Judo Bank Term Deposit

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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.

Up to 2.15% p.a.

Interest rate

60 months interest rate

$1,000

Minimum opening deposit

$0

Account keeping fee

Details

Product NameJudo Bank Term Deposit
3 month interest rate1.70%
6 month interest rate1.75%
9 month interest rate1.70%
12 month interest rate1.65%
24 month interest rate2.00%
36 month interest rate2.05%
48 month interest rate2.10%
60 month interest rate2.15%
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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2 Comments

  1. Default Gravatar
    Pat
    December 4, 2019

    I have $125,000 that I would like to invest. I am 75 years old and my husband and I are receiving an aged pension. I also have $14,000 in First State Super that I would.ike to know if I could get better interest by putting that money into a term deposit.
    I am confused as to where I would get the best return.

    • Default Gravatar
      Nikki
      December 6, 2019

      Hi Pat,

      Thanks for your comment and I hope you are doing well.

      There are different ways to earn interest in your investment. A high-interest savings account is a bank account that helps your savings grow faster. Generally, it offers a higher interest rate compared to other transaction accounts.

      A term deposit is another savings account where your money is kept away for a fixed term at a fixed interest rate.

      Choosing between these will highly depend on your circumstances and your cash flow needs.

      You can find and compare term deposit rates on this page and and high interest savings on this page. On those pages, you will find a table where you can compare the features and benefits of each home loan provider such as loan amount, fees, interest and etc. Start by using the calculator on top of the table. Enter the information needed and click calculate. This will show your interest earned per provider. This way it will be easier for you to see which provider fits you best.

      You can also click the compare box beside each loan option and compare up to 4 options side by side for easier comparison.

      As a friendly reminder, review the eligibility criteria, fees, interest rates, and terms & conditions of the chosen account before applying. You may also contact the bank should you have any questions about their product.

      Hope this helps and feel free to reach out to us again for further assistance.

      Best,
      Nikki

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