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Alex.Bank

Earn up to 25,000 Qantas Points with an Alex.Bank Term Deposit.

Let your savings take off with an Alex.Bank Term Deposit. Plus, you could earn up to 25,000 Qantas Points.

That’s 100 Qantas Points per $1,000 deposited up to $250,000. You will also earn a guaranteed return on your money while it's safely secured at a fixed rate.

Alex.Bank Term Deposit features: 

  • Competitive Rate: Enjoy a competitive interest rate on your savings.
  • Government Guaranteed: Deposits up to $250,000 are protected by the Australian Government Financial Claims Scheme. 
  • 100% Digital Process: Secure, simple, 100% digital process that only takes three minutes on average to apply and open a Term Deposit.

How to earn Qantas Points with Alex.Bank

Choose an Alex.Bank Term Deposit.

Apply via the Alex.Bank website using their fast and easy digital application.

Register your Qantas Frequent Flyer number and the last name attached to your Qantas Frequent Flyer account.

Qantas Points will be credited to the member’s Qantas Frequent Flyer account within 30 days after the Term Deposit is funded.

The financial products referred to are not Qantas products. The issuer and provider of this product is Alex Bank Pty Ltd ABN 13 627 244 848 ("Alex") | ASFL and Australian Credit Licence 510805. The information about the financial products has been provided by Alex Bank and not Qantas. Qantas does not hold an AFSL and is not a licensee or authorised representative in relation to the financial services activities being engaged in by Alex Bank.

The information provided is factual and of a general nature only and does not consider your personal objectives, financial situation or particular needs.  

Qantas is in no way recommending or endorsing the products described. We strongly recommend that you obtain independent advice before you apply for any product which is described. Qantas does not accept any liability for any loss arising from the use of, or reliance, on the information provided.

Not a Qantas Frequent Flyer member?

What you need to know

You must be a Qantas Frequent Flyer Member to earn and redeem Qantas Points. A joining fee may apply.

Qantas Frequent Flyer Terms and Conditions

Membership, and the earning and redemption of Qantas Points is subject to the Qantas Frequent Flyer program Terms and Conditions 

Our partner's Terms and Conditions

Disclaimer: * Qantas Points Offer: You must be a Qantas Frequent Flyer to earn and redeem Qantas Points. A joining fee usually applies, however, Alex Bank has arranged for this to be waived for new customers who join Membership and points are subject to the Qantas Frequent Flyer program Terms and Conditions Australian citizen or permanent resident over 18 years of age and Qantas Frequent Flyer members who make an eligible deposit of at least $10,000 into an Alex Bank Term Deposit on or after 3 June 2024 will earn 1 Qantas Point per $10.00 deposited. Qantas Points will be capped at a maximum of 25,000 points for a term deposit value of $250,000. For example, if a Qantas Frequent Flyer member invests $25,000 they will receive 1 Qantas Point for every $10.00 invested which equates to 2,500 Qantas Points in this scenario. Customers must apply for their Term Deposit through alex.bank/qantas-term-deposits to be eligible for this offer. You must register your Qantas Frequent Flyer number and the last name attached to your Qantas Frequent Flyer account upon application to earn Qantas Points. Qantas Points will be credited to the member’s nominated Qantas Frequent Flyer account within 30 days after the Term Deposit is funded. You will receive an email from Alex Bank informing you that your Qantas Points have been credited to your Qantas Frequent Flyer account. Unless specifically referred to, this offer cannot be used in conjunction with any other advertised or promotional offer, and may be withdrawn, changed or removed at any time. For full terms and conditions, visit the Alex Bank Term Deposit Terms and Conditions

Disclaimer: ^ Term Deposit Interest Rate: Interest rate of the Alex Bank Term Deposit is current as at 3 June 2024 and subject to change without notice. Consider the Target Market Determination (TMD) and Terms and Conditions before you apply. 

Eligibility

Australian citizen or permanent resident over 18 years of age and Qantas Frequent Flyer members who make an eligible deposit of at least $10,000 into an Alex Bank Term Deposit on or after 3 June 2024 will earn 1 Qantas Point per $10.00 deposited.

When do I provide my Frequent Flyer number?

You must register your Qantas Frequent Flyer number and the last name attached to your Qantas Frequent Flyer account upon application to earn Qantas Points.

How long until I get my Qantas Points?

Qantas Points will be credited to the member’s Qantas Frequent Flyer account within 30 days after the Term Deposit is funded. You will receive an email from Alex Bank informing you that your Qantas Points have been credited to your Qantas Frequent Flyer account.