Judo Bank vs AMP Bank Term Deposit
Rates and conditions verified 14 June 2026
Rates can change without notice. Last verified: 14 June 2026 (AEST). Please confirm details on the bank’s official page.
Two of the most competitive 12-month term deposits in our table. The rates run close, so the decision comes down to the minimum deposit, loyalty perks and how much brand familiarity matters.
At a glance
| Judo Bank Personal Term Deposit | AMP Bank Term Deposit (GO) | |
|---|---|---|
| Best rate (p.a.) | 5.35% (12 months) | 5.40% (12 months) |
| Minimum deposit | $1,000 | $5,000 |
Judo Bank Personal Term Deposit
Best for: savers who want a low entry point and a small loyalty bump for rolling over each term
- • Low minimum deposit — accessible for smaller balances
- • Loyalty bonus for repeat terms
- • A term-deposit specialist (2026 Finder award winner)
AMP Bank Term Deposit (GO)
Best for: savers who prefer an established banking brand and have a larger lump sum to lock away
- • Competitive 6- and 12-month terms
- • Higher minimum deposit
- • Long-established Australian bank
The verdict
On rate these two are line-ball — see the table — so the tie-breakers are practical. Judo has the lower minimum, which makes it the easier pick for smaller balances, and adds a small loyalty bonus when you roll a term over. AMP asks for a larger minimum but is the more familiar household name. If you're depositing a modest amount or value the loyalty bump, Judo edges it; if you're parking a larger lump sum and prefer a big-brand bank, AMP is a fine home.
FAQs
Is Judo Bank safe for a term deposit?
Yes. Judo Bank is an APRA-regulated Australian bank, so term deposits are covered by the Government's Financial Claims Scheme up to $250,000 per person per institution — the same protection as any major bank.
Which has the lower minimum deposit?
Judo Bank has the lower minimum, making it more accessible for smaller balances; AMP Bank requires a larger minimum. The exact figures are in the table above.
Does Judo's loyalty bonus make a real difference?
It's a small uplift applied when you roll into a repeat term, so it rewards staying put rather than shopping around each maturity. Over a single 12-month term it's marginal; across several rollovers it adds up modestly.
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Information verified 14 June 2026. Rates are variable and subject to change. Confirm current rates and conditions on each provider's website before applying. This is not financial advice.