This was posted 1 year 8 months 5 days ago, and might be an out-dated deal.

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2.00-4.50% p.a. Interest Term Deposit from 3 Months to 5 Years (Paid at Maturity, Minimum Deposit $1,000) @ Judobank

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2.00-4.50% p.a. Interest Term Deposit from 3 Months to 5 Years (Paid at Maturity, Minimum Deposit $1,000) @ Judobank
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interlocal on 29/08/2022 - 12:39 judo.bank (200 clicks)
Last edited 06/09/2022 - 16:10 by 1 other user

Ok, last time this was posted (https://www.ozbargain.com.au/node/712387), max rate was 4.35%, and then in couple of weeks were reverted back to max 4.25%.

Now we have 4.5% maximum:

Term Paid at maturity Paid Monthly Paid Annually
3 Months 2.00% p.a. 1.90% p.a. 2.00% p.a.
6 Months 2.70% p.a. 2.60% p.a. 2.70% p.a.
9 Months 3.00% p.a. 2.90% p.a. 3.00% p.a.
1 Year 3.65% p.a. 3.55% p.a. 3.65% p.a.
2 Years 4.00% p.a. 3.95% p.a. 3.95% p.a.
3 Years 4.30% p.a. 4.20% p.a. 4.25% p.a.
4 Years 4.40% p.a. 4.30% p.a. 4.35% p.a.
5 Years 4.50% p.a. 4.40% p.a. 4.45% p.a.

Steepest increase is 0.4% for 1 year TD.

ADI licence, so deposit safety guaranteed up to $250k by government.

update 06/09/2022: some rates are lower now.
1y dropped 0.05%
3y dropped 0.15%
4y and 5y dropped 0.1%

Financial Term Deposit

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Judo Bank
Judo Bank

closed Comments

  • LittleTicket on 29/08/2022 - 12:57
    +3

    May as well wait until Tuesday next week when rates will jump either 0.25bps or 0.5bps. Will get even sweeter in the short term. Or you can stick it in Ubank, Macquarie, AMP and get better rates over the 3 month term that will move with the market…

    • interlocal on 29/08/2022 - 13:33
      +1

      If you stick with savings, expectation is rate will grow with RBA rate, that is expected to look something like this:
      https://www.asx.com.au/data/trt/ib_expectation_curve_graph.p…
      So geometric average over Aug-22 - Aug-23 looks like 3.18% and best savings rate could be up to 0.5% on top of that, so 3.65% 1-year term deposit looks more or less on par with savings.
      However, if you expect that market is undervaluing rate hikes, then better strategy is to stick with savings.

      Overall, TD rates are including future expected rate hikes, so if you don't think market is wrong, no need to wait next hike.

  • Tleyx on 29/08/2022 - 13:04

    Interest rates likely to increase next week

    • interlocal on 29/08/2022 - 13:17

      I think TD rates include those expectations. They are not based on current rates (we do not have anything near 4% RBA rate at the moment)

  • Drakesy on 29/08/2022 - 13:29

    When it's expected to go up by 0.5% every month or so until the end of the year, these TD rates have a bit of room to grow,
    Many banks are already offering 3.0% in their daily savings accounts.

  • genes888 on 29/08/2022 - 15:28

    good luck trying to apply for a TD online with Judo & getting response from them… their customer service is horrendous

    • interlocal on 30/08/2022 - 01:58

      I had no issues at all

      • genes888 on 30/08/2022 - 10:05
        +1

        i guess they don't want my business as I have left multiple requests for callbacks for a TD application & yet to have any reply whatsoever. too late now tho as I already invested somewhere else

  • Bab on 29/08/2022 - 15:52
    +1

    Virgin savings rates are much better subject to meeting monthly criteria that can be met without much effort. 3.30% and 3.60% for a locked account (32 days notice required prior to withdrawal).

  • BusMan247 on 30/08/2022 - 02:03
    +1

    Citibank is good went with them for the 4mths. Not much in the way of hoops and things. Let you know how getting money out goes

  • billsa on 31/08/2022 - 16:29
    -1

    1 year ago this would have seemed like a good deal but now with even checking accounts getting above 2.00% p.a. and they will just keep on going up this is a bad deal

  • interlocal on 06/09/2022 - 16:10

    …and they dropped rates again.
    1y dropped 0.05%
    3y dropped 0.15%
    4y and 5y dropped 0.1%

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