How you can earn Qantas Points on a term deposit

Term deposits are a common financial product that can be used to earn interest and Qantas Points too. It’s a bit like being rewarded to wait, twice! It’s one of the simplest ways to make your dollar go further.

What is a term deposit?

Term deposits are offered by most financial institutions and are a safe way to earn interest on your money quicker than a regular savings account. Banks offer competitive interest because term deposits are typically larger amounts of money. The money is then held by the bank for a fixed period of time, often 12 months. The idea is that you leave your money there for the full period and get a set interest rate in return.

How can I earn Qantas Points on a term deposit?

When you open a term deposit account with a bank or financial institution that offers the benefit of Qantas Points, you can connect your Qantas Frequent Flyer account and begin earning points alongside any earned interest. These banks have term deposit accounts that offer Qantas Points.

How many points can I earn on my term deposit?

It depends on the financial institution, but for example, you could earn 100 Qantas Points per $1,000 you deposit into an eligible term deposit account that offers Qantas Points. 

What do I need in order to earn Qantas Points on my term deposit?

Term deposits are a common financial services product and each financial institution that offers a Qantas Points earning term deposit, will have its own requirements. What you will definitely need, is to be a Qantas Frequent Flyer member to earn and use your points. Not a member yet? Join for free today. 

Can I still use my Qantas Points as usual?

Yes. The Qantas Points you earn through a term deposit can be used as soon as they land in your Qantas Frequent Flyer account. You can use them on flights, accommodation and travel experiences, as well as consumer goods like electronics, appliances, entertainment, accommodation and more at Qantas Marketplace. Explore all the ways you can use your points with our handy guide.

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