Personal Term Deposit
p.a.
Your money is secure with Judo Bank
Judo Bank is an authorised deposit-taking institution covered under the Government's Financial Claims Scheme.
Deposits with Judo Bank are covered up to a limit of $250,000 for each account holder under the Government's Financial Claims Scheme
Our digital experience is secure and user-friendly with a fast application process and simple digital account management.
Personal Term Deposit rates
| Term | Interest Paid at Maturity | Interest Paid Monthly | Interest Paid Annually |
|---|---|---|---|
| 3 Months | 4.95% p.a. | 4.85% p.a. | |
| 6 Months | 5.05% p.a. | 4.95% p.a. | |
| 9 Months | 5.05% p.a. | 4.95% p.a. | |
| 1 Year | 5.00% p.a. | 4.90% p.a. | 5.00% p.a. |
| 2 Years | 4.70% p.a. | 4.60% p.a. | 4.65% p.a. |
| 3 Years | 4.60% p.a. | 4.50% p.a. | 4.55% p.a. |
| 4 Years | 4.45% p.a. | 4.35% p.a. | 4.40% p.a. |
| 5 Years | 4.45% p.a. | 4.35% p.a. | 4.40% p.a. |
| Term | |
| 3 Months | 4.95% p.a. |
| 6 Months | 5.05% p.a. |
| 9 Months | 5.05% p.a. |
| 1 Year | 5.00% p.a. |
| 2 Years | 4.70% p.a. |
| 3 Years | 4.60% p.a. |
| 4 Years | 4.45% p.a. |
| 5 Years | 4.45% p.a. |
| Term | |
| 3 Months | 4.85% p.a. |
| 6 Months | 4.95% p.a. |
| 9 Months | 4.95% p.a. |
| 1 Year | 4.90% p.a. |
| 2 Years | 4.60% p.a. |
| 3 Years | 4.50% p.a. |
| 4 Years | 4.35% p.a. |
| 5 Years | 4.35% p.a. |
| Term | |
| 3 Months | |
| 6 Months | |
| 9 Months | |
| 1 Year | 5.00% p.a. |
| 2 Years | 4.65% p.a. |
| 3 Years | 4.55% p.a. |
| 4 Years | 4.40% p.a. |
| 5 Years | 4.40% p.a. |
A Term Deposit that takes care of business
At Judo Bank, we support our customers with award-winning products and customer service.
Bank of the year
Judo Bank has claimed the Bank of the Year Award - Term Deposits from Canstar 4 years in a row.
Join over 46,800 other Aussies
As of 30 June 2024, our Term Deposit customers have deposited over $8.2 billion – helping fund the future of our business customers.
Multi-award-winning Term Deposit
We're proud to have continued to receive industry recognition from Canstar, Mozo, RateCity and more.
Features and benefits
Our Term Deposits have been designed for people looking for the security of fixed returns over the term selected.
Secure digital experience
Apply for and manage your Term Deposit using our simple and secure digital experience.
Loyalty Bonus
Roll over your entire Term Deposit with us on maturity and you may earn an additional 0.10% bonus interest* on top of our standard Term Deposit rates.
Flexible interest frequency and terms
Better cashflow management with interest payments that suit you: monthly, yearly, or at maturity. Choose from terms of 3 months up to 5 years.
Make the most of your money
With no application or monthly account fees, all your savings get put to good use, provided you hold your Term Deposit until maturity.
Award-winning Term Deposit
Judo Bank is proud to be recognised as a market-leading Term Deposit issuer. We are committed to helping our customers earn great fixed returns on their savings.
Term Deposit Comparison Calculator
What you need to open an account
Our Term Deposits have been designed for people looking for the security of a fixed return on their investment. To apply, you'll need:
Identification
Provide any TWO of the following documents: Current Australian driver’s licence, current Australian passport, or current Medicare card.
Australian residency
Australian citizenship or permanent residency, and reside permanently in Australia. You must be over the age of 18.
Nominated Bank account
External nominated Bank account details.
Tax File Number
Australian Tax File Number (TFN) or exemption (it's not compulsory to provide your TFN, but doing so could avoid taxation at the highest marginal rate).
Mobile phone number and email
Australian mobile phone number and email address for verification and correspondence purposes.
Joint accounts
For joint account applications, each applicant requires a unique email address and a unique mobile phone number is also recommended.
Frequently asked questions
How do I apply for a Term Deposit?
To Apply for a Judo Term Deposit, Click on the "Apply Now" link.
To complete your application you will need the following:
- A minimum of two of the following identity verification documents
- Your current Australian drivers licence
- Your current Australian passport
- Your current Medicare card
- Your nominated bank account details.
- It is not compulsory to provide your Australian Tax File Number (TFN). However, if you choose not to provide us with your TFN or a relevant exemption, we will be required to deduct withholding tax from any interest we pay you.
- Your Australian mobile phone number and email address for verification and correspondence purposes.
- For Joint Applications - a unique email address for each applicant and, preferably, a unique mobile phone number for each applicant.
What interest rate will be applied on my Term Deposit?
The interest rate that will apply on your Term Deposit will be the current rate on the day your application is accepted and your Term Deposit account is opened. The applicable interest rate will be reflected in your Welcome Letter and in Digital Banking. You will then have 10 calendar days to fund the Term Deposit in order to lock in that interest rate. If you do not agree with the applicable interest rate, please do not fund the Term Deposit.
How do I fund my Term Deposit?
To fund your Judo Bank Term Deposit, you have two options to choose from:
1 - Perform a ‘Pay Anyone’ via your existing bank account to Judo Bank using BSB 725-888 and your Judo Bank Account Number. Please keep in mind that ‘Pay Anyone’ transfers take 1-2 business days to be available in your Term Deposit.
OR
2 - Perform a BPAY to Judo Bank using Biller Code 274753 and using your Judo Bank Account Number as the Biller Reference Code. You can transfer up to $500,000 per day via BPAY (subject to the daily BPAY limit applicable to the account you are transferring from). Please keep in mind that ‘BPAY’ transactions take 3-5 business days to be available in your Term Deposit.
How do I provide/change my maturity instructions for my Term Deposit?
Step 1 - Log into Digital Banking via Judo’s website or the mobile app and click on the Term Deposit you wish to amend.
Step 2 - Click the Maturity instructions heading above the account overview.
Step 3 - You are now in the maturity instructions screen - your current maturity instructions are shown under the “What will happen at maturity” heading. You can modify the maturity instructions as you require by clicking on the Edit button on the righthand side.
Step 4 - You have three options to choose from:
- Roll over principal and interest
- Roll over principal only and pay out interest
- Pay out principal and interest and close.
Lastly on that screen, you can choose the term length if you choose to rollover your Term Deposit. Options from 3 months to 5 years will be available to select from. Refer to the Judo Bank Term Deposit website for the current Term Deposit rates, but keep in mind the applicable interest rate will be the prevailing interest rate on the maturity date.
Step 5 - Once you have chosen your maturity instructions, simply click on the “Modify maturity instructions” button and your changes will be saved.
Important note: You can use Digital Banking to instruct us to change your maturity instructions up until 10pm (AEST) on the Business Day before the Maturity Date (e.g., if the Maturity Date is a Monday, you can change your maturity instructions up until 10pm on the Friday before). You cannot change the maturity instructions after 10pm (AEST) on the Business Day before the Maturity Date or on the Maturity Date through Digital Banking. Where your Term Deposit reinvests, you have a Grace Period commencing on the Maturity Date and lasting for 10 calendar days. During this time, you can choose to withdraw, top up, change terms or transfer the funds in your Account without incurring any penalties. If you are providing instructions to us during the Grace Period, you must do so by contacting us via 13 JUDO (13 58 36) during Business Hours.
What is the difference between a term deposit versus a savings account?
A term deposit is an account where you get to lock away a set amount of money, for a set length of time, on a fixed interest rate. The interest rate is generally higher than for a savings account. This means greater certainty around the returns on your money.
Savings accounts are bank accounts that generally have a variable interest rate, meaning that the amount of interest you earn can change as interest rates move. Unlike term deposits, savings accounts generally allow you to add funds to, or withdraw funds from, your account.
*Judo Bank may decline, or cease, to offer a loyalty bonus at any time. Refer to Term Deposit Terms and Conditions for further information.
