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Rates current as at 28 February 2024
Compare the interest rates across all Term Deposit terms.
Term | $2,000 to $4,999 | $5,000 to $9,999 | $10,000 and over |
3 Months | 4.50% p.a. | 4.50% p.a. | 4.50% p.a. |
6 Months | N/A | 4.85% p.a. | 4.85% p.a. |
9 Months | N/A | 4.90% p.a. | 4.90% p.a. |
12 Months | N/A | 5.00% p.a. | 5.00% p.a. |
24 Months | N/A | 4.70% p.a. | 4.70% p.a. |
36 Months | N/A | 4.50% p.a. | 4.50% p.a. |
Term | Minimum $10,000 |
5 Months | 4.70% p.a. |
7 Months | 4.85% p.a. |
11 Months | 4.90% p.a. |
Qudos Bank is protected under the Financial Claims Scheme up to $250,000 per customer. Read more on our Government Guarantee on Deposits page or watch our informational video.
Are you an existing Qudos Bank member?
Open your account online in just a few easy steps!
1. Login to Online Banking.
2. Click on the Apply and Create Account buttons in the top menu.
3. Select your term and interest options and follow the prompts to open your account.
It's easy to join online in just a few minutes!
1. Open a General Savings Account online.
2. Once you've opened your account, login to Online Banking.
3. Click on the Apply and Create Account buttons in the top menu.
4. Select your term and interest options and follow the prompts to open your term deposit account.
Note: to open a new joint account both parties must be present
Simply submit your enquiry and our team can walk you through the process to open your account. Alternatively give us a call on 1300 747 747.
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Interest can be payable monthly (standard terms only), or at maturity (terms <12 months, including special terms) or annually and at maturity (terms>12 months). Standard terms are available for 3, 6, 9, 12, 24 and 36 months. Special terms available for 5, 7 and 11 months.
You may withdraw or transfer the balance of your term deposit early by giving us 31 days notice. However if you do, we will reduce the interest on the term deposit from the date it was opened until the date of withdrawal or transfer by 2% per annum, or the term deposit rate if it is less than 2%. We have the discretion to delay the withdrawal or transfer until the end of the notice period (but not beyond the maturity date). If you have already been paid interest, the reduction will be deducted from the balance of the term deposit
As the information on this page is of a general nature and has been prepared without considering your objectives, financial situation or needs, before acting on the information, consider its appropriateness to your circumstances.
Before opening an account with us, you should read our Terms and Conditions for Savings Accounts and Payment Services, Supplementary Terms and Conditions for Term Deposits and Financial Services Guide.
Rates current as at 28 February 2024
© Qudos Mutual Limited trading as Qudos Bank ABN 53 087 650 557 AFSL/Australian Credit Licence 238 305