Alert: international payment services maintenance - Saturday 7 March 2026, 4:00pm-5:00pm AEDT. During this period, customers will be unable to process international payments. This includes both customer-initiated payments via internet banking and staff-assisted payments through our contact centre. Learn more
What's happening?
Following our merger with Qudos Bank, we’re bringing customers from both banks together under one streamlined range of products and services. This includes aligning our accounts, features and interest rates so everyone enjoys a consistent and simplified banking experience, no matter which bank they originally joined.
What are the key benefits?
Customers will enjoy a simpler, more consistent banking experience across both banks. By updating our product range, we’re making it easier to understand how your accounts work, while ensuring customers with similar products receive the same fair features and rates. These improvements also help us uplift our systems so we can deliver better, faster and more sustainable experiences for you over time.
Bonus Saver
Current rates
Effective XX Month 2026
1 Bonus Rate applied if no withdrawals are made during the calendar month.
Future rates
Effective 1 May 2026
Term deposits
Current rates
Effective XX Month 2026
The interest rates in the table below have a minimum deposit 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).
Future rates
Effective 1 May 2026
Frequently asked questions
As we get closer to 1 May 2026, we’ll keep this page updated with the latest information to help you stay informed.
We’re bringing Bank Australia and Qudos Bank products together into one simplified, consistent product range. This means removing duplicate products and creating a single set of features, rates and tiers so banking is easier to understand across both banks.
Key dates:
- By 30 March 2026 - we’ll send notices to affected customers about tier changes and product decommissioning
- By 1 May 2026 - new deposit rates and tiers take effect (rate‑change notices will be sent before then)
- Term deposit customers will continue to receive maturity notices 14 days before their maturity date
Some older products will be closed and moved to modern equivalents. Deposit tier structures and interest rates will be aligned across both banks, which might mean different rates for some balances. Across lending, some Qudos Bank products will be decommissioned and pricing aligned.
Some customers may move to a lower interest rate as we standardise tiers and product settings across both banks. If you’re affected, we have a range of modern products designed to help you get the best value going forward.
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.
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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