Your selected term deposits
Judo Bank is an Australian challenger bank that focuses on financial services for small and medium-sized enterprises (SMEs). For individual banking, they offer SMSF and individual term deposit products.
Individual term deposits have features like
2024 Mozo Experts Choice Award winner
0.10% loyalty bonus interest
Choose between Annual, monthly, and at-maturity interest payments
No branch access, online only
Judo Bank could be a good option if you’re looking to lock your cash up with a high interest rate. This online only bank has been a winner in the Mozo Experts Choice Awards for multiple years and most recently took home a win in our 2024 Term Deposit awards.
So what makes Judo Bank a compelling provider? Judo Bank has consistently offered the highest term deposit rates across a range of terms we track. With Judo, you can lock your cash away for as little as 3 months up to 5 years. Savers can also snag a 0.10% bonus rate if they roll over a deposit at maturity. However, customers can also choose to have their principal and interest paid into an external bank instead.
Setting up a Judo Bank term deposit is straightforward too. Savers need to be 18 or over, have Australian citizenship or permanent residency, and provide two forms of ID (current Medicare card, Australian driver's license, or Australian passport). Keep in mind that as a branchless provider, the entire application process is completed online.
| 3 months | 5.00% p.a. | ($1,000 - $2,000,000) |
| 6 months | 5.15% p.a. | ($1,000 - $2,000,000) |
| 9 months | 5.05% p.a. | ($1,000 - $2,000,000) |
| 1 year | 5.00% p.a. | ($1,000 - $2,000,000) |
| 2 years | 4.75% p.a. | ($1,000 - $2,000,000) |
| 3 years | 4.65% p.a. | ($1,000 - $2,000,000) |
| 4 years | 4.50% p.a. | ($1,000 - $2,000,000) |
| 5 years | 4.50% p.a. | ($1,000 - $2,000,000) |
| 3 months | 5.00% p.a. | ($1,000 - $2,000,000) |
| 6 months | 5.15% p.a. | ($1,000 - $2,000,000) |
| 9 months | 5.05% p.a. | ($1,000 - $2,000,000) |
| 1 year | 5.00% p.a. | ($1,000 - $2,000,000) |
| 2 years | 4.75% p.a. | ($1,000 - $2,000,000) |
| 3 years | 4.65% p.a. | ($1,000 - $2,000,000) |
| 4 years | 4.50% p.a. | ($1,000 - $2,000,000) |
| 5 years | 4.50% p.a. | ($1,000 - $2,000,000) |
Your selected term deposits
Very good interest rates and easy to talk to staff. Extremely helpful and trustworthy.
Unfortunately they don’t offer the highest long term deposit rates anymore :-(
Not top anymore with interest rates.
I have had wholly positive experiences with Judo bank term deposits. Initially I opened an account as they had the best interest rates and they are covered with the $250,000 government insurance scheme so I felt confident using Judo. The application process is easy with excellent security and there is phone support if required. My returns are always paid out on time and at the best rates. I continue to use them regularly and enjoy the loyalty bonus. Highly recommend as I do yo family and friends often.
Judo bank Everything is done online. Competitive interest rates Secure with PWD sent to your mobile everytime.
I have had several term deposits with Judo Bank and all have been very positive experiences. They have consistently competitive interest rates, especially for short-terms and low minimum deposit amounts. The application process is very easy, step by step and all online. Security during application and after is very strong, regularly verifying identity. The online banking page is clear and simple after the account is set up too. All account details from set-up process, account confirmation to maturity are emailed so I feel confident in having all the information on record. The fact they are covered by the government insurance scheme offers peace of mind. When I have had questions the service over the phone has been great, small wait time and quality customer service. I will continue to bank here and recommend highly.
I opened numerous term deposits with Judo Bank, and I've been extremely pleased with the experience. Judo Bank has proven to be a reliable and trustworthy institution for managing my savings. The process of opening a term deposit with Judo Bank was simple and straightforward. Their website provided clear instructions and guidance throughout the application process. I felt confident that my investment was in capable hands. What impressed me most about Judo Bank was the competitive interest rates they offered on their term deposits. I found their rates to be highly competitive compared to other financial institutions, which made my decision to choose Judo Bank an easy one. It's reassuring to know that my savings are working hard for me and earning a solid return. Judo Bank's commitment to transparency and honesty is evident in their communication. They provided detailed information about the terms and conditions of my term deposit, including the interest rate and maturity date. This level of transparency instilled confidence in me as a customer. The customer service I received from Judo Bank was exceptional. Whenever I had questions or needed assistance, their team was responsive and knowledgeable. They provided timely updates on my term deposit and made the process hassle-free. Another aspect I appreciate about Judo Bank is their commitment to security. I feel confident that my funds are well protected and that Judo Bank adheres to stringent security measures to safeguard my investment. I have been impressed with my experience thus far and will continue to entrust Judo Bank with my financial needs.
Judo offers very competitive rates in comparison to the big banks. They don't have saving accounts but they do have amazing term deposits. I was able to get a fantastic rate by contacting the manager of term deposits, he was fantastic to deal with. Highly recommended, even my family and friends have opened a term deposit with them and are very happy.
Fantastic rates, best rates offered when comparing to the other banks. Very good opportunity since the rates are so high. Had a talk with one of the managers and was able to receive high rates. It is online only but still very reliable with the Government Guarantee.
Tried to invest $250,000 into a term deposit - with an initial payment of $1,000 to test the system. Unable to 'see' the term deposit account, and no reply from Judo Bank within 5 days - then they sent me an email stating that I need to invest the total amount within a few days or only the $1,000 will count as the term deposit. All too hard - with no communication. How can you trust this bank when you can't find the term deposit account details of your initial deposit... They offer great rates, but I'm happier elsewhere - where I can see my investment in their system.
In general, term deposits are safe. Also, as an Authorised deposit-taking institution, deposits with Judo Bank are covered by the Government's Financial Claims Scheme for up to $250,000 in the unlikely event of a failure.
Judo Bank is on the lower end of minimum deposits at $1,000. It has a maximum deposit allowance of $2,000,000
There are no establishment or account-keeping fees for Judo Bank term deposits.
* Different interest rates apply to different amounts or different interest payment frequencies.
^See information about the Mozo Experts Choice Term Deposit Awards
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