In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other business term deposit accounts
  • Your reviews
  • Ask a question
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Judo Bank business term deposit

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Judo Bank Business Term Deposit
Interest rate 6 months interest rate
Up to 5.25% p.a.
Minimum opening deposit
$1,000
Account keeping fee
$0

Summary

Earn a competitive, fixed interest rate on your business deposit with Judo Bank.

The Judo Bank Business Term Deposit offers a range of term lengths to choose from, between 3 months and 5 years. The minimum opening deposit is just $1,000 and there are no account-keeping or set-up fees to pay.

This product is available to private companies, trusts and incorporated associations.

Pros

  • Judo Bank offers some of the best term deposit rates in the market
  • No account fees

Cons

  • 31 days’ advance notice required in case of withdrawing funds before maturity

In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other business term deposit accounts
  • Your reviews
  • Ask a question

Details

Key details

Product Name Judo Bank Business Term Deposit
3 month interest rate 5.00%
6 month interest rate 5.25%
9 month interest rate 5.25%
12 month interest rate 5.25%
24 month interest rate 5.20%
36 month interest rate 5.00%
48 month interest rate 5.10%
60 month interest rate 5.20%
Minimum Opening Deposit $1,000
Minimum age requirement 18
Government guarantee Yes

Eligibility

Minimum Age Requirement 18
Min Deposit $1,000
Available to children Not available for children

Congratulations, Judo!

Judo Bank 12-month term deposit won the award for 'Term Deposit (12 month)' in the 2024 Banking Product Awards.

Full list of 2024 winners

Key features

No account fees

There are no set-up fees to open this account and there are no monthly account-keeping fees to pay.

Range of term lengths

Available term lengths include 3, 6, 9, 12, 24, 36, 48 and 60 months. Typically, you’ll earn a higher fixed rate for longer term lengths.

Choose when to receive interest payments

You can select how often you want to receive your interest payments. Choose to receive your interest annually (for terms over 1 year), monthly or in one lump sum when your term deposit reaches maturity. If you choose to receive interest payments monthly, you’ll earn a slightly lower fixed interest rate.

The interest will be paid to your nominated external Australian bank account.

Launch term deposit calculator


How to apply

You can apply for a business term deposit with Judo Bank online in a few minutes. Before you start the application, make sure you meet the eligibility requirements and have the following documents ready.

Eligibility

  • Age. Each person named on the account must be over 18 years old.
  • Residency. Each person named on the account must be an Australian resident with an Australian residential address.

Compare other business term deposit accounts

1 - 10 of 30
Name 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Judo Bank Business Term Deposit
Judo Bank logo
$1,000 min. deposit
3 Mths p.a.
5.00%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
5.25%
7 Mths p.a.
-
12 Mths p.a.
5.25%
24 Mths p.a.
5.20%
Go to siteMore Info
Westpac Business Term Deposit
Westpac logo
$5,000 min. deposit$250,000 max. deposit
3 Mths p.a.
3.50%
4 Mths p.a.
3.55%
5 Mths p.a.
3.65%
6 Mths p.a.
3.75%
7 Mths p.a.
3.80%
12 Mths p.a.
4.25%
24 Mths p.a.
4.00%
More Info
ME Business Term Deposit
ME logo
$5,000 min. deposit
3 Mths p.a.
2.05%
4 Mths p.a.
4.35%
5 Mths p.a.
0.85%
6 Mths p.a.
4.50%
7 Mths p.a.
1.35%
12 Mths p.a.
4.60%
24 Mths p.a.
2.00%
More Info
Commonwealth Bank Business Term Deposit
Commonwealth Bank logo
$5,000 min. deposit
3 Mths p.a.
3.45%
4 Mths p.a.
3.50%
5 Mths p.a.
3.60%
6 Mths p.a.
3.70%
7 Mths p.a.
3.75%
12 Mths p.a.
4.55%
24 Mths p.a.
3.95%
More Info
ANZ Business Notice Term Deposit
ANZ logo
$5,000 min. deposit
3 Mths p.a.
3.50%
4 Mths p.a.
3.15%
5 Mths p.a.
3.20%
6 Mths p.a.
4.10%
7 Mths p.a.
3.40%
12 Mths p.a.
4.50%
24 Mths p.a.
3.90%
More Info
Suncorp Business Saver Account flexiRates
Suncorp Bank logo
3 Mths p.a.
4.20%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
4.60%
7 Mths p.a.
-
12 Mths p.a.
4.70%
24 Mths p.a.
-
More Info
ING Business Term Deposit
ING logo
$10,000 min. deposit
3 Mths p.a.
0.50%
4 Mths p.a.
0.50%
5 Mths p.a.
-
6 Mths p.a.
1.50%
7 Mths p.a.
0.80%
12 Mths p.a.
2.00%
24 Mths p.a.
2.40%
More Info
Arab Bank Business Fixed Term Deposit
Arab Bank Australia logo
$1 min. deposit
3 Mths p.a.
3.95%
4 Mths p.a.
3.70%
5 Mths p.a.
3.70%
6 Mths p.a.
4.60%
7 Mths p.a.
-
12 Mths p.a.
4.25%
24 Mths p.a.
3.80%
AMP Business Term Deposit
AMP Bank logo
$5,000 min. deposit$24,999 max. deposit
3 Mths p.a.
4.70%
4 Mths p.a.
4.70%
5 Mths p.a.
4.70%
6 Mths p.a.
5.00%
7 Mths p.a.
4.75%
12 Mths p.a.
5.00%
24 Mths p.a.
4.75%
Bank Australia Business Term Deposits
Bank Australia logo
Green Company
3 Mths p.a.
4.70%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
5.00%
7 Mths p.a.
-
12 Mths p.a.
4.85%
24 Mths p.a.
4.50%
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Showing 10 of 30 results

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Alison Finder

Editor

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Alka

October 05, 2023

Can I set up a term deposit for a family trust with a corporate trustee, if so, how can I go about setting it up? Also, will it be eligible for the Australian Government guarantee? Thanks


Avatar

Shubham Pandey Finder

October 23, 2023

Hi Alka,


Thankyou for your question.


Yes, you can set up a term deposit for a family trust with a corporate trustee through Judo Bank. To set it up, you would need to follow the steps mentioned in the above guide.


As for eligibility for the Australian Government guarantee, business term deposits with Judo Bank are typically covered by the Financial Claims Scheme. This means that in the unlikely event that something were to happen to Judo Bank, your deposit up to $250,000 is protected. This coverage should extend to term deposits held in the name of a family trust with a corporate trustee, but it’s always a good idea to double-check with Judo Bank to ensure your specific trust structure qualifies for the guarantee.


I hope this helps.


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Janetta

April 20, 2023

do you invest cash for superannuation funds


Avatar

Alison Banney Finder

April 21, 2023

Hi Janetta, this account is for businesses only, however Judo Bank does offer a separate SMSF Term Deposit for SMSF customers.


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