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Mini meca 2021

Qudos Bank Qantas Points Saver

Advertiser disclosure
Interest rate
0.50% p.a.(for $0 and over)
Maximum rate
No Current Offer
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review Qudos Bank Qantas Points Saver

Last updated: 20 January 2021.

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What's hot
  • Earn 400 Qantas Points for every $1,000 of your balance per annum
  • No account keeping fees
What's not
  • 0.50% standard interest rate
Mozo snapshot

If you’re all about growing your Qantas Points balance to its full capacity, then you might want to consider the Qudos Bank Qantas Points Saver account. With this account, for every $1,000 of your balance, you’ll earn 400 Qantas Points per annum, plus a standard interest rate of 0.50%. 

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Key features

The Qudos Bank Qantas Points Saver account is every Qantas Points lovers dream. With the account, savers will be able to earn 400 Qantas Points per annum (credited monthly) for every $1,000 they have in the account. That applies on balances up to $1,000,000. And you won't have to worry about paying any account keeping, phone or internet transaction fees while you build your points stash as there are zero fees with this account!

There is no minimum opening deposit requirement and since this is a savings account, your interest will be paid on a monthly basis. Speaking of interest, the account comes with a standard interest rate of 0.50% and there are no ongoing requirements to keep earning that rate.

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Who is it good for

The Qudos Bank Qantas Points Saver account could be a great choice for Aussies who like the idea of earning Qantas Points and an interest rate on their savings. 

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Any catches

Since this is an account designed for earning Qantas Points, you’ll only earn 0.50% in interest on your balance which is far from the high rate on the market. So if you’re looking for an alternative to grow your savings balance even faster, you might want to consider opting for another savings account.  

Details

Rates and fees information correct as at 25 June 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Balances from $0: 0.50% p.a.

  • n/a

  • n/a

Fees
  • $0.00

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  • n/a

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  • $0.00

  • $0.00

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  • $0.00

  • $0.00

  • n/a

Other financial bits
  • $0.00

  • $0.00

  • Monthly

Features
  • no

  • none

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  • no

  • no

  • yes

  • no

  • yes

  • yes

  • yes

  • no

  • none

  • Earn 400 Qantas Points for every $1,000 of your average monthly balance per annum.

  • none

Customer Reviews

How are Qudos Bank savings accounts rated by the Mozo community?

Overall
8.3/10
Price
8.2/10
Features
7.4/10
Customer service
8.4/10
Convenience
7.1/10
Trust
8.6/10
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About Qudos Bank

Qudos Bank (previously Qantas Credit Union) is a customer owned bank and was established in 1959. Qudos Bank has an A2 investment grade rating and offers a full range of banking products including credit cards, home loans, personal loans and saving accounts.

See Qudos Bank savings accounts