Qudos BankBonus Saver
Boost your savings when you make no withdrawals in a calendar month. Start building a strong financial future with no minimum deposit.
At a glance
- Up to
- 5.35%
- Base rate
- 0.10%
- Bonus rate
- 5.25%
How it compares
This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
What a bonus account pays in a month its conditions aren't met. One dot per institution, at its highest base rate on a bonus savings account anyone can apply for; hover or tap a dot for its name.
| Rate | This account | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Bonus savings accountBase plus bonus, when every condition is met | 5.35% | 5.75%Defence Bank Limited's iSaver | 5.25%of 51 institutions | 13th highest of 51, level with 7 others |
| Bonus account, conditions missedWhat a bonus account pays in a month its conditions aren't met | 0.10% | 3.45%Heritage's Online Saver Account | 0.10%of 43 institutions | 18th highest of 43, level with 10 others |
Rates
Every rate Qudos Bank publishes for this account, 4 in all.
How the rate is made up
5.35%in a month every condition is met
To earn the bonus
- Bonus interest when you deposit at least $100 in a calendar month.
- Bonus interest when you make no withdrawals in a calendar month.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| BonusDeposit at least $100 and make no withdrawals in a calendar month to receive the bonus rate on your savings. | - | - | up to $100,000 | 5.25% | - | paid every 1 mo; Bonus interest when you deposit at least $100 in a calendar month.; Bonus interest when you make no withdrawals in a calendar month.; Deposit at least $100 and make no withdrawals in a calendar month to receive the bonus rate on your savings. |
| BonusDeposit at least $100 and make no withdrawals in a calendar month to receive the bonus rate on your savings. | - | - | $100,000–$2,000,000 | 4.90% | - | paid every 1 mo; Bonus interest when you deposit at least $100 in a calendar month.; Bonus interest when you make no withdrawals in a calendar month.; Deposit at least $100 and make no withdrawals in a calendar month to receive the bonus rate on your savings. |
| BonusDeposit at least $100 and make no withdrawals in a calendar month to receive the bonus rate on your savings. | - | - | $2,000,000+ | 2.90% | - | paid every 1 mo; Bonus interest when you deposit at least $100 in a calendar month.; Bonus interest when you make no withdrawals in a calendar month.; Deposit at least $100 and make no withdrawals in a calendar month to receive the bonus rate on your savings. |
| VariableEarn a base rate on all balances, plus if you deposit at least $100 and make no withdrawals in a calendar month you'll receive the bonus rate on your savings. | - | - | - | 0.10% | - | paid every 1 mo |
Rate changes
3 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 16 Oct 2026 | Bonus, up to $100,000 | 5.00% | 5.25% | up 0.25 |
| 16 Oct 2026 | Bonus, $100,000–$2,000,000 | 4.65% | 4.90% | up 0.25 |
| 16 Oct 2026 | Bonus, $2,000,000+ | 2.65% | 2.90% | up 0.25 |
Each change is logged the night it appears in the rates Qudos Bank publishes. See how every lender answered the RBA on the rate tracker.
Fees
12 fees published, grouped by when they're charged.
While you hold it2
- Account Keeping FeeNo fee
- Dormant Accounts
This fee is applied if one or more savings accounts under a member number have been classified as dormant. An account is classified as dormant if there have been no member-initiated transactions for…
$10 a year
When you make a transaction1
- Inward cheque rejection fee
This fee is applied for each cheque deposited to a Member's account which is subsequently rejected. This fee will be charged at the time of the rejection.
$15
When particular things happen9
- Copies of documents other than statements
No charge applies for copies of documents such as loan or withdrawal forms.
No fee - Domestic Telegraphic Transfer
This fee applies to telegraphic transfers on behalf of Members, arranged via Westpac. This fee will be charged at the time of the transfer
$20 - Electronic debit rejection feeNo fee
- Foreign Cheque Deposits AUD$5,000 and over
This fee applies to foreign cheques deposited on behalf of Members, via Convera. This fee will be charged at the time of the deposit.
$50 - Foreign Cheque Deposits under AUD$5000
This fee applies to foreign cheques deposited on behalf of Members, via Convera. This fee will be charged at the time of the deposit.
$20 - International telegraphic transfer online
At the request of Members, we can provide certain foreign exchange and payment services. We may receive a commission for providing these services to you, refer to our FSG for details.
$10 - International telegraphic transfers phone or email assisted (sent in foreign currency)$30
- SMS Banking Requests
This fee applies to each SMS Banking message sent to your mobile phone. The fee will be debited to your main savings account (S0) at the time the SMS is sent. Your telecommunications provider may als…
$0.25 - Statement Copies
This fee is applied when a Member requests a copy of a statement on an account for a period more than 3 months before the request. There is no charge for copies of statements less than 3 months old.…
$5
Features
- Set up direct credits and direct debits
- Interest calculated daily and credited to your account on the last day of the calendar month
Eligibility and limits
- Residency: Australian Resident
- One personal account or one personal joint account per person can be applied
Compare it with others
Put this product through a calculator
Published by Qudos Bank under the Consumer Data Right, last changed by them on 15 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.