Qudos Bank
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Qudos Bank is a customer-owned banking brand operated by Bank Australia Limited following their merger in July 2025. With origins in Qantas Staff Credit Union, it provides savings and transaction accounts, term deposits and home loans. The merged bank has announced plans to transition the Qudos Bank brand to Bank Australia in early to mid-2027.
| Legal name | Bank Australia Limited trading as Qudos Bank |
|---|---|
| ABN | 21087651607 |
| Ownership group | Bank Australia Group [1]Controlling entity: Bank Australia Limited |
| Deposit issuer | Bank Australia Limited [5] |
| Deposit protection | Eligible AUD deposits are covered up to $250,000 per account holder across this issuer, including its other brands. [6] |
| Same issuer brands | Bank AustEligible deposits across these brands share the issuer’s FCS limit. |
| Current identity | A division of Bank Australia following the merger in July 2025 [1] |
| Announced plans | A transition to the Bank Australia brand is planned for early to mid-2027, the Qudos brand remains current at this review [3] |
| Banking access | Face-to-face banking is available at provider branches or banking service centres, check the provider for current services and opening hours. [4] |
Savings rates
Compare allRates p.a. at a balance of $699.
| Bonus Saver | Visit | 0.10% | 5.35%Ongoing cap: $100K | $100K | - | - | - | 1 | - | $0 | 0 | - | 0 | - | - | $0 | - |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Qantas Points Saver | Visit | 4.50% | 4.50%Ongoing cap: No cap | No cap | - | - | - | 0 | - | $0 | 0 | - | - | - | - | $0 | - |
| Qsaver | Visit | 4.60% | 4.60%Ongoing cap: $500K | $500K | - | - | - | 0 | - | $0 | 0 | - | - | - | - | $0 | - |
Source: noren.com.au
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Savings products
Bonus Saver
A variable-rate savings account. Bonus interest depends on meeting the account’s monthly requirements.
Qantas Points Saver
A variable-rate savings account. The reviewed ongoing rate has no monthly activity requirements.
Qsaver
A variable-rate savings account. The reviewed ongoing rate has no monthly activity requirements.
Useful links
Similar institutions
Sources and review
- Institution background (qudosbank.com.au)
- APRA ADI register (apra.gov.au)
- Announced plans (qudosbank.com.au)
- Banking access (qudosbank.com.au)
- Provider deposit-issuer information (qudosbank.com.au)
- APRA FCS institution list (apra.gov.au)
Qudos Bank data reviewed . Next profile review due .