Judo Bank Term Deposit
Judo Bank Term Deposit
Mozo Review Judo Bank Term Deposit Review
Last updated: 15 October 2019.
What's hot:
2.25% rate for a three year term
Option to have interest paid to another bank
What's not:
31 days notice to withdraw funds before maturity
Mozo snapshot:
If you’re keen to take out a term deposit with a provider that does things a little differently, then the Judo Bank Term Deposit might be one to consider. Whether you’re looking to lock away your funds for six months or five years, your investment will earn interest at a competitive rate.
Key features:
With the Judo Bank Term Deposit, Aussie savers will be able earn competitive interest rates for a range of terms:
2.35% for a 6 month term
2.15% for a 9 month term
2.15% for a one year term
2.20% for a two year term
2.25% for a three year term
2.10% for a four year term
2.10% for a five year term
On top of the these rates, savers will also earn a 0.10% loyalty bonus on top of the standard rate if you choose to reinvest your balance in another term deposit once it’s reached maturity.
You’ll also be able to have interest paid on a schedule that 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.
Who it's good for:
The Judo Bank Term Deposit is a great option for Aussie savers looking to earn a competitive rate on a term deposit and is interested in locking away their funds for a long term.
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.
Details
Rates and fees information correct as at 19 October 2019. 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
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2.35% p.a. ($1,000 to $1,000,000)
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2.15% p.a. ($1,000 to $1,000,000)
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2.15% p.a. ($1,000 to $1,000,000)
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2.20% p.a. ($1,000 to $1,000,000)
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2.25% p.a. ($1,000 to $1,000,000)
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2.10% p.a. ($1,000 to $1,000,000)
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2.10% p.a. ($1,000 to $1,000,000)
Other financial bits
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$1,000.00
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$1,000,000.00
Features
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none
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yes
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yes
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31 days notice required if customers want to withdraw their funds before the maturity date.
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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 for the new term
Customer Reviews
This product is not currently reviewed.
