In this guide

  • Our verdict
  • Details
    • Product details
  • Key features
  • How to apply
  • Your reviews
  • Ask a question

Judo Bank Savings Account

Judo Bank Savings Account

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Maximum variable rate
5.10% p.a.
Base interest rate
0.05% p.a.
Minimum deposit
$300

Our verdict

Earn an ongoing bonus rate of 5.10% p.a. when you deposit $300 per month.

The Judo Bank Savings Account offers a market-leading variable bonus rate of up to 5.10% p.a.. To earn this bonus rate all you need to do is deposit $300 per month. The bonus rate is available on balances up to $250,000.

Pros

  • High ongoing variable bonus rate of 5.10% p.a.
  • Make withdrawals and still earn bonus interest
  • No requirement to grow your balance
  • Bonus interest available on balances up to $250,000

Cons

  • No linked bank account

In this guide

  • Our verdict
  • Details
    • Product details
  • Key features
  • How to apply
  • Your reviews
  • Ask a question

Details

Product details

Product Name Judo Bank Savings Account
Maximum Variable Rate 5.10% p.a.
Standard Variable Rate 0.05% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $1
Minimum Age 18

Key features

Ongoing variable bonus rate of 5.10% p.a.

This account has an ongoing variable bonus rate of 5.10% p.a. when you deposit $300 per month.

If you don't meet the deposit requirement one month you'll earn the standard variable rate of 0.05% for that month.

You'll be eligible to earn the bonus rate again the following month.

You can make withdrawals.

You can make withdrawals from the account and still earn the bonus interest rate. Once the $300 deposit has been made for the month, there's no requirement to keep it there or grow your balance.

Earn bonus interest on balances up to $250,000.

The variable bonus rate is available on balances up to $250,000. If you've got a larger balance than this, the portion above $250,000 will earn the standard variable rate of 0.05% p.a.

Link to any Australian bank account.

Judo Bank doesn't yet offer its own bank account. However, you can link this savings account to any Australian bank account to move money in and out of the account.

How to apply

You can apply online by completing the online form.

You need to be:

  • At least 18 years old.
  • An Australian resident with an Australian residential address.

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