Monday 18 May - Delay to limit changes: Previously communicated limit changes expected to take effect on Monday 18 May have been delayed until August. Customers will be provided with more information closer to the new effective date.
Planned Maintenance - Digital Banking Services - Sunday 24 May 2026 - Find out more.
Bonus Saver
Earn up to
Variable rate
On balances up to $100,000
Existing customer? Log in to Online Banking.
Earn bonus interest
Earn bonus rate when you make a deposit of at least $100 and make no withdrawals in a calender month. Interest rate calculated daily and credited on the last day of the calendar month.
No account fees
Enjoy no account keeping fees, monthly fees or domestic online transfer fees. That's more cash in your account. Plus start saving sooner with no minimum balance required to open your account.
Online access
Access your funds through Online Banking and the app, or by visiting your nearest branch. You can also pay your bills via BPAY® and setup direct credits straight into your account.
Please note, there is no direct access via card to your Bonus Saver. For access you need to move funds into your General Savings Account.
Total bonus interest rate
Base variable rate
Bonus variable rate
Total bonus interest rate
The base variable interest rate and bonus variable interest rates apply to your Bonus Saver account if bonus interest conditions are met.
Our rates & terms
Make a deposit of at least $100 and no withdrawals each month to get the maximum rate.
~ A base rate of interest is applied if bonus interest conditions aren't met. Bonus interest rate is applied to the balance of your account when you make a deposit of at least $100 and no withdrawals in any calendar month.
Interest rate is variable, calculated daily on whole of balance and credited monthly. One interest rate applies to the entire balance. The interest rate depends on account balance.
3 steps to open your new account
Already a Qudos Bank customer?
Existing customers can open an account directly via Online Banking.
New to Qudos Bank?
Follow these 3 steps to get started.
Step 1
Before you start your application, please have your smartphone and your current Australian driver's licence or Australian passport handy.
Step 2
As part of account opening, we will verify your identity electronically through a third party provider.
Step 3
Complete your application and start using your new Qudos Bank account.
Start your application
Calculate
Use our full range of savings calculators which may help you better manage your finances, including Budget Planner, Term Deposit Calculator and other calculators.
Banking with Qudos Bank
100% Australian based contact centre
24/7 access to digital banking & digital wallets
Proudly 100% customer-owned
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.
Frequently Asked Questions
What is a Bonus Interest Savings account?
A Bonus Interest Savings Account is a type of savings account that offers customers the opportunity to earn bonus interest on their savings. This bonus interest is typically given when the account holder meets certain criteria, such as maintaining a minimum balance, making regular deposits, or making no withdrawals within a specific period.
What are the benefits of Bonus Interest Saver accounts?
Bonus Interest Savings Accounts come with many benefits that can make them a great choice for people looking to grow their savings:
- Higher Interest Rates: Bonus Saver interest rates are generally higher compared to regular savings accounts, allowing your savings to grow faster.
- Incentivised Saving: Savings accounts with bonus interest accounts encourage you to save more by rewarding you with bonus interest when you meet the criteria, such as maintaining a certain balance or making regular deposits.
- Flexible Access: While there may be conditions to earn the bonus interest, you typically still have access to your funds when needed, providing a balance between saving and accessibility.
- Financial Goals: Bonus Savings Accounts may be a useful tool for achieving financial goals, as the bonus interest could significantly boost your savings over time.
What features should I look for in a Bonus Interest Saver account?
When considering a Bonus Interest Saver Account, keep an eye out for the following features:
- Bonus Criteria: Understand the requirements you need to meet to earn the bonus interest. This could include maintaining a minimum balance, making regular deposits, or sticking to withdrawal limits.
- Interest Rates: Compare the standard interest rate and the bonus interest rate offered. Higher rates mean more substantial earnings on your savings.
- Fees: Check for account maintenance fees or any penalties for not meeting the bonus criteria. Make sure the potential benefits outweigh the costs.
- Accessibility: Evaluate how easily you can access your funds when required. Ensure the account strikes a balance between earning interest and withdrawing money.
- Online Banking: Convenient online access can simplify account management, which could allow you to track your progress toward meeting bonus conditions.
What is the difference between a bonus interest saver account and a regular savings account?
The key difference between a Bonus Saver Interest Account and a regular savings account lies in the potential to earn bonus interest. While both account types facilitate saving, a Bonus Saver Interest Account offers an additional incentive in the form of bonus interest. To earn this bonus interest, account holders must meet specific criteria, which is typically not a feature of most regular savings accounts.
What happens if I don't meet the conditions for earning bonus interest?
If you fail to meet the conditions required to earn bonus interest in a Bonus Interest Saver Account, you’ll typically earn the standard base interest rate instead. It's important to review the terms and conditions of the account to understand how the bonus interest works and what happens if you don't fulfil the requirements.
Where can I learn more about bonus interest saver accounts?
To learn more about savings account bonuses, contact Qudos Bank to speak to our team who will be able to provide you with more information.
How many Bonus Saver accounts can I have per membership?
You can only have one Bonus Saver account with Qudos Bank per membership.
Documents and forms
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 and Financial Services Guide before deciding whether to obtain any of our financial products or services. Target Market Determinations available here.
BPAY is a registered trade mark of BPAY Pty Ltd ABN 69 079 137 518.
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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