Judo Bank now has a term deposit with a 2.00% p.a. interest rate

By Maria Gil · · 1 min read
Fact Checked
Advertiser disclosure
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Neobank Judo Bank has announced new increases to some of its term deposit interest rates.

The new rates now are:

  • 1.25% p.a. for a 1-year term
  • 1.50% p.a. for a 2-year term
  • 1.60% p.a. for a 3-year term
  • 1.90% p.a. for a 4-year term
  • 2.00% p.a. for a 5-year term

According to Mozo’s database, the last time there was a 2.00% term deposit rate was in June 2020.

“With five-year term deposit rates back around pre-pandemic levels, we’re seeing yet another indicator that the market is pricing in higher interest rates,” says Tom Godfrey, Mozo spokesperson. 

In the last month, there have been more than 140 term deposit increases in the Mozo database.

How does Judo Bank's new rates compare?

For starters, Judo currently offers the highest rates in the Mozo database for 1-year, 2-year, 3-year, 4-year and 5-year terms. This makes them one of the most competitive term deposits available in our database. 

However, it is important to keep in mind that the higher interest rates offered by Judo Bank are for term deposits where interest is paid at maturity. Accounts that have interest paid annually or monthly have slightly lower rates.

If you’re looking into term deposits check out Mozo’s term deposit guides to grow your knowledge before choosing your next term deposit account. Alternatively, check out our term deposit comparison table below.

Term deposit comparisons on Mozo - last updated 25 April 2024

Search promoted term deposits below or do a full Mozo database search. Advertiser disclosure
  • Mozo Expert Choice Badge
    Term Deposit

    4.90% p.a.
    5 years

    $1,000

    Yes up to $250,000

    Enjoy a competitive fixed interest with the choice of 1 month to 5 year terms. Start with as little as $1,000. Interest paid monthly, quarterly, half yearly or yearly. Receive a 0.10% loyalty bonus when you automatically reinvest your Term Deposit before maturity. (Terms and Conditions apply)

    Compare
    Go to site
    Details
  • Term Deposit

    4.00% p.a.
    5 years

    $1,000

    Yes up to $250,000

    Enjoy the certainty of a fixed interest rate combined with the convenience of online banking to set up and manage your term deposit at maturity. You can start investing from as little as $1,000 or up to $5,000,000.

    Compare
    Go to site
    Details
  • Term Deposit

    3.80% p.a.
    5 years

    $5,000

    Yes up to $250,000

    Secure a guaranteed rate of return with a Great Southern Bank Term Deposit. Pay $0 monthly account fees. Choose your own terms from one month to five years. Manage your term deposit conveniently online. protected by the Australian Government's guarantee on deposits.

    Compare
    Find out more
    Details
  • Online Term Deposit

    -

    -

    Yes up to $250,000

    No set-up or account keeping fees. Deposits up to $250,000 per customer are guaranteed by the Australian Government. Mozo Experts Choice winner for Term Deposit 2022.

    Compare
    Go to site
    Details

* Different interest rates apply to different amounts or different interest payment frequencies.

^See information about the Mozo Experts Choice Term Deposit Awards

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