Personal Term Deposit (At Maturity)
specialLoyalty Bonus - Roll over your principal after it reaches maturity to another Term Deposit and receive an additional 0.10% bonus on top of our standard Term Deposit for the new term
- Last updated on 11 Aug 2020
p.a for 60 months
p.a for 9 months
p.a for 6 months
- $0 Establishment or account-keeping fees
- Covered by government guarantee
- Interest can be paid to other institution
Judo Bank term deposits rates
|Savings Term||$1,000 - $1,000,000|
Maturity alert by email
Maturity alert by phone
Interest payment method
Interest payment via other institution
Account keeping fee frequency
Is covered by government guarantee
Notice period to withdraw
Joint application available
Covered by government guarantee restriction
Automatic maturity rollover
Early withdrawal fee
Account keeping fee
- Special Loyalty Bonus - Roll over your principal after it reaches maturity to another Term Deposit and receive an additional 0.10% bonus on top of our standard Term Deposit for the new term
Safe & Rewarding: Great rates and incentives incl. 0.10% added loyalty bonus and while Judo Bank Term Deposits work for you, they work for Aussie businesses too. All eligible deposits you have with Judo Bank up to $250,000, are guaranteed by the Australian Government under the Financial Claims Scheme.
Compare and review term deposits with similar features
Founded in 2016, Judo Bank is a new SME challenger bank built specially to make it easier for Aussie businesses to get the funding they need and the service they deserve. In 2019, APRA announced it had granted Judo Bank a licence to operate as an authorised deposit-taking institution (ADI).
Judo Bank provides personal term deposits, and this is currently its only non-business financial product.
Customers can contact Judo Bank via:
- Social media
A secured term deposit loan is a personal loan that’s secured by a term deposit. To take out a personal loan that’s secured by a term deposit you would need to go through the same bank.
Generally, secured term deposit loans offer a lower rate of interest than standard personal loans. This is because the interest generated by your term deposit offsets the interest applied to the loan.
A secured term deposit or term deposit secured loan enables you to leave your money invested in a term deposit while still being able to make significant cash purchases.
This type of personal loan usually offers many of the same features of a standard loan, including: redraw facility, variable and fixed interest rate options, and the ability to make extra repayments.
Term deposits can be compounded, depending on what you choose to do with the interest.
There are two ways to receive interest from a term deposit: either a lump sum at maturity; or paid on a regular basis, usually monthly. If you get your interest paid regularly, you can get it paid into a transaction account, or back into the term deposit account. By using this second option, you’re getting interest paid on your interest. In other words, it’s compounding.
Having the money paid into a transaction account means you can access it for your day-to-day spending, while compounding the interest means you get a better overall return on your investment. Both have advantages, depending on your needs, but be aware that some term deposit accounts that pay interest regularly may offer a lower interest rate to offset the effect of compounding.