Qudos Bank logo

Qudos Bank Qsaver

Advertiser disclosure
Interest rate
4.35% p.a.(for $0 to $500,000)
Maximum rate
No Current Offer
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review Qudos Bank Qsaver - last updated: 23 November 2023

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What's hot
  • 4.45% p.a. maximum interest rate
  • No account fees
  • 2022 Mozo Experts Choice Award winner
What's not
  • $500,000 balance minimum for maximum rate
Mozo snapshot

With a solid base interest rate of 4.45% p.a. and no monthly fee, the Qudos Bank QSaver account could offer a safe place for Aussie savers to stash and build their savings balance.

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Key features

The Qudos Bank QSaver account offers savers the ability to earn a base ongoing rate of 4.35% as long as their balance is under $500,000. If you have a balance over $500,000, you will receive a higher rate of 4.45%.  

There’s no minimum or maximum balance and, like most savings accounts, there’s no monthly fee. 

The account offers instant funds transfer through online and telephone banking, as well as the ability to make external transfers to any Australian bank account

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Who is it good for

The Quodos Bank QSaver Account could be the right choice for Aussie savers with a balance over $500,000 who want a reasonable base interest rate without monthly deposit requirements.

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Any catches

In order to qualify for the maximum interest rate, you must have over $500,000 in your savings account.

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Ava Crawford
Money writer

Ava Crawford is an experienced journalist, who specialised in credit cards, personal loans and buy now pay later platforms here at Mozo until her departure in February 2023. Ava had also produced digital content for Foxtel's LifeStyle and FOXArena, and contributed to notable outlets such as The New York Times and ITV. She attended New York University and completed a degree in English and American Literature. She is ASIC RG146 (Tier 2) certified for general advice.

Details

Rates and fees information correct as at 21 February 2024. 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: 4.35% p.a.
Balances from $500,000: 4.45% p.a.

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Fees

$0.00

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$0.00

$0.00

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Other financial bits

$0.00

$0.00

Monthly

Features

no

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no

no

no

no

no

yes

yes

yes

no

none

none

none

Customer Reviews

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

Overall
Price
Features
Customer service
Convenience
Trust

Latest reviews of Qudos Bank Qsaver Savings Account

About Qudos Bank

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5.10% p.a. (for $0 to $250,000)

Yes up to $250,000

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Yes up to $250,000

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Yes up to $250,000

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5.50% p.a. (for $0 to $250,000)

Yes up to $250,000

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