Finder Awards 2020 Best Term Deposit (12 month)
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
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.
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.
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
More guides on Finder
Tasmania electricity prices drop 1 July. How much will you save?
Households in Tasmania frustrated with high electricity bills will welcome the upcoming price drop which could save them up to $145 per year.
10 knitwear trends we’re rocking this winter
Look hot while you’re staying warm: Here are 60+ knits to shop no matter what budget or aesthetic you're rocking.
5 tax tips every Australian property investor needs to know this financial year
As we reach the end of the financial year, Australian property investors need to work out what they can claim and organise their records.
Virgin Australia announces free flights competition for vaccinated Aussies
Roll up your sleeves because COVID-19 vaccine incentives are on their way.
Finder Daily Deals: The 5 best deals in Australia today
Today's best Prime Day deals include: 50% off Oodie winter hoodies, 45% off Bose 700 headphones, cheap TEAC 4K UHD smart TVs.
Best Australian EOFY sales 2021: Dyson, eBay + heaps more
Score big this end of financial year with 85% off homewares, 80% off fashion and 60% off tech.
Madison Beer and Vanessa Hudgens launch skincare brand Know Beauty
Know Beauty includes cleansers, moisturisers and serums rooted in DNA personalisation. Here's how you can get your hands on it.
Amazon Prime Day Australia 2021: 11 great deals you can still get
Forgot that Prime Day was on? Don't panic! Here are 11 unmissable deals you can still get today.
Amazon Prime Day: Best global store deals to shop before time runs out
Samsung, Hasbro, KitchenAid, Lenovo, Nautica – take advantage of these Prime Day deals before they disappear.