Judo Bank, Australia’s first challenger bank dedicated to small and medium sized enterprises (SMEs), has partnered with global financial technology provider GBST to improve online customer engagement and drive new applications with an interactive comparison calculator.

The Judo Bank calculator built by GBST’s Digital team compares their term deposit product with other providers, showing potential customers how much more they can earn with Judo Bank.

There’s a sense of déjà vu in LinkedIn’s Top Startups 2020 list, with neobanks again dominating the top 10 ranking. Having taken the crown from Canva last year, Judo Bank remains in the number one spot for 2020, while Volt Bank jumps up from third place to second. Fellow neobank Xinja slipped a few places from fifth in 2019 to seventh this year. But, some of the other businesses making an appearance this year reflect broader COVID-19 tech trends and resilience.

Judo Bank has boosted interest rates across a range of its term deposits, going against current market trends.

Judo, one of Australia's newest banks, increased various term deposit rates by up to 8 basis points this week, including the rate of its one-year personal term deposit which now has an interest rate of 1.38% p.a.

However, Judo also cut various other rates by up to 10 basis points, such as the five year personal term deposit which fell from 1.50% p.a. to 1.40% p.a.

These changes come at a time when more than 30 different banks have slashed term deposit rates during August, some by as much as 90 basis points.