Judo Bank vs NAB Term Deposits

By Peter Terlato · · 3 min read
Fact Checked
Advertiser disclosure
Judobank vs NAB term deposits

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.

Judo Bank and NAB term deposits side-by-side

The following table provides a direct comparison of the key features of the Judo Bank Personal Term Deposit and the NAB Term Deposit, allowing you to see how each product's features stack up against one another.

Feature
 Judo Bank Personal Term Deposit
 NAB Term Deposit
Highest rate available
 4.40% for 5 months
 3.80% p.a. for 7 months
Minimum deposit
 $1,000
 $5,000
Maximum deposit
 $2,000,000 (for higher amounts you must contact the bank)
 $1,999,999 (for higher amounts you must contact the bank)
Notice period for early withdrawal
 31 days
 31 days
Early withdrawal cost
 Prepayment cost (interest reduction) applies.
 A prepayment cost may apply.
Interest payment frequency
 At maturity, or monthly, or annually.
 At maturity for terms up to 12 months. For terms over 12 months, interest can be paid monthly, quarterly, half-yearly, or annually.
Term durations
 You can choose a term from one month up to five years.
 You can choose a term from one month to five years.
Loyalty bonus
 0.05% p.a. when you roll over your entire term deposit. 
 No.
What happens at maturity?
 A 10-calendar-day grace period is provided. If no instructions are given, the funds automatically roll over into a new term of the same length at the prevailing rate. You can also add funds to your principal during this period.
 You can reinvest your term deposit via the NAB app, making for a quick and easy renewal process without needing to visit a branch. Funds will be automatically reinvested after 7 days.
Government guarantee
 Deposits up to $250,000 per account holder are protected by the Australian Government's Financial Claims Scheme.
 Deposits up to $250,000 per account holder are protected by the Australian Government's Financial Claims Scheme.

  • Term Deposit

    Best rate
    4.45 % p.a.
    for 1 year
    ($1,000 to $2,000,000)
    Next best option
    4.40 % p.a.
    for 5 years
    ($1,000 to $2,000,000)
    Go to site
    • 0.05% added loyalty bonus at renewal
    • Option to have interest paid to another bank
    • Winner of the Mozo Experts Choice Awards 2025^ for Term Deposits.

  • Term Deposit

    Best rate
    4.00 % p.a.
    for 1 year
    ($5,000 to $1,999,999)
    Next best option
    3.40 % p.a.
    for 2 years
    ($5,000 to $1,999,999)
    No Partner link

What else to know?

  • How to apply. Both banks offer online applications. For a Judo Bank Personal Term Deposit, you can apply directly as a new customer with identification documents and a nominated Australian bank account. NAB claims that you can apply for a term deposit online in under 10 minutes, but new customers must be a permanent Australian resident and at least 14 years old.
  • No additional deposits. A key characteristic of most term deposits is that you cannot add more funds once the term has started. To add to your savings, you would need to open a separate term deposit or wait until the current one matures.

Judo Bank vs NAB: term deposit verdict

Both products are designed for savers who are comfortable with locking away their funds for a set period. The choice between them comes down to your individual circumstances and saving habits.

If you're starting with a smaller deposit ($1,000 minimum) and are interested in earning a loyalty bonus for reinvesting your savings, Judo Bank may be a good choice. If you have a larger sum to deposit ($5,000 minimum) and prefer a big, well-established bank with a wide range of term durations and interest payment frequencies, then NAB may be for you.

It's important to remember that rates and terms are subject to change. Always check the official bank websites or product disclosure statements for the most current information before making a decision.

Note: The information in this article is correct as at 17 September, 2025.

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can search our database of 91 term deposits using the filters.
Last updated 5 December 2025 Important disclosures

Term deposit comparisons on Mozo

Government Deposit Guarantee: Funds protected up to $250k
  • Promoted

    Term Deposit

    Best rate
    4.45 % p.a.
    for 1 year
    ($1,000 to $2,000,000)
    Next best option
    4.40 % p.a.
    for 5 years
    ($1,000 to $2,000,000)
    Go to site
    • 0.05% added loyalty bonus at renewal
    • Option to have interest paid to another bank
    • Winner of the Mozo Experts Choice Awards 2025^ for Term Deposits.
  • Promoted

    Special Term Deposit

    Best rate
    4.40 % p.a.
    for 8 months
    ($10,000 to $1,000,000)
    Next best option
    4.20 % p.a.
    for 1 year
    ($10,000 to $1,000,000)
    Go to site
    • Offer available until 31 Dec 2025 or until limited allocation is reached
    • Minimum deposit of $10,000
    • Interest paid on maturity

  • Term Deposit

    Best rate
    4.45 % p.a.
    for 1 year
    ($1,000 to $2,000,000)
    Next best option
    4.40 % p.a.
    for 5 years
    ($1,000 to $2,000,000)
    Go to site
    • 0.05% added loyalty bonus at renewal
    • Option to have interest paid to another bank
    • Winner of the Mozo Experts Choice Awards 2025^ for Term Deposits.

  • Special Term Deposit

    Best rate
    4.40 % p.a.
    for 8 months
    ($10,000 to $1,000,000)
    Next best option
    4.20 % p.a.
    for 1 year
    ($10,000 to $1,000,000)
    Go to site
    • Offer available until 31 Dec 2025 or until limited allocation is reached
    • Minimum deposit of $10,000
    • Interest paid on maturity

  • Standard Term Deposit

    Best rate
    4.35 % p.a.
    for 6 months
    ($1,000 to $1,000,000)
    Next best option
    4.30 % p.a.
    for 4 months
    ($1,000 to $1,000,000)
    Go to site
    • Choose from terms starting at 1 month, up to 3 years
    • Interest paid monthly, annually or at maturity (term dependent)
    • Option to have interest paid into another bank account

  • Term Deposit

    Best rate
    4.30 % p.a.
    for 4 months
    ($5,000 to $1,000,000)
    Next best option
    4.15 % p.a.
    for 11 months
    ($5,000 to $1,000,000)
    Go to site
    • Terms range from 2 months to 5 years
    • Interest paid at maturity or regularly (monthly, quarterly, or annually)
    • No monthly account fees

  • Term Deposit

    Best rate
    4.00 % p.a.
    for 5 years
    ($5,000 to $100,000)
    Next best option
    4.00 % p.a.
    for 4 years
    ($5,000 to $100,000)
    Go to site
    • Term deposits available for 3, 6 or 12 months
    • No monthly account fees
    • Minimum deposit of $5,000
Showing 5 results from 91 term deposits. Use the filters to see more

* 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.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.

Today's term deposit rates