Compare Qudos Bank savings accounts

Information verified correct on December 11th, 2016

Qudos Bank savings accounts reward you with bonus interest and Qantas Points when you save

Formally Qantas Credit Union, Qudos Bank is a full-service mutual bank. Customers enjoy the opportunity to get rewarded with Qantas Points for using savings accounts and everyday banking products.

Who is Qudos Bank?

Qudos Bank savings accounts give you full access to your money, bonus interest and a combination of the two. Qudos Bank also offer term deposit investments for a guaranteed return.

Qudos Bank have a limited branch presence in Sydney, Melbourne, Brisbane and Perth; however, most your banking needs can be completed online. Qudos Bank offer internet and mobile banking.

Qudos Bank Awards
  • The Reader’s Choice: Service Excellence award. Money Magazine 2009 Consumer Finance Awards.
  • Money Magazine Best of the Best Awards 2013.
  • Money Magazine Best of the Best Awards 2015: Best Non-Bank Short Term Deposit.

What is internet banking like for Qudos?

Qudos Bank internet banking is the easy way to manage your money. Register for online banking so you can make payments to other accounts in Australia, pay bills using BPAY, view rates of interest, recent transactions and monthly statements.

You can access Qudos Bank internet banking anytime of the day from your computer or mobile device such as a tablet or a smartphone. Download the Qudos Bank mobile banking application for a customized online banking experience on your smartphone.

What transaction accounts are provided by Qudos Bank?

  • Qudos Bank General Savings Account

Good for managing your everyday finances, higher account balances are rewarded with more interest. The General Savings Account  comes with a Visa Debit Card so you can make ATM withdrawals, over the counter purchases and shop online. Accounts with more than $10,000 get a $50 monthly transaction allowance.

  • Qudos Bank QSaver

QSaver rewards you with a high rate of interest and gives you transactional access to your money. Pay bills using BPAY and make payments to other accounts via online banking or telephone banking. Cash withdrawals are available from Qudos Bank branches.

  • Qudos Bank Cash Management Account

The Qudos Bank Cash Management Account has a higher rate of interest than regular transaction accounts and gives you easy access to your money when you want it. Make withdrawals from your account online, over the phone or at a Qudos Bank branch.

What high interest savings accounts are offered by Qudos Bank?

  • Qudos Bank Qantas Points Saver

Made with frequent flyers in mind, get rewarded with a variable rate of interest and Qantas Points for saving with Qudos Bank. You’re eligible to receive 400 Qantas Points for every $1,000 you save up to $1,000,000.

  • Qudos Bank Bonus Saver

For serious savers, Qudos Bank reward you with bonus interest when you make no withdrawals from your Qudos Bank Bonus Saver account. If you do need to make a withdrawal, you can access your money using online or telephone banking or by visiting a Qudos Bank branch.

What term deposits are offered by Qudos Bank?

  • Qudos Bank term deposit

Invest your money for a guaranteed return. Qudos Bank term deposit investment periods include 5, 7 and 11 months. Term deposit balances greater than $50,000 provide a $100 transaction allowance if you have a Qudos Bank transaction account.

What are the pros and cons of banking with Qudos Bank?


  • Bonus interest. Get rewarded with bonus interest when you open the Qudos Bank Bonus Saver and make no withdrawals.
  • Qantas Points. The Qudos Bank Qantas Points Saver is an innovative savings account that rewards you with Qantas Points based on your account balance.
  • Westpac Group ATMs. Qudos Bank members can use Westpac, St.George, Bank of Melbourne, BankSA and Travelex ATMs Australia wide.
  • Mobile Banking. Do your banking from your smartphone.


  • Limited number of branches. Compared to larger banking institutions, Qudos Bank have a limited number of branches. Qudos Bank have branches in Sydney, Melbourne, Brisbane and Perth.

How do I apply for a Qudos Bank account?

Follow the links to start an online application for a Qudos Bank account. You can open more than one account in your own name, the first will be the account Qudos Bank looks at to calculate your transaction allowance.

  • Residency. You must be an Australian citizen or resident to open a Qudos Bank savings account.
  • Age and joint accounts. If you’re under 18 years of age, a joint account or an account in a business name, call Qudos Bank directly about your application.
  • Identification. You’ll need to provide your driver’s licence, passport or medicare number. Qudos Bank will contact you if you can’t provide this information.

Once you submit the application, you can start making deposits to your Qudos Bank savings account.

Qudos Bank can give you extra ways to earn Qantas Points as well as bonus interest when you make no withdrawals. Make sure you compare savings accounts so you can be sure you’re getting the right combination of interest rates and features.

Savings Account Offers

Learn about our information service
ME Online Savings Account

Maximum Variable Rate


Standard Variable Rate

Citibank Online Saver

Maximum Variable Rate


Standard Variable Rate

Bankwest Hero Saver

Maximum Variable Rate


Standard Variable Rate

RaboDirect High Interest Savings Account

Maximum Variable Rate


Standard Variable Rate


Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

Ask a question