Judo Bank Term Deposit

- Interest rate 12 months interest rate
- Up to 5.35% p.a.
- Minimum opening deposit
- $1,000
- Account keeping fee
- $0
Summary
Earn a competitive, fixed interest rate on your deposit with Judo Bank.
The Judo Bank Term Deposit offers a range of term lengths to choose from, between three months and five years. The minimum opening deposit is just $1,000 and there are no account-keeping or set-up fees to pay.
Pros
-
Competitive rate of 5.05% p.a. for 6 months
-
Loyalty bonus interest available
-
Interest paid into any Australian bank account
-
Small opening deposit
Cons
-
31 days’ advance notice required in case of withdrawing funds before maturity
-
A prepayment cost applies (in the form of interest adjustment) if you break the term deposit before it matures. The cost will be determined by Judo Bank.
Details
Key details
Product Name | Judo Bank Term Deposit |
3 month interest rate | 4.90% |
6 month interest rate | 5.05% |
9 month interest rate | 5.20% |
12 month interest rate | 5.35% |
24 month interest rate | 5.35% |
36 month interest rate | 5.35% |
48 month interest rate | 5.30% |
60 month interest rate | 5.30% |
Minimum Opening Deposit | $1,000 |
Minimum age requirement | 18 |
Government guarantee | Yes |
Eligibility
Minimum Age Requirement | 18 |
Joint account availability | Yes |
Min Deposit | $1,000 |
Available to children | Not available for children |
Your reviews

Alison Finder
Editor
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Shubham Pandey Finder
October 23, 2023
Hi Anne,
Thankyou for your question.
All term deposit interest rates mentioned in the guide are on a per annum (p.a.) basis.
Yes, if paid monthly, the interest rate stands at 5.05% p.a.
Please note: Interest rates are current and are subject to change. The rate may have changed by the time you apply.
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JANE
October 01, 2023
Can you please tell me if I was to access the funds within the year, does that mean the interest rate is calculated on the remainder of the money?

Shubham Pandey Finder
October 23, 2023
Hi Jane,
If you access the funds within the year and make an early withdrawal from your Judo Bank Term Deposit, the interest rate you receive will be adjusted based on the percentage of the term elapsed as of the prepayment date.
Here’s how it works:
0% to less than 20% of the term elapsed: You’ll receive 90% of the Term Deposit interest rate.
20% to less than 40% of the term elapsed: You’ll receive 80% of the Term Deposit interest rate.
40% to less than 60% of the term elapsed: You’ll receive 60% of the Term Deposit interest rate.
60% to less than 80% of the term elapsed: You’ll receive 40% of the Term Deposit interest rate.
80% to less than 100% of the term elapsed: You’ll receive 20% of the Term Deposit interest rate.
So, the earlier you access your funds within the year, the lower the interest rate you’ll receive based on the percentage of the term remaining.
Note that 31 days’ advance notice is required in case of withdrawing funds before maturity
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Richard
August 08, 2023
Can I invest superannuation money in a 2 year account if so what form do I fill in

Raj Lal Finder
September 18, 2023
Hi Richard,
Thanks for contacting Finder.
Judo Bank offer a 2 year term deposit; to set one up, you must apply through their website.
Thanks
Raj

M
July 13, 2023
I have a question regarding the interest rate columns for the Judo Bank Term Deposit. Could you please explain how the interest is calculated? For instance, do the interest rates apply on a monthly basis or are these annual rates? For example, if I look at the first three colums which are 3-month interest rate of 5.15%, 6-month interest rate 5.45%, 9-month interest rate 5,45%, does that mean I will receive these percentages of interest In each of these month?
Details
Key details
Product Name Judo Bank Term Deposit
3 month interest rate 5.15%
6 month interest rate 5.45%
9 month interest rate 5.45%
12 month interest rate 5.45%
24 month interest rate 5.35%
36 month interest rate 5.35%
48 month interest rate 5.15%
60 month interest rate 5.25%
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Alison Banney Finder
July 18, 2023
Hi, all term deposit interest rates are on a per annum (p.a.) basis.

Macca
June 06, 2023
Hello, if opening a Term Deposit in Joint names (husband and wife) does the government guarantee $250,000.00 or $500,000.00?

Alison Banney Finder
June 08, 2023
Hi Macca, the guarantee is per person not per account. So in this case, you’d be covered for $250,000 each (assuming you have no other deposits with this bank). Thanks, Alison.
Anne
October 03, 2023
On a 12 month term deposit is interest 5.25% paid monthly or annually? If paid monthly does the rate (5.25%) reduce?