Judo Bank business term deposit
- Interest rate 6 months interest rate
- Up to 5.15% p.a.
- Minimum opening deposit
- $1,000
- Account keeping fee
- $0
Summary
Earn a competitive, fixed interest rate on your business deposit with Judo Bank.
The Judo Bank Business Term Deposit offers a range of term lengths to choose from, between 3 months and 5 years. The minimum opening deposit is just $1,000 and there are no account-keeping or set-up fees to pay.
This product is available to private companies, trusts and incorporated associations.
Pros
-
Judo Bank offers some of the best term deposit rates in the market
-
No account fees
Cons
-
31 days’ advance notice required in case of withdrawing funds before maturity
Details
Key details
| Product Name | Judo Bank Business Term Deposit |
| 3 month interest rate | 5.00% |
| 6 month interest rate | 5.15% |
| 9 month interest rate | 5.05% |
| 12 month interest rate | 5.00% |
| 24 month interest rate | 4.75% |
| 36 month interest rate | 4.65% |
| 48 month interest rate | 4.50% |
| 60 month interest rate | 4.50% |
| Minimum Opening Deposit | $1,000 |
| Minimum age requirement | 18 |
| Government guarantee | Yes |
Eligibility
| Minimum Age Requirement | 18 |
| Min Deposit | $1,000 |
| Available to children | Not available for children |
Congratulations, Judo!
Judo Bank 12-month term deposit won the award for 'Term Deposit (12 month)' in the 2024 Banking Product Awards.
Full list of 2024 winnersLaunch term deposit calculator
Compare other business term deposit accounts
Your reviews
Alison Finder
Editor
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Richard Whitten Finder
November 18, 2024
Hello Anja,
From Judo Bank’s website “Judo Bank’s Business Term Deposits are available for private companies, trusts with individual trustee(s) and incorporated associations.” Is your P&C association incorporated? If so it should be eligible.
Alka
October 05, 2023
Can I set up a term deposit for a family trust with a corporate trustee, if so, how can I go about setting it up? Also, will it be eligible for the Australian Government guarantee? Thanks
Shubham Pandey Finder
October 23, 2023
Hi Alka,
Thankyou for your question.
Yes, you can set up a term deposit for a family trust with a corporate trustee through Judo Bank. To set it up, you would need to follow the steps mentioned in the above guide.
As for eligibility for the Australian Government guarantee, business term deposits with Judo Bank are typically covered by the Financial Claims Scheme. This means that in the unlikely event that something were to happen to Judo Bank, your deposit up to $250,000 is protected. This coverage should extend to term deposits held in the name of a family trust with a corporate trustee, but it’s always a good idea to double-check with Judo Bank to ensure your specific trust structure qualifies for the guarantee.
I hope this helps.
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Janetta
April 20, 2023
do you invest cash for superannuation funds
Alison Banney Finder
April 21, 2023
Hi Janetta, this account is for businesses only, however Judo Bank does offer a separate SMSF Term Deposit for SMSF customers.
Anja
November 14, 2024
Can I set up this account for a school’s P&C association?