Self-Managed Super Fund (SMSF) 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 Scheme, an account holder includes the trustee(s) of a superannuation fund (including an SMSF).
Our digital experience is secure and user-friendly with a fast application process and simple digital account management.
About our SMSF Term Deposits
Our SMSF Term Deposits may work for businesses seeking a secure and predictable return on investment, providing attractive interest rates and flexibility of investment terms, supported by the Government’s Financial Claims Scheme.
Our SMSF Term Deposits are only accessible to SMSFs with two or up to four individual trustees or one corporate trustee, with the convenience of applying online.
SMSF 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. |
Features and benefits
Our online application process for eligible SMSFs is fast and easy
Secure digital experience
Apply for and manage your Term Deposit using our simple and secure digital experience.
Growing your investment
At the end of the term, you’ll receive your initial investment plus the interest, provided you hold your Term Deposit until maturity.
Flexibility
Better cashflow management with interest payments that suit you: monthly, yearly, or at maturity. Choose from terms of 3 months up to 5 years.
Your money is put to good use
With no application or monthly account fees, all your savings get put to good use, provided you hold your Term Deposit until maturity.
SMSF Term Deposit Requirements
Only SMSFs with one corporate trustee or with two to four individual trustees are eligible to apply online and must meet the following requirements:
ABN and full name
The SMSF's ABN and full name.
Corporate Trustee
If the SMSF has a corporate trustee, the ACN and full name of the trustee.
Nominated External Bank Account
The SMSF's nominated external bank account details.
General Requirements
For each individual trustee, or director of the corporate trustee, Authorised Representative, Intermediary and/or Related Person you will need to:
Identification
Provide any TWO of the following documents: Current Australian driver’s licence, current Australian passport, or current Medicare card.
Australian resident
Be Australian tax residents and reside permanently in Australia living at an Australian residential address. We cannot accept applications from foreign tax residents. Be over the age of 18.
Mobile phone number and email
Provide an Australian mobile phone number and email address for verification and correspondence purposes (each individual requires a unique email address and phone number).
Frequently asked questions
What are the types of SMSF trustee(s) that can apply for a Judo Bank SMSF Term Deposit online?
An online SMSF Term Deposit is only available to one corporate trustee of an SMSF or two to four individual trustees.
Why do I need to provide details of all the trustees associated with my SMSF?
As part of our regulatory obligations, we need to be able to identify and verify all individual trustees associated with your SMSF (where the trustees are individuals), or all directors (where the trustee is a corporate trustee). As part of your online SMSF application, you’ll be asked to provide a unique email address and, preferably, a unique Australian mobile phone number for each individual trustee or director. Both email addresses and mobile phone numbers will be verified as part of the application process.
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.
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.
