Qudos Bank is a mutual organisation, owned and operated for the benefit of its members. As a mutual, any member over 18 years of age has the ability to vote as a shareholder of the company.
Formerly known as Qantas Staff Credit Union, Qudos Bank has a long history, having been founded in 1959 by a group of Qantas Airways staff who decided to pool their funds to get more competitive loans and savings accounts.
Today, Qudos Bank provides the same financial security with an A2 investment grade rating, offering up not just attractive home loans but also a competitive range of credit cards, personal loans and savings accounts.
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These term deposits are ranked by nominal interest rate on a balance of $50,000.
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