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SMSF Term Deposit (At Maturity)

  • 3 months
  • Automatic maturity rollover
  • Joint application available
  • Maturity alert by email

Interest rate

4.85%

Maximum rate

5.10%

for 6 months

SMSF Term Deposit (At Maturity)

  • 3 months
  • Automatic maturity rollover
  • Joint application available
  • Maturity alert by email

Interest rate

4.85%

Maximum rate

5.10%

for 6 months

Pros and Cons

For SMSF Term Deposit (At Maturity)

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 (At Maturity)

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

Visit Judo Bank Pty Ltd to view Target Market Determination.

Interest

Interest calculation frequency

Daily

Interest payment frequency options

At Maturity

Interest payment via other institution

Interest payment method

Direct Credit

Fees

Account keeping fee

$0

Early withdrawal fee

Rates

TermRates on deposit of ($1,000 - $1,000,000)
3 months4.85%
6 months5.10%
9 months5.10%
1 year5.10%
2 years4.85%
3 years4.85%
4 years4.85%
5 years4.85%

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