Qudos Bank Term Deposits
6 termsFixed rate
Choose from some of our most popular interest rates below, or call our team to discuss term deposit options up to 36 months. Once you have selected your term, your funds are invested for the time you have chosen.
5.60%
a year, up to, for 1 year
- Minimum deposit
- $2,000
- Maximum deposit
- Not published
- Terms offered
- 6
Rates by term
| Term | Interest paid | Rate a year |
|---|---|---|
| 3 months | At maturity | 5.10% |
| 6 months | At maturity | 5.30% |
| 6 months | Monthly | 5.20% |
| 9 months | At maturity | 5.30% |
| 1 year | At maturity | 5.60% |
| 1 year | Monthly | 5.50% |
| 2 years | Yearly | 5.40% |
| 2 years | Monthly | 5.30% |
| 3 years | Yearly | 5.40% |
| 3 years | Monthly | 5.30% |
Deposit amount on every term: From $500.
How it compares
Against the other 1 year term deposits we compare. Typical means the middle half of them.
1 year rate
5.60%
A typical 1 year rate is 5.25%.
Minimum deposit
$2,000
A typical minimum is $2,000.
Pros and cons
Pros
- A higher rate. 5.60% for 1 year, above the typical 5.25%, so your money earns more over the term.
- Monthly interest. You can have interest paid each month, which suits living off the interest.
- Plenty of terms. 6 terms to choose from, so you can match the term to when you'll need the money.
Cons
- Your money is locked in. Taking it out early usually needs 31 days' notice and earns less interest.
Similar term deposits
Term deposits from other banks that pay a similar rate for the same term.
- Rate a year
- 5.60%
- Minimum deposit
- $500
- Rate a year
- 5.60%
- Minimum deposit
- $10,000
- Rate a year
- 5.55%
- Minimum deposit
- $10,000
