Judo Bank Term Deposit Rates: The Full Table and Why It’s Shaped This Way

Most pages listing Judo Bank term deposit rates just paste the table and stop. That leaves out why the curve looks strange, whether your money is actually protected, and how to squeeze out an extra bit of interest. Here’s the full picture.

Quick Answer: Judo Bank Term Deposit Rates

Judo Bank’s term deposit rates run from 2.10% p.a. on a 1-month term up to 5.50% p.a. on 4-year and 5-year terms, as at 7 August 2026. The jump isn’t smooth. Short terms under 3 months pay noticeably less, most mid-length terms sit around 4.95% to 5.05%, and 1-year through 5-year terms range from 5.35% to 5.50%. Judo Bank also pays a 0.05% p.a. loyalty bonus if you roll your full balance into a new term at maturity.

The Full Table of Judo Bank Term Deposit Rates

• Short terms pay the least. So, a 1-month term earns 2.10% p.a., and a 2-month term earns 2.30% p.a.
• Rates jump sharply at 3 months. In fact, a 3-month term earns 4.95% p.a., roughly double the 2-month rate.
• Mid-length terms mostly hover in a tight band. Specifically, terms of 4, 5, 6, 8, and 9 months all sit between 4.85% and 4.95% p.a.
• There’s a brief spike at 7 months. That term pays 5.45% p.a., noticeably higher than the terms either side of it.
• After that, 10 and 11 months step up again. These pay 5.05% and 5.25% p.a. respectively, leading into the 1-year rate.
• Finally, 1 year through 5 years form the top tier. A 1-year term pays 5.35%, 2 and 3-year terms pay 5.40%, and 4 and 5-year terms pay the top rate of 5.50% p.a.

Why the Judo Bank Term Deposit Rates Curve Isn’t a Straight Line

• Banks price each term based on what they expect to pay for funding over that period. So, short terms often price lower because the bank has more flexibility to adjust rates soon after.
• Promotional spikes, like the 7-month rate, usually reflect a specific funding need. For example, a bank might want more deposits locked in for exactly that length of time, so it offers a temporarily better rate to attract them.
• Longer terms generally pay more to reward you for locking your money away. After all, you give up access to your funds for years, so the bank pays a premium for that certainty.
• This kind of curve isn’t unique to Judo Bank. Overall, most banks show some bumps and dips across their term range, though the size of the jumps varies.

Is Your Money Actually Protected?

• Judo Bank is an authorised deposit-taking institution, so it’s covered by the Financial Claims Scheme. This is the Australian government’s deposit guarantee.
• The guarantee protects up to $250,000 per account holder, per institution. So, that covers the vast majority of personal term deposits outright.
• This protection applies the same way it would at any major bank. In fact, being a newer or smaller bank doesn’t reduce your coverage under the scheme.
• If you’re depositing well above $250,000, spreading funds across separate institutions keeps the full amount covered. Otherwise, anything above that threshold sits outside the guarantee.

Don’t Trust Every Comparison Table Blindly

• Comparison sites don’t always update as fast as the bank itself. For instance, one major comparison site openly noted refreshing its Judo Bank figures from a stale, months-old rate.
• The bank’s own rate page is the most reliable source at any given moment. However, comparison sites are useful for shopping around, so treat the bank’s page as the final word before you commit.
• Rates can change with little notice. So, confirm the current rate on the day you actually open the term deposit, not just the day you first researched it.
• This applies to every bank, not just Judo. Overall, term deposit rates across the market move with the cash rate and each bank’s own funding needs.

The Loyalty Bonus Most People Miss

• Judo Bank pays an extra 0.05% p.a. if you roll your full balance into a new term at maturity. That’s on top of whatever the standard rate is for your new term.
• You have to roll over the entire deposit to qualify. So, splitting your balance or withdrawing part of it at maturity means missing out on the bonus.
• 0.05% sounds small, but it adds up on larger balances over multiple rollovers. Overall, it’s a simple way to earn slightly more without shopping around for a new bank each time.
• Check the current bonus terms before you roll over. Therefore, loyalty bonus rates and conditions can change, so confirm the details apply the same way at your renewal date.

For related reading, see our guides to Bendigo Bank Term Deposit Rates: The Full Table (2026) and St George Term Deposit Rates: The Full Table, Verified Against Three Conflicting Sources.

FAQ: Judo Bank Term Deposit Rates

What is Judo Bank’s highest term deposit rate?
5.50% p.a., available on both 4-year and 5-year terms as at 7 August 2026.

Why is Judo Bank’s 1-month rate so much lower than its 3-month rate?
Banks price each term based on their own funding needs. Short terms often pay less because the bank has more flexibility to adjust rates soon, while a jump like the one from 2 to 3 months usually reflects a specific push for that length of deposit.

Is my money safe with Judo Bank?
Yes. Judo Bank is covered by the Financial Claims Scheme, the Australian government’s deposit guarantee, protecting up to $250,000 per account holder, per institution, the same way it does at any major bank.

Does Judo Bank offer a loyalty bonus?
Yes. You earn an extra 0.05% p.a. if you roll your entire term deposit balance into a new term at maturity, on top of the standard rate for that term.

Are comparison site rate tables always accurate?
Not always. Comparison sites can lag behind the bank’s own updates by weeks, so check Judo Bank’s own rate page on the day you plan to open your term deposit.

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