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 fast become a standout in the term deposit market. Despite its smaller size, the bank continues to deliver consistently high rates – often placing in the top five providers tracked in Mozo’s database.
Judo’s standout offer includes a 4.35% p.a. rate on a 6-month term deposit. Customers who roll over their balance into another Judo Bank term deposit can pocket a 0.10% 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 Mozo Experts Choice Awards^ wins. 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.
And if you're exploring options to grow your money, term deposits aren’t the only way to go – scroll down to see some of Mozo’s top picks for savings accounts right now.
Personal term deposit
Judo Bank Term Deposit

- 4.35% p.a. interest rate for 6 months
- 4.00% p.a. interest rate for 1 year
- 0.10% loyalty bonus
- Interest paid to bank of your choice
Whether you’re looking for a short or long term place to stash your cash, Judo Bank has some seriously competitive term deposit interest rates on offer across a number of terms. That’s not all though, as customers who roll over their principal after it reaches maturity to another Judo Bank term deposit will be able to grab a 0.10% loyalty bonus, plus Judo lets customers nominate the bank they want their interest paid into.
SMSF term deposit
Judo SMSF Term Deposit
Grow your SMSF by securing a competitive interest rate for periods ranging from 3 months to 5 years. Apply digitally in minutes and manage your SMSF term deposit. Enjoy flexible cash flow management with three interest payment frequencies that suit you: monthly, yearly, or at maturity. There are no application or monthly account fees, but break costs may apply if you withdraw your term deposit before maturity. Only accessible to SMSFs with two or up to four individual trustees or one corporate trustee.
Business term deposit
Judo Business Term Deposit
Make your spare funds work for you with a Judo business term deposit. Secure a competitive interest rate for periods ranging from 3 months to 5 years. Easily apply digitally in minutes and manage your business term deposit via your phone. Enjoy flexible cash flow management with three interest payment frequencies that suit you: monthly, yearly, or at maturity. Pay no application or monthly account fees, but break costs may apply if you withdraw your term deposit before maturity.
Competitive savings options
ubank - Save Account

- Maximum savings rate of 4.85% p.a. (conditions apply)
- Open up to 10 Save Accounts
- No monthly or account fees
ubank’s Save Account offers a generous bonus savings rate of 4.85% p.a. when you meet its conditions. To score the full rate you’ll need to make a deposit of $200 each month to either your Spend transaction account or Save Account. Plus if you meet the requirements, all the Save Accounts you open receive the 4.85% p.a. rate. This account comes with no pesky fees, and you can withdraw any amount without affecting the max rate. Be mindful that ubank is an online bank, which means there aren’t any branches where you can speak with staff face-to-face.
Rabobank High Interest Savings Account
If you are looking to kick-start your savings, this award-winning online savings account account from Rabobank has a high introductory rate of 5.15% p.a. for the first four months on balances up to $250k. The ongoing rate is still a competitive 3.70% p.a and there are no pesky minimum balance or minimum deposit requirements. There are also no account fees so you can enjoy both hassle-free and fee-free saving. This account is only accessible via online banking so you’ll need to download the Rabobank app or login via internet banking.
ING Savings Maximiser

- 5.00% p.a. maximum interest rate
- No account keeping fees
- High Interest Savings Winner - Mozo Experts Choice Award 2025
The ING Savings Maximiser’s 5.00% maximum interest rate is hard to beat. You can earn a high bonus rate of interest when you make 5 card purchases on your linked ING translation account, deposit at least $1,000 and grow your balance every calendar month. The maximum interest rate is available on balances up to $100,000 and there are no monthly account fees. If bonus interest conditions are not met in a calendar month, the standard variable rate of 0.05% p.a. will apply in the next calendar month. Mozo Experts Choice Award winner^.
Interested in comparing even more savings options? Browse through an even wider range of options on Mozo’s savings account and term deposit comparison tables.
* Different interest rates apply to different amounts or different interest payment frequencies.
^See information about the Mozo Experts Choice Term Deposit Awards
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.