From 1 May, we've updated our deposit products to provide a consistent banking experience for all customers. Learn more.
Term Deposit Rates
This may change without notice. You should check the current rate on application.
Minimum amount deposit amount of $500 for all terms. The interest rates shown are for an amount of $500 to $3,000,000. To obtain an interest rate for an amount of $3,000,000 or more, please call us or visit your nearest branch.
These term deposits have the option of interest paid monthly (except 3 and 9 month terms), at maturity (terms < 12 months) or annually and at maturity (terms > 12 months).
Term Deposits (no longer available)
New and renew term deposits are not available for 5, 7 or 11 months terms from 1 May 2026. Existing special term deposits will rollover to the nearest available term.
Interest paid monthly is not available for 3 and 9 month term deposits from 1 May 2026. Existing term deposits will roll over to interest paid at maturity.
Your deposits up to $250,000 are safe with us
Eligible deposits held with Qudos Bank are protected under the Financial Claims Scheme up to $250,000 per account holder. Read more on our Government Guarantee on Deposits page or watch our informational video.
Open a Term Deposit Account
Are you an existing Qudos Bank member?
Before you can apply for a personal term deposit, you'll need to become a member of Qudos Bank.
It's easy to join online in just a few minutes!
- Open a General Savings Account online.
- Once you've opened your account, login to Online Banking.
- Click on the Apply and Create Account buttons in the top menu.
- 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
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Minimum amount deposit amount of $500 for all terms. The interest rates shown are for an amount of $500 to $3,000,000.
Interest can be payable monthly (except 3 and 9 month terms), at maturity (terms < 12 months) or annually and at maturity (terms > 12 months). New and renew term deposits are not available for 5, 7 or 11 months terms from 1 May 2026.
Subject to our approval, you may withdraw or transfer the balance of your term deposit early by giving us 31 days' notice. If you choose to do this, we will reduce the interest rate on the term deposit from the date it was opened until the date of withdrawal or transfer by 2% per annum. If your rate is less than 2% p.a. you will receive no interest. If you have already been paid interest, the reduction will be deducted from the balance of the term deposit.
The information on this page has been prepared without taking into account any person’s financial situation, needs and objectives. Before you make any decisions you should consider whether it is right for you and seek independent legal, financial and taxation advice.
You should read our Terms and Conditions for Savings Accounts and Payment Services, Supplementary Terms and Conditions for Term Deposits, and Financial Services Guide before deciding whether to obtain any of our financial products or services. Target Market Determination available here.
© Bank Australia Limited trading as Qudos Bank ABN 21 087 651 607 AFSL / Australian Credit Licence Number 238431
We respectfully acknowledge the Traditional Custodians of all the lands on which we live and work, and we pay our respects to Elders past and present. We recognise their continued connection to the land, waters and culture and we acknowledge that sovereignty has never been ceded. Our head offices are located on the land of the Wurundjeri Woi Wurrung people of the Kulin Nation in Victoria, and the land of the Gadigal people of the Eora Nation in New South Wales.
We are an equal opportunity employer that celebrates the diversity, equity and inclusion of all people.
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