction Fee Real Time Gross Settlement (RTGS) - which is a same day payment requestTransaction$30Payable for each Real Time Gross Settlement (RTGS) transaction
Optional Overdraft Facility Application FeeUpfrontNo feeIf your Overdraft is approved and established, the Application Fee will be debited from your Account
§ 03 — 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
§ 04 — Eligibility & 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.