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- Term Deposits
- Judo Bank
- SMSF Term Deposit (Annually)
SMSF Term Deposit (Annually)
- 12 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
5.10%
Maximum rate
5.10%
for 12 months
SMSF Term Deposit (Annually)
- 12 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
5.10%
Maximum rate
5.10%
for 12 months
Pros and Cons
For SMSF Term Deposit (Annually)
Benefits
- No account keeping fees
- Interest can be paid to other institution
- Automatic maturity rollover
- Maturity alert by email and phone
Drawbacks
- 31 days notice to withdraw funds before maturity and interest rate adjustment will apply to interest earned on funds
Judo Bank Rate Term Deposit overview
For SMSF Term Deposit (Annually)
Features
Min deposit
$1,000
Automatic maturity rollover
Maturity alert by phone
Maturity alert by email
Joint application available
Minimum age requirement
18
Notice period to withdraw
31
Is covered by government guarantee
Target Market Determination
Interest
Interest calculation frequency
Daily
Interest payment frequency options
Annually
Interest payment via other institution
Interest payment method
Direct Credit
Fees
Account keeping fee
$0
Early withdrawal fee
Rates
Other Restrictions
To open an SMSF TD with Judo Bank you will need the fund's ABN and for corporate trustees their ACN AND each authorised representative (trustee or director of corporate trustee) will need: (1) a minimum of two of the following three identification documents – Australian Driver’s Licence, Passport and Medicare Card (2) their mobile number and email address for verification and correspondence purposes (each individual requires a unique email address) (3) they must be over 18 years of age and not under a legal disability or a disqualified person (4) they must be an Australian resident for tax purposes (5) they must be living at an Australian residential address
