Qudos Bank Qantas Points Saver Summary
Description
Saving has never been more rewarding. Earn more than just interest, plus get a complimentary Qantas Frequent Flyer membership*.
Benefits
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- Check the provider’s eligibility, linked-account terms and other service charges.
On this page
Details
Key details
| Product name | Qudos Bank Qantas Points Saver |
|---|---|
| Maximum variable rate | 4.50% p.a. |
| Ongoing interest rate | 4.50% p.a. |
| Base interest rate | 4.50% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 4.50% |
|---|---|
| Ongoing | 4.50% |
| Ongoing cap | No cap |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| 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: 4.50% p.a..
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 4.50% | Whole balance | All balances |
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.
- No monthly deposit amount/count, balance-growth, purchase or withdrawal-count interest test. At-call access without a fixed term, withdrawing does not forfeit the advertised interest.
- The advertised cash interest rate applies to all balances. The $1,000,000 limit concerns Qantas Points, not interest or permitted account deposits. Points are not converted into an interest rate or added to the cash rate.
- Separate rewards: 400 Qantas Points per year for each $1,000 of average balance, capped at $1,000,000 average balance per member. Calculated monthly and rounded down to whole points, no carry-forward of fractions. Points belong to the primary account holder and require Qantas membership/number. New-member joining-fee waiver is subject to the provider’s offer.
- Personal savings account with no direct card access. Cash interest and points remain separate benefits.
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.
- Qantas Points Saver is for personal members, with one personal or personal joint account per person. The primary account holder must provide their own valid Qantas Frequent Flyer number to earn points, a joint holder’s number cannot be substituted.
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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.