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Finder Awards 2020 Best Term Deposit (12 month)

Judo Bank offers fixed rates on term deposit accounts, a choice of term lengths to choose from and a minimum opening deposit of $1000. Judo offers a loyalty bonus of 0.10% p.a. if you open another term deposit.

Finalists:

Methodology: Best Term Deposit (12 month)

Here's how our expert analysts assessed the Best Term Deposit (12 month) category to pick the 2020 winner.

Selection and scoring

Products were selected from the broader market that met these criteria:

  • Restricted accounts do not qualify
  • Excludes SMSF funds and restricted funds
  • Excludes TDs with minimum deposits above $5,000

Qualifying accounts were then ranked by interest rate.

Availability criteria

Product must be available at the time of award announcement.
Products were analysed and compared to the market on the following dates:

  • 1/9/19 (Q1)
  • 1/12/19 (Q2)
  • 29/2/20 (Q3)
  • 32/5/20 (Q4)

Products must have been in the market for at least two of the four quarters, including the most recent quarter.
Quarters were weighted as follows unless otherwise stated (with Q4 being the most recent quarter):

  • Q4: 50% of final score
  • Q3: 25% of final score
  • Q2: 12.5% of final score
  • Q1: 12.5% of final score

For products only available in three quarters, the weighting is as follows:

  • Q4: 50% of final score
  • Q3: 35% of final score
  • Q2: 15% of final score

For products only available in two quarters, the weighting is as follows:

  • Q4: 60% of final score
  • Q3: 40% of final score

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