Term Deposit Rates
Make every cent count
This may change without notice. You should check the current rate on application.
The interest rates shown are for a minimum amount of $5,000, except for the 3 month term which has a minimum deposit amount of $2,000.
These term deposits have the option of interest paid monthly (all terms), at maturity (terms < 12 months) or annually and at maturity (terms > 12 months).
New term deposits are not available for 5, 7 or 11 months terms from 21 August 2025. Existing special term deposits will rollover to the below rates.
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.
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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. New term deposits are not available for 5, 7 or 11 months terms from 21 August 2025.
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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