The Finance Algorithm
Qudos Bank logoQudos Bank

Qantas Points Saver

Saving has never been more rewarding. Earn more than just interest, plus get a complimentary Qantas Frequent Flyer membership*.

Savings & transaction accountsBank updated 15 Oct 2026
Apply at Qudos Bank ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Base rate
4.50%

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.

This account: 4.50%Every other institution's highest, 60 in all

Paid whatever you deposit or spend. One dot per institution, at its highest savings rate with no bonus conditions anyone can apply for; hover or tap a dot for its name.

RateThis accountBest anywhereTypical institutionWhere it sits
No bonus conditionsPaid whatever you deposit or spend4.50%4.80%MoveBank's Online Saver2.25%of 61 institutions5th highest of 61, level with 4 others

Rates

The one rate Qudos Bank publishes for this account.

TypeApplies toTermBandRateComparisonConditions
Variable---4.50%-paid every 1 mo

Rate changes

One change logged, newest first.

DateRateWasNowChange
16 Oct 2026Variable4.25%4.50%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

13 fees published, grouped by when they're charged.

  1. When you take it outNo feeApplication Fee
  2. While you hold itUp to $102 fees, each listed below
  3. When you close it or pay it offNo fee published

When you take it out1

  • Application Fee
    No fee

While you hold it2

  • Account Keeping Fee
    No 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 fee
    No 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

Instant paymentsPayIDDigital bankingQantas Frequent Flyer
  • No penalties for withdrawing funds
  • Qantas Points can be earned on balances up to $1,000,000
  • Earn 400 Qantas Points* per annum for every $1000 of your balance, credited monthly
  • Set up direct debits and direct credits

Eligibility and limits

  • Residency: Australian Resident
  • Available to individuals
  • One personal account or one personal joint account per person can be applied

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.