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.
Subject to our approval, you may withdraw or transfer the balance of your term deposit early by giving us 31 days' notice. If you choose to do this, we will reduce the interest rate on the term deposit from the date it was opened until the date of withdrawal or transfer by 2% per annum. If your rate is less than 2% p.a. you will receive no interest. 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 30 October 2024 and subject to change.
© Qudos Mutual Limited trading as Qudos Bank ABN 53 087 650 557 AFSL/Australian Credit Licence 238 305
We acknowledge the Traditional Owners of the lands on which we operate and pay our respects to Elders past and present, and to emerging community leaders. We also acknowledge the important role Aboriginal and Torres Strait Islander peoples continue to play within the communities in which Qudos Bank operates and where our team members reside.
