Bank Of Queensland Savings & Transaction Accounts - Savings Accounts

Bank Of Queensland

Bank of Queensland Savings Accounts Snapshots

Bank of Queensland is a financial institution that is over a hundred years old, and was originally known as the Brisbane Permanent Benefit Building and Investment Society. It was erected in 1874 and was actually the earliest permanent edifice ever put up in Queensland.

Approximately 13 years later, the society transformed itself into a mid-sized bank. The transformation was soon followed by a series of mergers with several other financial establishments in Queensland, actions that eventually made the establishment become a fully-operational trading bank by 1942.

Following fully computerized operations in 1970, the bank took on its current name of Bank of Queensland. This was then complemented by several acquisitions in 1982, with the most notable being that of the Bank of Queensland Savings Bank Ltd., because it marked a major bank decision to become heavily involved in the savings field, a decision that proved to be quite successful.

Today, the bank offers the widest range of savings options in Queensland. Following below are Bank of Queensland snapshot of the savings accounts that this particular financial institution is known to offer its many customers.

First off is the web-based savings account where you can easily gain access to cash through the Internet, via in-branch transaction, and through EasyPhone. Unlike in other banks, this particular savings account at Bank of Queensland does not have any maintenance fee apart from allowing you to freely transfer money from one bank branch account to another.

Then there is the Bonus Interest Savings Account which has an opening account amount requirement. If you keep your withdrawal to a minimum of once a month, you are entitled to receive an additional interest that goes directly to your Bonus Interest Savings Account.

Cash Management Account, meanwhile, is more for high-income earners since it requires a higher-than-average balance maintenance. In return, though, you get a higher-than-average interest rate.

Finally, there is the Premier Investment Account which is the equivalent of the term deposit or time deposit account. When choosing this particular savings type, you can opt to save your money for as short as 28 days to as long as five years.