QBank Christmas Club

savings accountoccupation membershipchristmas clubexisting customersstaleterms checked

Christmas Club is a savings account from QBank. It pays 2.65% p.a. with no bonus conditions.

Rate tiers

Every balance band in the bank's feed: base is the rate the bank pays.

One rate on every balance, with no upper limit.

Conditions

• Membership limited to citizens or permanent residents of Australia who are current or former emplayees or volunteers in the Australian emergency services sector or are family members of members (i.e. shareholders) of the Bank. (the lender's words)
• not updated by the bank since 2026-10-15, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed
• a Christmas club account: withdrawals are restricted for most of the year
• Membership limited to current or former employees of police, ambulance, firies, health workers, emergency services, correctional services and government employees as well as their family members (the lender's words)
• closed to new applicants; only existing holders keep it
• interest is paid once a year on 31 October, not monthly
• a $5 fee applies to withdrawals and transfers between 1 January and 31 October

Features

Osko

yes

PayID

yes

BPAY

yes

notifications

yes

transactions

unlimited

Fees, limits and who can open it

monthly fee

no monthly fee stated

interest paid

annually

interest calculated

daily

open to

personal customers

occupation membership

open only to people in certain occupations, or the lender takes members only from them

christmas club

a Christmas club account: withdrawals are restricted for most of the year

existing customers

existing customers only

Who can open it, in the bank's own words:

• You must be a member. Membership is open to current or former employees of police, ambulance, firies, health workers, emergency services, correctional services and government employees as well as their family members.

About this account

Lock away your savings to relax and enjoy the festive season

Data

• QBank's own page for this account.
• The bank's documents its product record links to: terms and conditions, fees, eligibility.
• Our verbatim snapshot of the bank's product record (source), as fetched on 22 October 2026.
• How often interest is paid comes from the bank's own document, not its product data, checked on 1 November 2026: "Variable rate, interest calculated on daily balance, paid yearly on 31 October."
• We read the bank's own page and terms against this page on 1 November 2026: irc271026-deposit-rates-schedule.pdf, 27102026_qbank-gitc_a4.pdf, www.qbank.com.au, qbank-sfc0425-schedule-fees-charges-v2.pdf, who-can-join; conditions they state and its feed does not are listed above.
• /au/finance/savings-accounts/v1/brands/qbank.json: this bank's accounts and every balance band as JSON; QBank's page lists them.
• The bank last updated this record on 15 October 2026. Rates are per annum as the bank states them; "stale" means the bank has not updated the record for over 60 days or since the latest cash rate change.

Other accounts at QBank

• Bonus Saverstale savings account, 5.20% conditional at $50,000
• Intro Saverstale savings account, 2.70% base at $50,000
• Junior Saverstale savings account, 2.70% base at $50,000
• Netlinkstale savings account, 2.70% base at $50,000
• Pension Plus Accountstale savings account, 1.53% base at $50,000
• Teen Netlink Direct Savingsstale savings account, 3.10% base at $50,000
• Everyday Plusstale transaction account, 0.00% base at $50,000
• On Callstale transaction account, 0.00% base at $50,000

All of QBank's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.