Judo Bank Term Deposit Review (2026)
Rates and details verified 18 May 2026
Rates can change without notice. Last verified: 18 May 2026 (AEST). Please confirm details on the bank’s official page.
Best rate
5.45%
p.a. — 12 months
Minimum deposit
$1,000
personal TD
Loyalty bonus
+0.05%
p.a. on rollover
About Judo Bank
Judo Bank is an Australian challenger bank focused on business banking and personal term deposits. Founded in 2016 and listed on the ASX in 2021, Judo is an ADI (Authorised Deposit-taking Institution) regulated by APRA. Personal deposits are protected under the Government's Financial Claims Scheme up to $250,000.
Judo consistently offers some of the highest term deposit rates in Australia and won the 2026 Finder Award for best 12-month term deposit. Their low $1,000 minimum and 0.05% p.a. loyalty bonus for customers who roll over at maturity make them stand out in this market.
Rates by Term
| Term | Rate (at maturity) | With loyalty bonus |
|---|---|---|
| 3 months | 4.90% p.a. | 4.95% p.a. |
| 6 months | 5.20% p.a. | 5.25% p.a. |
| 12 months | 5.45% p.a. | 5.50% p.a. |
| Early withdrawal | Penalty rate applies — contact Judo Bank | |
Rates as at 18 May 2026. Check Judo Bank's website for the latest.
Pros and Cons
Pros
- ✓ 5.45% p.a. — among the highest 12-month rates in Australia
- ✓ Low $1,000 minimum deposit
- ✓ 0.05% loyalty bonus on rollover
- ✓ APRA-regulated ADI — deposits FCS-protected to $250k
Cons
- ✗ No 2-year or 5-year terms at competitive rates
- ✗ Penalty for early withdrawal
- ✗ Online/phone only — no branches
How It Compares
- Judo Bank: 5.45% p.a. — 12 months, $1,000 min
- AMP Bank GO: 5.40% p.a. — 12 months, $5,000 min
- Macquarie: 5.35% p.a. — 12 months, $5,000 min
- Great Southern Bank: 5.35% p.a. — 12 months, $5,000 min
Judo Bank leads on the 12-month term with the lowest minimum deposit. For investors who want longer terms, Great Southern Bank's 5.50% p.a. 5-year rate is notable.
FAQs
What is the best Judo Bank term deposit rate?
5.45% p.a. for 12 months (at maturity). With the 0.05% loyalty bonus on rollover, this increases to 5.50% p.a.
Is Judo Bank safe?
Yes — Judo is an APRA-regulated ADI. Deposits up to $250,000 are protected under the Australian Government's Financial Claims Scheme.
What is the minimum deposit?
$1,000 for personal term deposits — one of the lowest minimums among competitive providers.
Information verified 18 May 2026. Confirm rates, fees, and eligibility on Judo Bank's website before applying. This is not financial advice. Deposits protected up to $250,000 under the Financial Claims Scheme.