Judo Bank may not have the legacy of the major banks, but it’s become a standout in the term deposit market. Despite its smaller size, the bank delivers consistently high rates – often placing in the top five providers tracked in Mozo’s database.
Australia’s biggest bank and one of its smallest challengers may seem worlds apart, but both have term deposits designed to give savers certainty. While Judo Bank leans on sharp rates and a low entry point, CommBank offers the weight of a household name and more options at maturity. Here’s how their term deposits stack up.
The clock’s ticking for savers. With the Reserve Bank of Australia’s (RBA) next decision just around the corner, one question looms large: should you lock in a term deposit rate now, or wait to see what happens next?
Businesses looking to secure strong returns on their cash reserves may want to act sooner rather than later. The Reserve Bank of Australia (RBA) has held the cash rate steady at 3.60% since August, but economists are anticipating at least one more rate cut in the coming months.
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If you’re not in the financial comparison game like we are here at Mozo, you may be unaware that it’s a lot harder to get a high interest rate on your savings account without some kind of ‘condition’ attached.
When it comes to term deposits, Judo Bank and NAB take different approaches. Judo targets savers with competitive short-term rates, a low minimum deposit and a loyalty bonus that rewards reinvestment. NAB, meanwhile, asks for a higher starting balance but gives customers greater choice over interest payment frequency and a streamlined renewal process through its app. Here’s how the two compare.
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If you’re ready to lock away savings but aren’t sure whether flexibility or a familiar name holds more appeal, this side-by-side breakdown of Judo Bank versus Westpac sheds light on key distinctions. While Judo invites savers with its low entry barrier and rollover rewards, Westpac offers comforting brand legacy and an online bonus for digital-savvy customers. Here’s how their term deposits differ – and which might suit your savings strategy.
When you're looking to grow a lump sum with confidence, your choice of institution and term matters. This comparison explores how a nimble, customer-focused provider, Judo Bank, measures up against the established might of ANZ. From flexibility in term lengths and low minimum deposits to loyalty bonuses and withdrawal terms, here's what you need to know to decide which term deposit could best suit your savings style.
There’s a perception that term deposits are a dated savings vehicle, especially among younger Australians. While Gen Z has shown a preference for more flexible and potentially higher-return investments, a closer look at the current economic climate and the nature of these alternatives reveals a strong case for revisiting the humble term deposit.
Tax time is here, and for many Australians, that refund from the ATO isn’t just extra cash – it’s a chance to reset, rebuild or get ahead. Whether your refund is a few hundred or a few thousand dollars, there are smarter ways to use it than just letting it sit in your bank account.