Virgin Money Boost Saver
Bonus savings account
14 or older
5.30%p.a.
0.05% base + 5.25% bonus
To earn the bonus each month
- Additional variable interest rate earned on a Boost Saver where the optional Lock Saver Feature is enabled.
Virgin Money Australia savings account rates
Bank of Queensland Limited, trading as Virgin Money · Online bank
Virgin Money's best ongoing savings rate is 5.30% p.a. on Virgin Money Boost Saver, in months when you meet its bonus conditions.
Verified 2 Nov 2026
Key facts
- Top savings rate
- 5.30% p.a.
- Deposit protection
- $250,000 per account holder
- Credit cards
- 5 cards from Virgin Money
Virgin Money Boost Saver, in months you meet the bonus conditions
Financial Claims Scheme, shared with BOQ
In our credit card catalog
What would your money earn at Virgin Money?
Type any amount and pick an account. Estimates are before tax and assume the rate stays the same.
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Account
Assumes you meet the bonus conditions every month.
Interest over 12 months
$1,358
5.30% p.a. in every month you meet the bonus conditions. A month that misses them earns 0.05% p.a.
Virgin Money Virgin Money Boost Saver$1,358
ING Savings Maximiser, 5.75% p.a.$1,476
That is $118 less than the highest savings rate in Australia would pay on the same amount.
Virgin Money rates
Every rate is variable. Bonus rates show as the total you earn, with the base and bonus parts underneath.
Virgin Money Grow Saver
Bonus savings account
14 or older
3.30%p.a.
0.05% base + 3.25% bonus
To earn the bonus each month
- Additional variable interest rate earned on a Grow Saver where the optional Lock Saver Feature is enabled.
How Virgin Money compares with other banks in Australia
Every bank we track in Australia, ranked by its best ongoing savings rate, with its 12-month term deposit. Verified 2 Nov 2026.
| # | Bank | Top savings rate | 12-month term deposit |
|---|---|---|---|
| 1 |  ING | 5.75% p.a.Savings Maximiser, monthly conditions | 5.30% p.a.Personal Term Deposits |
| 2 |  St.George | 5.40% p.a.Incentive Saver, monthly conditions | 4.75% p.a.Term Deposit |
| 3 |  Bank Australia | 5.35% p.a.Bonus Saver, monthly conditions | 5.60% p.a.Term Deposit |
| 4 |  Teachers Mutual Bank | 5.35% p.a.Momentum Saver, monthly conditions | 5.35% p.a.Term Deposit |
| 5 |  ANZ | 5.35% p.a.ANZ Plus Growth Saver, monthly conditions | 5.30% p.a.ANZ Advance Notice Term Deposit |
| 6 |  Bankwest | 5.35% p.a.Hero Saver, monthly conditions | 5.30% p.a.Bankwest Term Deposit |
| 7 | Virgin Money | 5.30% p.a.Virgin Money Boost Saver, monthly conditions | Not published |
| 8 |  Macquarie | 5.25% p.a.Macquarie Savings Account | 5.40% p.a.Macquarie Term Deposit |
| 9 |  CommBank | 5.25% p.a.GoalSaver, monthly conditions | 5.30% p.a.Standard Term Deposit |
| 10 |  NAB | 5.25% p.a.NAB Reward Saver, monthly conditions | 5.30% p.a.NAB Term Deposit |
| 11 |  Westpac | 5.25% p.a.Westpac Life, monthly conditions | 5.30% p.a.Term Deposit |
| 12 |  BOQ | 5.00% p.a.Simple Saver Account | 5.40% p.a.myBOQ Term Deposit |
| 13 |  Bendigo Bank | 5.00% p.a.Bendigo Reward Saver, monthly conditions | 4.90% p.a.Standard Term Deposit |
| 14 |  Beyond Bank | 4.90% p.a.Purple Bonus Saver, monthly conditions | 4.90% p.a.Term Deposit |
Who can open them, and how safe is the money?
Who can open each account
- Virgin Money Boost Saver
- 14 or older
- Virgin Money Grow Saver
- 14 or older
Is my money protected?
The Australian Government's Financial Claims Scheme covers deposits at Virgin Money up to $250,000 per account holder. BOQ is part of the same bank, so money at both counts toward that one limit.
Questions about Virgin Money savings accounts
Community
Virgin Money savers will soon be able to report whether their bonus rate paid out each month, and ask other savers questions.
Cards issued by Virgin Money
Virgin Money No Annual Fee Credit Card$0 annual fee
Virgin Money Low Rate Credit Card$99 annual fee
Virgin Australia Velocity Flyer Credit Card$169 annual fee
Other banks in Australia
- INGSavings 5.75% p.a.12-month 5.30% p.a.
- St.GeorgeSavings 5.40% p.a.12-month 4.75% p.a.
- BankwestSavings 5.35% p.a.12-month 5.30% p.a.
- Teachers Mutual BankSavings 5.35% p.a.12-month 5.35% p.a.
- ANZSavings 5.35% p.a.12-month 5.30% p.a.
- Bank AustraliaSavings 5.35% p.a.12-month 5.60% p.a.
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