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Judo Bank Term Deposit

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.

3.0 ★★★★★ (2 reviews) Write a review

Up to 4.25% p.a.

Interest rate

60 months interest rate

$1,000

Minimum opening deposit

$0

Account keeping fee

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Details

Product NameJudo Bank Term Deposit
3 month interest rate1.15%
6 month interest rate1.85%
9 month interest rate2.10%
12 month interest rate2.95%
24 month interest rate3.64%
36 month interest rate4.00%
48 month interest rate4.15%
60 month interest rate4.25%
Minimum Opening Deposit$1,000
Minimum Age Requirement18
The rates displayed above are interest rates paid at maturity only. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.

Key features

No account fees

There are no set-up fees to get started with this account and there are no ongoing account-keeping fees to worry about.

Range of term lengths

You can choose from a range of term lengths, depending on how long you want to lock your money into the term deposit. Available term lengths include 3, 6, 9, 12, 24, 36, 48 and 60 months.


How to apply

Eligibility

You can apply for a 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.

  • Age. You must be over 18 years old to open this account.
  • Residency. You're an Australian resident with an Australian residential address.

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12 Comments

  1. Default Gravatar
    sunil
    June 15, 2022

    how do i open a term deposit account

    • Avatarfinder Customer Care
      Alison
      July 1, 2022

      Hi Sunil,

      To open a Judo Bank Term Deposit all you need to do is complete the application form available on their website. Note that you need to be an Australian citizen or permanent resident over the age of 18. You’ll also need to show your ID when applying.

      Thanks,
      Alison

  2. Default Gravatar
    Steve
    April 15, 2022

    Hi Alison. Can both my wife and I take out individual term deposits of $250k and be covered by the Australian Government Deposit Guarantee Scheme?

    • Avatarfinder Customer Care
      Alison
      April 25, 2022

      Hi Steve,

      Yes. In general, the Australian bank Government Guarantee protects your deposit up to the value of $250,000. This cap applies per person and per Authorised Deposit-taking Institution (ADI). For joint accounts, each person is entitled to an individual guarantee. For example, for a joint account holding two people, the account is covered up to $500,000.

      Regards,
      Alison

  3. Default Gravatar
    Ben
    February 3, 2022

    Is a deposit with Judo bank of $2m Guaranteed by the Government deposit Guarantee Scheme?

    • Avatarfinder Customer Care
      Alison
      February 15, 2022

      Hi Ben,

      While Judo bank is covered by the Australian Government Deposit Guarantee Scheme, only deposits of up to $250,000 are protected. This is the case for all banks.

      You can visit our guide on this scheme for more details on how it works.

      Thanks,
      Alison

  4. Default Gravatar
    Mr
    January 15, 2022

    Are fixed deposits with Judo Government backed or guaranteed? What conditions?

    • Avatarfinder Customer Care
      Alison
      January 29, 2022

      Hi,

      Yes, authorised deposit-taking institutions (ADI) such as Judo bank (including all deposit accounts held in this bank) are covered by the Australian Government Deposit Guarantee Scheme. This means your deposit of up to $250,000 is protected.

      Please feel free to check out the complete list of covered banks on APRA’s website.

      Thanks,
      Alison

  5. Default Gravatar
    Eddie
    January 12, 2022

    Is Judo bank covered by the Australian Government guarantee for up to $250,000?

    • Avatarfinder Customer Care
      Alison
      January 30, 2022

      Hi Eddie,

      That’s a good question and the answer is yes. Under the Financial Claims Scheme, deposits are protected up to a limit of $250,000 for each account holder at Judo Bank. For more information please visit http://www.fcs.gov.au.

      I hope this helps.

      Regards,
      Alison

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