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

Features


 

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.

Australian Government badge for $250,000 guaranteed deposits


Calculate

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 4.50% p.a.
5 month 4.70% p.a.
6 month 4.85% p.a.
7 month 4.85% p.a.
9 month 4.90% p.a.
11 month 4.90% p.a.
12 month 5.00% p.a.
24 month 4.70% p.a.  
36 month 4.50% p.a.
Term Interest Rate
3 month 4.50% p.a.
6 month 4.85% p.a.  
9 month 4.90% p.a.
12 month 5.00% p.a.  
24 month 4.70% p.a.
36 month 4.50% p.a.
Term Interest Rate
3 month 4.50% 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.

To access your term deposit before maturity give us a call on 1300 747 747 or visit us in branch.

Important information: Once you have invested in a term deposit, your funds are invested for the term you have chosen. 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.

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 5.00 % p.a. Interest rate

 

Open a Term Deposit Account

Are you an existing Qudos Bank member?

Open your personal term deposit 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.

3. Select your term and interest options and follow the prompts to open your account.

Before you can apply for a personal term deposit, you'll need to become a member of Qudos Bank.

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

1. Open a General Savings Account online.

2. Once you've opened your account, login to Online Banking.

3. Click on the Apply and Create Account buttons in the top menu.

4. Select your term and interest options and follow the prompts to open your term deposit account.

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

Looking to open a self-managed super fund, joint or business Term Deposit account?

Simply submit your enquiry or alternatively give us a call on 1300 747 747.

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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 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


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, Supplementary Terms and Conditions for Term Deposits and Financial Services Guide before deciding whether to obtain any of our financial products or services. Target Market Determination available here.

Rates current as at 28 February 2024

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