Bonus saver

Get what you want sooner with bonus interest.

An Unsecured Personal Overdraft is a line of credit that allows you to control your expenditure while giving you financial flexibility.

  • $0 account keeping fees
  • Only pay interest on what you use
  • Linked directly to your savings accounts

A car loan that actually takes you places. Start earning Qantas Points* from day one and make your next trip a reality.

  • Earn 1000 Qantas Points* per annum for every $1000 of the average balance of your car loan, credited monthly
  • Complimentary Qantas Frequent Flyer membership*
  • Borrow up to $150,0002

With great rates and no fees on any of our personal loan products, get what you want now, and feel great knowing you're getting a great deal.

  • $0 account keeping fees
  • A low variable interest rate
  • Borrow up to $25,000. Minimum amount $5,000

Shopping for your dream car, caravan, boat or motorcycle? If your new purchase is less than 5 years old, then this is the loan for you with a low interest rate.

  • $0 account keeping fees
  • Competitive variable interest rate
  • Borrow up to $150,000.2 Minimum amount $10,000

Savings made simple. Take your savings to the next level, with Qudos Bank's QSaver. Interest rate of 4.45% p.a. applies for balances above $500,000.

  • $0 account keeping fees
  • No minimum balance or fixed term
  • Direct debit and external funds transfer available

Boost your savings when you make no withdrawals in a calendar month. Start building a strong financial future with no minimum deposit.

  • Base rate of 0.05% p.a. applies to all balances
  • Bonus rate of 4.70% p.a. when no withdrawals in a calendar month~
  • Interest calculated daily & credited monthly

Saving has never been more rewarding. Earn more than just interest, plus get a complimentary Qantas Frequent Flyer membership*.

  • Earn 400 Qantas Points* per annum for every $1,000 of your average balance
  • Qantas Points can be earned on balances up to $1,000,000*
  • No penalties for withdrawing funds

This loan is designed to facilitate large renovation projects, knock-down rebuilds and new builds. You’ll get access to awesome features including:

  • Pay interest only on the funds used
  • Interest-only period during construction
  • Low establishment fee & multiple offsets included

Explore extra features, plus enjoy a competitive rate ($199 annual fee applies).

  • Multiple offset accounts
  • Extra repayments at no cost
  • Fee waivers across other credit products

All the flexible loan features you love while boosting your Qantas Frequent Flyer points.

  • Earn Qantas Points on your loan balance*
  • Multiple offset accounts
  • Instant redraw

Enjoy fixed repayments that’ll bring a bit of certainty in uncertain times.

  • Fixed interest rate
  • Split loans available
  • Extra repayments up to $10,000 per year

Enjoy a wide variety of flexible loan features plus a delightfully competitive variable rate.

  • Multiple offset accounts
  • Unlimited extra repayments
  • No ongoing bank fees

Looking for our lowest variable rate? This is it - plain and simple.

  • Low variable interest rate
  • Unlimited extra repayments
  • Instant redraw

Bonus Saver Account Features

$0 account keeping fees

No minimum balance

Pay your bills via BPAY

Interest calculated daily and credited to your account on the last day of the calendar month

Set up direct credits

Access your funds through Online Banking and App, and by visiting your nearest branch

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.

Your deposits are safe with us

Eligible deposit accounts held with Qudos Bank are protected under the Financial Claims Scheme up to $250,000 per customer. Read more on our Government Guarantee on Deposits page.

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.

Bonus Interest Saver Account 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 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 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 per membership.

Documents and forms

Base rate + Bonus rate = total
4.75
% p.a.
Interest rate

Open a Bonus Saver Account

Are you an existing Qudos Bank member?

Open your Bonus Saver 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.

Before you can apply for a Bonus Saver account, you'll need to become a member of Qudos Bank.

It's easy to join online in just a few minutes!

  1. Open a Bonus Saver account online.
  2. Once you've opened your account, login to Online Banking.

Note: to open a new joint account both parties must be present

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Important Information

~ A Base rate of interest is applied. Bonus interest is applied to the balance of your account when you make no withdrawal in any calendar month.

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 Saings 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.

Rates current as at 23 November 2023