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Judo Bank Term Deposit

Advertiser disclosure
The details shown below are for the Term Deposit
The details shown below are for the SMSF Term Deposit

Choose the version of this product that suits you best

Name
Term Deposit
SMSF Term Deposit
  • Term Deposit
  • SMSF Term Deposit
Best rate (up to 1 year)
5.25% p.a.9 months ($1,000 to $2,000,000)
Minimum Deposit
$1,000.00
Interest paid to another bank?
yes
Go to site
Best rate (up to 1 year)
5.25% p.a.6 months ($1,000 to $2,000,000)
Minimum Deposit
$1,000.00
Interest paid to another bank?
yes

Mozo editorial review Judo Bank Term Deposit - last updated: 16 May 2024

binocular icon
What's hot
  • 5.20% p.a. rate for a 5-year term
  • Option to have interest paid to another bank
  • Option to open a Judo term deposit as a SMSF
What's not
  • 31 days notice to withdraw funds before maturity
Mozo snapshot

If you’re looking for a competitive return on your savings, newcomer Judo Bank's term deposit is worth considering. Whether you’re looking to lock away your funds for three months or five years, your investment will earn interest at some of the most competitive rates in the market right now. You will also get the same protections as other Australian banks as eligible deposits of up to $250,000 with Judo Bank are covered under the Australian Government Deposit Claims Scheme. 


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Key features

With the Judo Bank Term Deposit, Aussie savers will be able earn competitive interest rates (paid out monthly, annually or at maturity, rates below are for interest paid at maturity) for a range of terms.

You’ll also be able to have interest paid when it suits you best - either monthly, yearly or at maturity. And unlike many other term deposits, the Judo Bank Term Deposit allows you to have your interest paid to another bank. 

Just keep in mind that if you do wish to withdraw your funds before the maturity date, you will need to provide Judo Bank with 31 days notice and a prepayment adjustment may apply. These adjustments are usually calculated based on how far along as a percentage you are into the term period. 

Judo Bank also offers customers the ability to open a Judo term deposit as a Self-Managed Super Fund (SMSF). To do so, customers will need to supply their SMSF's ABN and nominated external bank account details, and (if the SMSF has a corporate trustee) the trustee's ACN and full name. Note, the government's Financial Claims Scheme (FCS) still applies to Judo SMSF term deposits. However, the limit is up to $250,000 per account holder. Check the Judo Bank website for more details, terms and conditions. 

snapshot
Who is it good for

The Judo Bank Term Deposit is a great option for Aussie savers looking to earn a competitive term deposit rate by locking away their funds for a long term. 

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Any catches

Though it’s not encouraged to withdraw funds from a term deposit before its maturity date, if you wish to do so, you will need to let Judo Bank know 31 days in advance and a prepayment adjustment may apply.



Details

Rates and fees information correct as at 14 June 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

5.00% p.a. ($1,000 to $2,000,000)

5.25% p.a. ($1,000 to $2,000,000)

5.25% p.a. ($1,000 to $2,000,000)

5.25% p.a. ($1,000 to $2,000,000)

5.20% p.a. ($1,000 to $2,000,000)

5.00% p.a. ($1,000 to $2,000,000)

5.10% p.a. ($1,000 to $2,000,000)

5.20% p.a. ($1,000 to $2,000,000)

Other financial bits

$1,000.00

$2,000,000.00

Features

yes

yes

31 days notice required if customers want to withdraw their funds before the maturity date and a prepayment adjustment (break cost) may apply.

Roll over principal after it reaches maturity to another Term Deposit and receive an additional 0.10% bonus on top of our standard Term Deposit rate for the new term

Different interest rates apply to different amounts or different interest payment frequencies.

Details

Rates and fees information correct as at 14 June 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

5.00% p.a. ($1,000 to $2,000,000)

5.25% p.a. ($1,000 to $2,000,000)

5.25% p.a. ($1,000 to $2,000,000)

5.25% p.a. ($1,000 to $2,000,000)

5.20% p.a. ($1,000 to $2,000,000)

5.00% p.a. ($1,000 to $2,000,000)

5.10% p.a. ($1,000 to $2,000,000)

5.20% p.a. ($1,000 to $2,000,000)

Other financial bits

$1,000.00

$2,000,000.00

Features

yes

yes

31 days notice required if customers want to withdraw their funds before the maturity date and a prepayment adjustment (break cost) may apply.

Roll over principal after it reaches maturity to another Term Deposit and receive an additional 0.10% bonus on top of our standard Term Deposit rate for the new term

Different interest rates apply to different amounts or different interest payment frequencies.

Customer Reviews

How are Judo Bank term deposits rated by the Mozo community?

Overall
6.8/10
Price
8.4/10
Features
7.0/10
Customer service
6.1/10
Convenience
6.6/10
Trust
6.8/10
Based on 22 Judo Bank term deposit reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

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Yes up to $250,000

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5.25% p.a.

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Yes up to $250,000

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Yes up to $250,000

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