based on 363 Qudos Bank product 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.

Plus it won a 2023 Mozo Experts Choice Award for best Term Deposit.

Qudos Bank offers the following term deposits

Rates and fees verified as correct at 24 February 2024. 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

5.20% p.a.1 year ($5,000 to $1,000,000)

$2,000.00

no

Term Deposit Special Offers

4.90% p.a.11 months ($10,000 to $1,000,000)

$10,000.00

no

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
Price
Features
Customer service
Convenience
Trust

10 Reviews

Recent Qudos Bank term deposit reviews

Qudos Bank Term Deposit
Overall 10/10
Qudos Bank provides a great service to customers

We have found this bank extremely easy to work with and always offer the best rates

Read full review

We have found this bank extremely easy to work with and always offer the best rates

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Wendy, Queensland, reviewed 3 months ago
Qudos Bank Term Deposit
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.

Read full review

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 over 3 years ago
Qudos Bank Term Deposit
Overall 7/10
Always helpful.

Its a great bank with great service.

Read full review

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 over 4 years ago
Qudos Bank Term Deposit
Overall 5/10
Small, not flexible

Not overly happy with the service.

Read full review

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 8 years ago
See all term deposit reviews
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