Update all your maturity instructions including adding top-up amount through Internet Banking before the current Term Deposit rolls over
Log in to your Internet Banking and click the My accounts option on the left-hand side menu. If you want to add a top-up amount to a deposit, then from the list of Term Deposit accounts, pick the deposit you wish to add a top-up amount before it rolls over, and click on the Maturity instructions option of that deposit.
Next, click the Update Maturity Instructions green button on the lower right-hand side of the screen.
You are now in the maturity instructions screen and can update the maturity instructions as you require by clicking on the What should we do at maturity box.
This drop-down box will show three options you will be able to select from; Rollover my balance including any interest into a new TD, Get my interest back and rollover the same amount into a new TD, and Get my money and interest back.
If you wish to roll over the principal and interest, you do not need to add a nominated account and can proceed to Step 5. However, if you wish to pay any money out, you need to select the appropriate option from the What Should we do at Maturity drop-down box and then you will be prompted to select from the Payout Account (nominated account) drop-down box the account you wish to pay the money out to. In this case, please proceed directly to Step 9 and click the Save button.
If you wish to roll over the principal and interest, you will need to make sure to complete the two questions below the What should we do at maturity drop-down box, which are outlined in Steps 6 and 7.
First, you will need to indicate whether you wish to add any funds to the Term Deposit at rollover. If yes, please specify the amount you would like to add.
Next, you will have to choose whether you will want to deposit the amount for the same time as previously indicated when you opened this specific Term Deposit, or if you would like to choose a different term. If you wish to choose a different term to deposit your funds, a box will pop up for you to select a new term.
Once you click on the drop-down box How long do you want to deposit your money this time, you will be able to select your preferred term. Options from 3 months to 5 years will be available to select from. Refer to the Judo Bank Term Deposit website for current rates.
Once you have chosen your maturity outcome and linked a nominated account (if required), simply hit the Save button and your changes will be saved.
Updating your Term Deposit maturity instructions including depositing more funds at maturity
If you have not updated your maturity instructions your account will currently be set to roll over into a new Term Deposit at maturity. If you are comfortable letting your deposit roll over into a new Term Deposit for the same term, then no action is required. However, if you would like to change these maturity instructions, including topping up your deposit or paying out some or all of your deposit, please update your maturity instructions prior to the date of maturity by logging in to your Internet Banking. For a step-by-step guide please click the link below.
Updating your Term Deposit nominated bank account
If you have not updated your Term Deposit with a nominated bank account (the external bank account your payments are directed to) or the details for your nominated bank account are incomplete, please log in to your Internet Banking and update your nominated account details.
Unfortunately, we cannot pay out any money from your Judo Term Deposit until we have the details confirmed for your nominated account. If you are unable to update your nominated account details prior to your next payout date, any funds due to be paid out will roll into your Term Deposit or will be rolled into a new Term Deposit if the payment is due to occur at maturity.
For a step-by-step guide please click the link below.
Updating your Tax File Number
If your Judo Bank Term Deposit is due to mature soon and you have not confirmed your Tax File Number, withholding tax will be deducted from the gross amount of interest paid to you. To avoid being charged withholding tax, please update your tax details by logging in to your Internet Banking and selecting the My details option on the left-hand side menu. Please note, you need to update your details prior to your Term Deposit maturing to avoid being charged withholding tax.