Other features and benefits
1.
Safeguard your savings
Earn a competitively high rate on your term deposit, helping you get to your savings goal faster.
2.
Open an account
Complete our Term Deposit enquiry form to open an account. If you are an existing customer you can open an Term Deposit account directly through Online Banking.
3.
Start earning interest
Once you have deposited the amount, you can start earning interest. Interest is calculated daily and there is a variety of interest payment options available. ^
^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. Visit www.qudosbank.com.au/products/savings-accounts/term-deposit to compare the interest rates across all Term Deposit terms.
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 and Financial Services Guide.
Rates current as at 23 November 2023