5.0 / 10

based on 4 Judo Bank reviews as rated by Mozo community

Judo Bank term deposits

Judo Bank offers the following term deposits

Rates and fees verified as correct at 19 April, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Best rate (up to 1 year) Minimum deposit Interest paid to another bank?  
Term Deposit

1.05% p.a.1 year

$1,000.00

yes

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How are Judo Bank term deposits rated?

Mozo users have rated Judo Bank term deposits on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of term-deposits
Judo Bank term deposits
Overall
5.0/10
Price
Features
Customer service
Convenience
Trust

4 Reviews

Recent Judo Bank term deposit reviews

Judo Bank Term Deposit review
Overall 8/10
No compound interest!?

Best rates! But, what's the trickery with interest "paid at maturity" on a 3 year term deposit? Later in the text it says I can select monthly, yearly etc. payout. Are you seriously trying to trick customers out of Compound Interest? and if so, are you then misrepresenting the interest rate? Maybe it's time to review your offers and write some clear product details.

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Best rates! But, what's the trickery with interest "paid at maturity" on a 3 year term deposit? Later in the text it says I can select monthly, yearly etc. payout. Are you seriously trying to trick customers out of Compound Interest? and if so, are you then misrepresenting the interest rate? Maybe it's time to review your offers and write some clear product details.

Price
6/10
Features
9/10
Convenience
9/10
Less
J., New South Wales, reviewed 3 months ago
Judo Bank Term Deposit review
Overall 1/10
Failed to create account online, twice

I have tried on several occasions to apply for a Term Deposit as Judo bank appears to have the best rates at present. I have attempted to apply on 2 separate occasions in the past 3 weeks, unsuccessfully. I have contacted the bank and on both occasions had assistance from a very patient customer service officer, to be advised they are having online application difficulties and someone from their IT area will be in contact with me. In almost 3 weeks no one phoned, so I tried again. This time interest rates have gone down even further and I still cant open an account. This time I am promised someone from IT will contact me within a week. Maybe its an omen and I should give up.

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I have tried on several occasions to apply for a Term Deposit as Judo bank appears to have the best rates at present. I have attempted to apply on 2 separate occasions in the past 3 weeks, unsuccessfully. I have contacted the bank and on both occasions had assistance from a very patient customer service officer, to be advised they are having online application difficulties and someone from their IT area will be in contact with me. In almost 3 weeks no one phoned, so I tried again. This time interest rates have gone down even further and I still cant open an account. This time I am promised someone from IT will contact me within a week. Maybe its an omen and I should give up.

Price
10/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
2/10
Less
Julie, Australian Capital Territory, reviewed 3 months ago
Judo Bank Term Deposit review
Overall 1/10
Wouldn't recommend to my worst enemy. Unhelpful!

Total lack of empathy with customers. It seems that unless you fit there preconceived model of an investor, they don't want to know. Sent email explaining my father didn't have the required valid drivers license or passport (hes 104). Were there any other documents I could lodge i.e tax bill etc. Back came the reply needs drivers license or passport.T otally inflexible and unhelpful. Wouldn't recommend this bank to my worst enemy.

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Total lack of empathy with customers. It seems that unless you fit there preconceived model of an investor, they don't want to know. Sent email explaining my father didn't have the required valid drivers license or passport (hes 104). Were there any other documents I could lodge i.e tax bill etc. Back came the reply needs drivers license or passport.T otally inflexible and unhelpful. Wouldn't recommend this bank to my worst enemy.

Price
8/10
Features
7/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Donald, Western Australia, reviewed 8 months ago
Judo Bank Term Deposit review
Overall 10/10
Judo packs a punch!

Judo Bank has consistently high term deposit rates as well as a loyalty bonus at the end of the term if the initial deposit (or more) is rolled over. Fast service and response online is another plus.

Read full review

Judo Bank has consistently high term deposit rates as well as a loyalty bonus at the end of the term if the initial deposit (or more) is rolled over. Fast service and response online is another plus.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Susan, New South Wales, reviewed 9 months ago

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