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Get what you want sooner with bonus interest. With a Qudos Bonus Saver Account, you could earn a strong foundation of interest right from the start.
Earn a base rate of 0.05% p.a. on all balances, plus if you make no withdrawals in any calendar month, you'll receive an additional bonus rate on your savings. Our Bonus Savings Account is designed to help you achieve your financial goals faster by offering you a unique opportunity to earn bonus interest on your savings.
Please note, there is no direct access via card to your Bonus Saver. For access you need to move funds into your General Savings Account.
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.
Use our full range of savings calculators which may help you better manage your finances, including Budget Planner, Term Deposit Calculator and other calculators.
A Bonus Interest Savings Account is a type of savings account that offers customers the opportunity to earn bonus interest on their savings. This bonus interest is typically given when the account holder meets certain criteria, such as maintaining a minimum balance, making regular deposits, or making no withdrawals within a specific period.
Bonus Interest Savings Accounts come with many benefits that make them a great choice for people looking to grow their savings:
When considering a Bonus Interest Saver Account, keep an eye out for the following features:
The key difference between a Bonus Saver Interest Account and a regular savings account lies in the potential to earn bonus interest. While both account types facilitate saving, a Bonus Saver Interest Account offers an additional incentive in the form of bonus interest. To earn this bonus interest, account holders must meet specific criteria, which is not a feature of most regular savings accounts.
If you fail to meet the conditions required to earn bonus interest in a Bonus Interest Saver Account, you’ll typically earn the standard base interest rate instead. It's important to review the terms and conditions of the account to understand how the bonus interest works and what happens if you don't fulfil the requirements.
To learn more about savings account bonuses, contact Qudos Bank to speak to our team who will be able to provide you with more information.
You can only have one Bonus Saver account per membership.
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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 and Financial Services Guide.
The Target Market Determination for our Bonus Saver can be found at https://www.qudosbank.com.au/support/legal/target-market-determinations/
Qudos Mutual Limited trading as Qudos Bank ABN 53 087 650 557 AFSL/Australian Credit Licence 238 305.
Rates current as at 23 November 2023