If you’re looking for a solid investment with guaranteed returns, our range of high-interest Term Deposits are hard to beat. 

Features

 

We’re an award-winning bank


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.


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Use our full range of savings calculators to help you better manage your finances. Our calculators include a Budget Planner, Savings Plan and more.


Rates

Term Interest Rate
3 month 0.45% p.a.
5 month 0.50% p.a.
6 month 0.50% p.a.
7 month 0.50% p.a.
9 month 0.50% p.a.
11 month 0.55% p.a.
12 month 0.65% p.a.
24 month 0.55% p.a.  
36 month 0.55% p.a.
Term Interest Rate
3 month 0.45% p.a.
6 month 0.50% p.a.  
9 month 0.50% p.a.
12 month 0.65% p.a.  
24 month 0.55% p.a.
36 month 0.55% p.a.
Term Interest Rate
3 month 0.45% p.a.

FAQs

Yes, your savings are safe with us under the Government Guarantee on Deposits.

The Financial Claims Scheme (FCS), also known as Australian Government Deposit Guarantee, is an Australian Government scheme that provides protection and quick access to deposits in banks, building societies and credit unions in the unlikely event that one of these financial institutions fails. Under the FCS, certain deposits are protected up to a limit of $250,000 for each account holder at any bank, building society, credit union or other ADI that is incorporated in Australia and authorised by the APRA. For more information, head to our Government Guarantee page.

Selecting the right interest payment frequency for your Term Deposit is important as it impacts how much interest you earn at the end of term.

If you opt to be paid monthly:

  • Interest earned on your deposit gets paid to you monthly for the length of your term
  • Often comes with a lower interest rate.

If you opt to be paid at maturity:

  • Interest is paid as a lump sum payment at the end of the term of your deposit.
  • Generally these come with a slightly higher interest rate.

Yes, Qudos Bank Term Deposits are available for SMSFs. To open a Term Deposit account, please call us on 1300 747 747.

Documents and forms

For 12 months 0.65 % p.a. Interest rate

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Footnotes:

^ 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.

You may withdraw the balance of your term deposit early by giving us 31 days notice. If you do, we will reduce the interest on the term deposit from the date it was opened until the date of withdrawal by 2% per annum. If you have already been paid interest, the reduction will be deducted from the balance of the term deposit. In the event of emergency or death of a term deposit owner or joint owner, if requested, we may agree to early withdrawal of the term deposit without applying the interest reduction, on completion of the normal legal requirements.

Before opening an account with us, you should read our Term Deposit Interest Rate Brochure, Terms and Conditions for Savings Accounts and Payment Services, Supplementary Terms and Conditions for Term Deposits and Financial Services Guide.

Rates current as at 5 August 2021