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If you’re looking for a solid investment with guaranteed returns, our range of high-interest Term Deposits are hard to beat.
Qudos Bank is protected under the Financial Claims Scheme up to $250,000 per customer. Read more on our Government Guarantee on Deposits page.
Use our full range of savings calculators to help you better manage your finances. Our calculators include a Budget Planner, Savings Plan and more.
| Term | Interest Rate |
| 3 month | 3.10% p.a. |
| 5 month | 3.10% p.a. |
| 6 month | 3.70% p.a. |
| 7 month | 3.70% p.a. |
| 9 month | 3.75% p.a. |
| 11 month | 4.00% p.a. |
| 12 month | 4.10% p.a. |
| 24 month | 4.25% p.a. |
| 36 month | 4.40% p.a. |
| Term | Interest Rate |
| 3 month | 3.10% p.a. |
| 6 month | 3.70% p.a. |
| 9 month | 3.75% p.a. |
| 12 month | 4.10% p.a. |
| 24 month | 4.25% p.a. |
| 36 month | 4.40% p.a. |
| Term | Interest Rate |
| 3 month | 3.10% p.a. |
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:
If you opt to be paid at maturity:
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.
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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 22 December 2022
