Qudos Bank was formerly known as Qantas Credit Union, one of the largest in Australia with almost 100,000 members and a commitment to doing right by its members wherever possible. Qudos continues this vision, which you can see in the bank’s rewards programs, competitive interest rates and minimal fees.
Qudos Bank savings accounts, bank accounts and term deposits
Qudos Bank savings accounts
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The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.
We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?
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Qudos Bank bank accounts
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Qudos Bank term deposits
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What are the pros and cons of a Qudos savings account?
Pros
- Qantas rewards program. Frequent flyers can open a Qantas Points Saver account to earn Qantas points alongside their regular interest.
- No monthly fees. No monthly fees are charged on savings accounts.
- SMS and mobile banking. Through your smartphone, you can receive SMS alerts about chosen account transactions, activities and more with the Qudos app.
- Security. Qudos Bank is obligated to follow the same laws and regulations as the larger banks, such as a guarantee for your deposits of up to $250,000.
Cons
- Membership. Membership is required for Qudos Bank products, but this is included in the account signup process so you can simply compare accounts as usual.
How to apply for a Qudos Bank savings account
Applying online for a new bank account is fast and easy. You'll need identity documents such as your driving licence or passport. For more about the process, check out our full guide to opening an account online.
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Who has pensioner Deeming Accounts with the 1.75 & 3.25 interest rates?
Hello Rodo,
Thank you for your comment.
You may refer to our list of deeming accounts. As of this writing, Border Bank Online Supersaver has the 1.25% interest rate.
For term deposit deeming account, listed is the ING SMSF Term Deposit with an interest rate from 2% depending on the number of terms.
Should you wish to have real-time answers to your questions, try our chatbox on the lower right corner of our page.
Regards,
Jhezelyn