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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.
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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Product Name | Judo Bank Term Deposit |
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3 month interest rate | 1.15% |
6 month interest rate | 1.85% |
9 month interest rate | 2.10% |
12 month interest rate | 2.95% |
24 month interest rate | 3.64% |
36 month interest rate | 4.00% |
48 month interest rate | 4.15% |
60 month interest rate | 4.25% |
Minimum Opening Deposit | $1,000 |
Minimum Age Requirement | 18 |
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. |
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June 15, 2022
how do i open a term deposit account
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
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?
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
February 3, 2022
Is a deposit with Judo bank of $2m Guaranteed by the Government deposit Guarantee Scheme?
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
January 15, 2022
Are fixed deposits with Judo Government backed or guaranteed? What conditions?
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
January 12, 2022
Is Judo bank covered by the Australian Government guarantee for up to $250,000?
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