Judo Bank: the bank you’ve never heard of that’s hitting term deposits out of the park

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.

Judo’s standout offer includes a 4.45% p.a. rate on a 1 year term deposit. Customers who roll over their balance into another Judo Bank term deposit pocket a 0.05% loyalty bonus.

“With interest rates still fluctuating, savers are increasingly looking for stability – and that’s where term deposits like Judo’s really shine,” Mozo banking expert Peter Marshall said. “Judo has stuck to its guns, consistently offering some of the highest rates in our database.”

Judo Bank has built a solid reputation for offering competitive term deposit products – a track record reflected in multiple wins for the Mozo Experts Choice Awards for Term Deposits. In 2025, it was recognised for excellence across term deposit, SMSF term deposit and small business term deposit categories.

These accolades follow a strong history of success, including Mozo awards for short term deposit in 2020, SMSF term deposit in 2023, and both SMSF and small business term deposit in 2024. In fact, Judo has consistently earned term deposit honours every year since 2020.