8.1 / 10

based on 351 reviews as rated by Mozo community

Qudos Bank term deposits

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.

Qudos Bank offers the following term deposits

Rates and fees verified as correct at 26 November, 2020. Other information correct at the time of writing. Advertiser disclosure.

Product Best rate (up to 1 year) Minimum deposit Interest paid to another bank?
Term Deposit

0.85% p.a.6 months

$2,000.00

no

Different interest rates apply to different amounts or different interest payment frequencies.

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How are Qudos Bank term deposits rated?

Mozo users have rated Qudos Bank term deposits on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of term-deposits
Qudos Bank term deposits
Overall
7.1/10
Price
Features
Customer service
Convenience
Trust

9 Reviews

Recent Qudos Bank term deposit reviews

Qudos Bank Term Deposit review
Overall 0/10
Not interested in $600,000 - No customer service.

I had over $600,000 to invest in a term deposit so I spoke with Qudos. They told me I needed to provide information and it would be reviewed and the term deposit would be able to be opened in 24 - 48 hours. I continually called and was told it was not able to be opened as they had not received the back of my licence. I sent this 3 times and I could see each time it went through. Finally they told me it actually take 5 - 7 days to check my information. I was told by 3 different staff members they would escalate my situation and get back to me. Day 7 and I have hard nothing. What a joke this bank is. Obviously not interested in my money. Had they told me it could take this long I would have left it with ME bank, where I had NO ISSUE. UNLIKE QUDOS.

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I had over $600,000 to invest in a term deposit so I spoke with Qudos. They told me I needed to provide information and it would be reviewed and the term deposit would be able to be opened in 24 - 48 hours. I continually called and was told it was not able to be opened as they had not received the back of my licence. I sent this 3 times and I could see each time it went through. Finally they told me it actually take 5 - 7 days to check my information. I was told by 3 different staff members they would escalate my situation and get back to me. Day 7 and I have hard nothing. What a joke this bank is. Obviously not interested in my money. Had they told me it could take this long I would have left it with ME bank, where I had NO ISSUE. UNLIKE QUDOS.

Customer service
0/10
Convenience
0/10
Trust
0/10
Less
Janet, Victoria reviewed 5 months ago
Qudos Bank Term Deposit review
Overall 7/10
Always helpful.

Its a great bank with great service.

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Its a great bank with great service.

Price
8/10
Features
7/10
Customer service
8/10
Convenience
10/10
Less
Gail, Western Australia reviewed about 1 year ago
Qudos Bank Term Deposit review
Overall 5/10
Small, not flexible

Not overly happy with the service.

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Not overly happy with the service.

Price
4/10
Features
4/10
Customer service
2/10
Convenience
4/10
Trust
5/10
Less
Catherine, New South Wales reviewed over 5 years ago
Qudos Bank Term Deposit review
Overall 9/10
Best that can be in a low competitive market

It's nice to know that even though rates are not that wonderful in the market at this moment in time we wouldn't get better anywhere else .We feel safe .

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It's nice to know that even though rates are not that wonderful in the market at this moment in time we wouldn't get better anywhere else .We feel safe .

Price
8/10
Features
5/10
Customer service
9/10
Convenience
9/10
Trust
9/10
Less
Brenda, Tasmania reviewed over 5 years ago

Term deposit quick links