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Mini meca 2021

Qudos Bank Qsaver

Advertiser disclosure
Interest rate
0.45% 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: 13 April 2022

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What's hot
  • 0.55% 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 0.5% p.a. and no monthly fee, the Quodos 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 0.45% as long as their balance is under $500,000. If you have a balance over $500,000, you will receive a higher rate of 055%.  

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, specialising in credit cards, personal loans and buy now pay later platforms here at Mozo. Ava has also produced digital content for Foxtel's LifeStyle and FOXArena, and has 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 also ASIC RG146 (Tier 2) certified for general advice.

Details

Rates and fees information correct as at 16 May 2022. 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: 0.45% p.a.
Balances from $500,000: 0.55% p.a.

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Fees

$0.00

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Other financial bits

$0.00

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Monthly

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Customer Reviews

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