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.
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
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Judo Bank Term Deposit
- 4.45% p.a. interest rate for 1 year
- 4.35% p.a. interest rate for 8 months
- 0.05% 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 0.05% loyalty bonus. Plus, Judo lets customers nominate the bank they want their interest paid into.
SMSF term deposit
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Judo SMSF Term Deposit
Grow your SMSF by securing a competitive interest rate for periods ranging from 1 month 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
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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 1 month 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
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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 5.00% p.a. for the first four months on balances up to $250k. The ongoing rate is still a competitive 3.45% 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.
AMP Bank GO Save Account
- 4.25% p.a. standard ongoing rate
- Earn interest from the first dollar – no minimum balance required
- Set up in minutes with no monthly account fees
- No balance growth conditions or withdrawal limits
The AMP Bank Save account offers a simple, flexible way to build your savings – no strings attached. You’ll earn interest immediately, with no minimum balance, deposit requirements or withdrawal restrictions. All you need is an AMP Bank GO Everyday account to open a Save account in the AMP Bank GO app. Manage everything easily in AMP’s digital banking experience and use Saving Spaces to stay on track with goals. Whether you're saving a little or a lot, it’s a fuss-free way to grow money.
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.