Qudos Bank Bonus Saver Summary
Description
Boost your savings when you make no withdrawals in a calendar month. Start building a strong financial future with no minimum deposit.
Benefits
- No monthly savings-account fee.
Hoops
- For bonus interest, make at least 1 qualifying deposit each month. Check the full requirements below.
- Withdrawals can forfeit bonus interest.
- Ongoing rate cap: $100,000. See the rate breakdown for higher balances.
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Details
Key details
| Product name | Qudos Bank Bonus Saver |
|---|---|
| Maximum variable rate | 5.35% p.a. |
| Ongoing interest rate | 5.35% p.a. |
| Base interest rate | 0.10% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 0.10% |
|---|---|
| Ongoing | 5.35% |
| Ongoing cap | $100K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 1 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | 0 |
| Min age | - |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 0.10% p.a., before bonus interest.
- Ongoing: 5.35% p.a. when bonus conditions are met. Up to $100k.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.10% | Whole balance | All balances |
| Ongoing total, conditions met | 5.35% | Whole balance | Up to $100k |
| Ongoing total, conditions met | 5.00% | Whole balance | $100,000.01 to $1,999,999.99 |
| Ongoing total, conditions met | 3.00% | Whole balance | $2m and over |
Source: noren.com.au
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Requirements
- No introductory offer, minimum opening balance or regular account-keeping fee. Optional service/overseas transaction fees can apply. A $10 annual dormant-member fee can apply after 12 months without member-initiated transactions and the prescribed notice process.
- Interest is calculated daily and credited monthly, on the last calendar day. Displayed rates are cash interest only, before tax and fees.
- Make a deposit of at least $100 and no withdrawals in the calendar month to receive the applicable bonus. No purchase or separate balance-growth test.
- If requirements are not met, earn the standard base rate only. One applicable bonus rate is selected by the account balance and applies to the whole balance.
- No direct card access to Bonus Saver. Move funds into the main General Savings account for card access, that movement is a withdrawal and can prevent bonus qualification. The main S0 transaction account is normally opened with membership.
- Qualification timing: Requirements are assessed in the current month. Check the settlement deadlines and exclusions in the requirements.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Qudos Bank.
- Personal savings use, Qudos membership and an Australian residential address, subject to identity verification. No universal minimum account-holder age is inferred from online-application or card-access requirements, youth/guardian and channel rules apply.
- Current registered issuer is Bank Australia Limited trading as Qudos Bank, ABN 21 087 651 607. Qudos Bank and Bank Australia are brands of the same legal entity.
- One personal or personal joint Bonus Saver account per person, current product FAQ also limits one Bonus Saver per membership.
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Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected and verified on 31 Oct 2026.