Founded in 2016, Judo Bank is a new SME challenger bank built specially to make it easier for Aussie businesses to get the funding they need and the service they deserve. In 2019, APRA announced it had granted Judo Bank a licence to operate as an authorised deposit-taking institution (ADI).
Judo Bank provides personal term deposits, and this is currently its only non-business financial product.
Customers can contact Judo Bank via:
Benefits
Drawbacks
Use our term deposit calculator to see how much you can earn under different investment scenarios.
Final balance at the end of term would be
Judo Bank is one of the youngest deposit-taking institutions in Australia. It offers some of the most competitive term deposit rates around.
Customers can apply for term deposits from 3 months to 5 years. Interest may be paid at maturity, monthly or annually.
Judo Bank offers customers a “loyalty bonus” when you roll over your maturing term deposit into a new term deposit with the bank. Customers can earn additional bonus interest on top of the standard term deposit rates for the new term.
Judo Bank’s term deposits require 31 days’ notice to break a term deposit before it reaches maturity.
Judo Bank doesn't charge monthly service fees for term deposits, however you may incur an interest adjustment for terminating a term deposit before it reaches maturity.
Judo Bank term deposits are a highly competitive choice in the Australian market.
If you’re in the market for a term deposit to store your money and lock it away to earn interest at a high rate, without much interaction, Judo Bank may be one option to consider. Judo Bank is able to offer customers high interest rates compared to many other providers, including the big four banks.
As Judo Bank is such a young bank, there are currently no branches in Australia. If you’re the type of customer who relies on face-to-face communication with your bank, this may not be the most ideal term deposit option for you.
On this page
^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.
