Qudos Bank Term Deposit Rates

Rates current as at 23 November 2023

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 4.40% p.a. 4.40% p.a. 4.40% p.a.
6 Months N/A 4.70% p.a. 4.70% p.a.
9 Months N/A 4.75% p.a. 4.75% p.a.
12 Months N/A 5.20% p.a. 5.20% p.a.
24 Months N/A 4.80% p.a. 4.80% p.a.
36 Months N/A 4.65% p.a. 4.65% p.a.

Term Deposits Special Offers

Term Minimum $10,000
5 Months 4.55% p.a.
7 Months 4.70% p.a.
11 Months 4.90% p.a.



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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. 

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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.

You may withdraw or transfer the balance of your term deposit early by giving us 31 days notice. However if you do, we will reduce the interest on the term deposit from the date it was opened until the date of withdrawal or transfer by 2% per annum, or the term deposit rate if it is less than 2%. 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

As the information on this page is of a general nature and has been prepared without considering your objectives, financial situation or needs, before acting on the information, consider its appropriateness to your circumstances.

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

Rates current as at 23 November 2023

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