Qudos Bank Bonus Saver
Bonus rate
Boost your savings when you make no withdrawals in a calendar month. Start building a strong financial future with no minimum deposit.
- Base rate up to
- 0.10%
- Introductory rate
- None
- Maximum balance
- None published
Rate with bonus, up to
Rates by balance
| Balance | Base rate | Bonus | Total |
|---|---|---|---|
| $0 to $100,000 | 0.10% | +5.25% | 5.35% |
| $100,000 to $2,000,000 | 0.10% | +4.90% | 5.00% |
| $2,000,000 and over | 0.10% | +2.90% | 3.00% |
How to earn the bonus
Deposit at least $100 and make no withdrawals in a calendar month to receive the bonus rate on your savings.
Who can open it
- Age to open
- Any
- Maximum balance
- None published
Limits and conditions
- One personal account or one personal joint account per person can be applied.
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
5.35%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
0.10%
What it pays without a bonus. Typical is 2.40%.
Pros and cons
Pros
- A higher rate. Up to 5.35%, above the typical 3.65%. On $10,000 that's about $535 a year.
Cons
- A low base rate. Only 0.10% in any month you miss the bonus conditions.
- Conditions for the bonus. Deposit at least $100 and make no withdrawals in a calendar month to receive the bonus rate on your savings. Miss them in a month and you earn the base rate.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 5.35%
- Bonus conditions
- None
- Most it pays
- 5.35%
- Bonus conditions
- None
- Most it pays
- 5.35%
- Bonus conditions
- Yes
