Qudos Bank Term Deposit Rates

Rates current as at 28 February 2024

Compare the interest rates across all Term Deposit terms.

Term Deposits

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 Deposits Special Offers

Term Minimum $10,000
5 Months 4.70% p.a.
7 Months 4.85% p.a.
11 Months 4.90% p.a.



Govenment guarantee logo

Your deposits are safe with us

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. 


Open a Term Deposit Account

Are you an existing Qudos Bank member?

Open your personal term deposit account in Online Banking

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.

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!

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

Looking to open a self-managed super fund, joint or business Term Deposit account?

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.

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. 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.

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.

Rates current as at 28 February 2024 and subject to change.

© Qudos Mutual Limited trading as Qudos Bank ABN 53 087 650 557 AFSL/Australian Credit Licence 238 305