- Judo Bank offers some of the market's most competitive term deposit rates
- The neobank offers terms from three months to five years
- Customers rolling over a full term deposit on maturity may also be eligible for a loyalty bonus of 0.05%
Judo Bank is a neobank purpose built to be fast and nimble to help its customers capitalise on the right opportunities. Granted a banking license in 2019, Judo Bank is a business bank that lends to small to medium-sized enterprises (SMEs), however Judo also offers a highly competitive range of personal term deposits.
If you’re curious about investing your savings in a term deposit through a neobank like Judo Bank, you can be confident that your hard-earned cash is in safe hands. Like all banking institutions granted an ADI license, Judo is covered by the government’s $250,000 deposit guarantee and subject to the same strict regulations.
What term deposits does Judo Bank offer?
Judo Bank offers a broad range of term deposit products with terms ranging from three to nine months and one to five years with interest calculated daily.
Senior Business Performance and Pricing Leader at Judo Mark Rout said the bank's term deposits - both personal and business - support Judo’s core business of small to medium-sized enterprise (SME) lending.
“[But] in addition to supporting Australian SMEs, Judo Bank offers a variety of appealing and unique features to our term deposit customers," he said.
Judo Bank term deposit interest rates
| Bank | Term Deposit | Interest Rate | Interest Frequency | Term | Automatic Rollover | Maturity Alert | Early Withdrawal Available | Minimum Deposit | Maximum Deposit | Notice Period to Withdraw | Account Keeping Fee | Online Application | Joint Application | Tags | Features | Link | Compare | Promoted Product | Disclosure |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
5.50% p.a. | Annually | 48 months | $1,000 | $1,000,000 | – | – | |||||||||||||
5.50% p.a. | Annually | 60 months | $1,000 | $1,000,000 | – | – | |||||||||||||
5.50% p.a. | Annually | 48 months | $1,000 | $1,000,000 | – | – | |||||||||||||
5.50% p.a. | Annually | 60 months | $1,000 | $1,000,000 | – | – | |||||||||||||
5.40% p.a. | Annually | 24 months | $1,000 | $1,000,000 | – | – | |||||||||||||
5.40% p.a. | Annually | 36 months | $1,000 | $1,000,000 | – | – | |||||||||||||
5.40% p.a. | Monthly | 48 months | $1,000 | $1,000,000 | – | – | |||||||||||||
5.40% p.a. | Monthly | 60 months | $1,000 | $1,000,000 | – | – | |||||||||||||
5.40% p.a. | Annually | 24 months | $1,000 | $1,000,000 | – | – | |||||||||||||
5.40% p.a. | Annually | 36 months | $1,000 | $1,000,000 | – | – |
Why choose a term deposit over savings accounts?
Mr Rout said term deposits offer a fixed rate of interest, giving customers certainty of their return.
“There are no qualification criteria to earn that return and no start up or ongoing fees,” he said.
Customers rolling over a full term deposit on maturity may also earn a loyalty bonus of 0.05% - a sweetener that comes and goes according to Judo's pricing policies at the time.
Judo Bank term deposit features
Australian Government Guarantee
Deposits are protected under the Australian Government Guarantee up to a limit of $250,000 for each account holder at Judo Bank.
Loyalty bonus
If you roll over your maturing term deposit into a new Judo Bank term deposit, you may earn an additional 0.05% bonus interest on top of the standard term deposit rates for the new term.
Flexibility
Judo Bank term deposits allow customers to better manage their cashflow with three attractive interest payment frequencies:
- monthly
- yearly
- at maturity
across a range of term lengths (3, 6, 9, 12, 24, 36, 48, and 60 months).
Fee-free
There are no set-up fees on Judo Bank's term deposits and no ongoing account-keeping fees.
As with all term deposit products, Judo Bank will charge a break cost for early withdrawal. This cost is relative to the length of the term that has expired.
Customers will need to provide a written request to withdraw at least 31 days beforehand, unless they're experiencing financial hardship.
Competitive interest rates
Judo Bank prides itself on having market-leading rates, aiming to continue to offer highly competitive returns to its customers.
"Judo Bank has been one of the heaviest hitters in the term deposit market over the past few years. It has a record of consistency few other providers can compete with - at any given time, it’s a good bet Judo Bank is offering among the top returns on market. Besides high rates, another perk of Judo’s term deposit range is its loyalty bonus. At the time of writing, if you roll over your entire deposit upon maturity, Judo offers an additional 0.05% loyalty bonus interest rate on top of whatever the standard rate is. Despite standout products though, as at February 2026, Judo holds just 0.36% of the collective household deposits on the books of Australian banks. Brand familiarity might be an issue - Judo has only had an Authorised Deposit-taking Institution (ADI) licence since 2019 so many Australians probably haven’t even heard of it. But that doesn’t mean Judo is any less trustworthy than the major banks. Having an ADI licence, it’s covered by the Financial Claims Scheme just like the big boys. If you’re in the market for a TD, just take a minute to work out what your potential earnings might be with Judo Bank compared to whatever big bank you’re considering." 
What the expert says
How to apply for a Judo Bank term deposit
To apply for a Judo Bank term deposit, the following requirements must be met:
Over the age of 18
Be an Australian citizen or permanent resident, residing at an Australian residential address
Deposit at least $1,000
Required documents
To open an account with Judo, you’ll need the following documents and personal information:
A minimum of two of the following: Australian drivers license, passport, or current Medicare card
The details of your nominated bank account (BSB, account number, etc.)
Your tax file number (TFN) - this is not compulsory but providing a TFN could see you avoid being taxed at the highest marginal rate
Your mobile number and email address
For joint applications, each applicant requires a unique email address and a unique mobile phone number.
What to do when your Judo term deposit ends?
When your Judo term deposit reaches maturity, one of two things will happen:
You will be paid the entire balance (plus interest) into your nominated bank account at the maturity date, or
The entire amount will default into a new term deposit of the same term (but not necessarily the same interest rate)
If no instructions are provided to Judo Bank before you reach maturity, it will default to the second option and you’ll face automatic rollover. However, Judo Bank term deposits have a grace period of 10 days where you can withdraw or top up the money without penalty.