Stay alert to scams: numbers of online scammers posing as trusted financial institutions are rising. The only place you can apply for a Judo Bank Term Deposit is via our official website using the below codes.
- BSB 725-888
- BPAY Biller Code 274753
If you’ve been asked to deposit money to account details that don’t match up with these or received an email or call advertising special rates or asking you to apply, contact our team immediately on 13 58 36 or at fraud@judo.bank.
Do not reply to or click on any links in a suspicious email or SMS. Remember, Judo Bank will never send you an email or SMS asking for your personal or banking information. For more information click here
Award-Winning Term Deposit
As at 30 June 2022, Judo’s deposit customers have invested over $4.1 billion in our term deposits, providing valuable funding that supports Australian SMEs. We are proud to have continued to receive industry recognition, winning the ‘Bank of the Year 2022 – Term Deposits Award’ from Canstar, ‘Experts Choice 2022 for Term Deposits’ from Mozo and the ‘2022 Gold Award Winner’ from RateCity.
Business Term Deposit rates
Business
Term Deposit
| Term | Interest Paid at Maturity | Interest Paid Monthly | Interest Paid Annually |
|---|---|---|---|
| 3 Months | 4.35% p.a. | 4.25% p.a. | |
| 6 Months | 4.65% p.a. | 4.55% p.a. | |
| 9 Months | 4.75% p.a. | 4.65% p.a. | |
| 1 Year | 4.80% p.a. | 4.70% p.a. | 4.80% p.a. |
| 2 Years | 4.75% p.a. | 4.65% p.a. | 4.70% p.a. |
| 3 Years | 4.85% p.a. | 4.75% p.a. | 4.80% p.a. |
| 4 Years | 4.75% p.a. | 4.65% p.a. | 4.70% p.a. |
| 5 Years | 4.85% p.a. | 4.75% p.a. | 4.80% p.a. |
| Term | |
| 3 Months | 4.35% p.a. |
| 6 Months | 4.65% p.a. |
| 9 Months | 4.75% p.a. |
| 1 Year | 4.80% p.a. |
| 2 Years | 4.75% p.a. |
| 3 Years | 4.85% p.a. |
| 4 Years | 4.75% p.a. |
| 5 Years | 4.85% p.a. |
| Term | |
| 3 Months | 4.25% p.a. |
| 6 Months | 4.55% p.a. |
| 9 Months | 4.65% p.a. |
| 1 Year | 4.70% p.a. |
| 2 Years | 4.65% p.a. |
| 3 Years | 4.75% p.a. |
| 4 Years | 4.65% p.a. |
| 5 Years | 4.75% p.a. |
| Term | |
| 3 Months | |
| 6 Months | |
| 9 Months | |
| 1 Year | 4.80% p.a. |
| 2 Years | 4.70% p.a. |
| 3 Years | 4.80% p.a. |
| 4 Years | 4.70% p.a. |
| 5 Years | 4.80% p.a. |
Business Term Deposit Requirements
Private Company
- Provide an ABN or ACN
- Maximum number of directors is 9
- Shareholders must be individuals
- The company and all directors and shareholders must be Australian resident for tax purposes. We cannot accept applications from foreign tax residents.
Trust
- Provide an ABN (you cannot apply without one)
- Provide a certified copy of your trust deed and any amendments
- Each trustee must be an Australian tax resident individual
- Maximum number of trustees is 6
Incorporated Association
- Provide an ABN and incorporation registration number (you cannot apply without them)
- Provide a copy of your Incorporation Certification
- Chairman, Secretary and Treasurer will need to verify their identity
General requirements
All Related Persons require the following in order to apply:
- a minimum of two of the following three identification documents – Australian Driver’s Licence, Passport and Medicare Card.
- their mobile number and email address for verification and correspondence purposes (each individual requires a unique email address).
- they must be over 18 years of age and not under a legal disability or a disqualified person.
- they must be an Australian resident for tax purposes.
- they must be living at an Australian residential address.
Reasons to invest with Judo Bank
FCS
Under the Financial Claims Scheme, deposits are protected up to a limit of $250,000 for each account holder at Judo Bank.
Flexibility
Manage your cashflow better with three attractive interest payment frequencies – monthly, yearly or at maturity.
0%
The amount of your deposit and interest that is sacrificed to fees.
Ease
If you’ve got your required identification (which may include an ABN or ACN), you could be depositing funds (and earning interest) in no time.
Frequently Asked Questions
Q: I’ve already got a Judo Bank Loan product, why do I need to provide all my details again when applying for an online Business Term Deposit?
As part of our regulatory obligations, we need to collect and verify your information when you apply for new products with Judo. All of the information we require will be outlined through the online application process, however, if you need help, you can contact us by calling 13 JUDO (13 58 36) or sending an email to customers@judo.bank
Q: Can my relationship banker set up and manage my term deposit for me?
No, our Business Term Deposit products have been developed as simple, no fuss, online products so they can’t be managed by your relationship banker on your behalf. We’ve built our Term Deposits with the aim of providing an easily self-managed experience and, importantly, a market-leading rate. Unlike other products, deposit products are relatively simple - no detailed credit assessment is required, and the business information required generally relates to verifying the business’ identity and status (including tax residency status).
Q: What happens when I apply for a Business Term Deposit online?
All of the information you will need to complete your application for your business is outlined before you start your application. Please have it handy in order to make the application process easier for you. Once you have completed the application, we will undertake all the checks required to verify information about the business and the parties related to the application. If we need any other information, we’ll be back in touch with you to let you know. Please note, that we may, at our sole discretion, decline to accept any person as an Account Holder of Judo Bank. For example, if we are unable to verify your identity or that of any related person (such as an authorised representative of, or intermediary for, the business) then we may not be able to open an account for your business. If your application is approved and your account is opened, you will receive an email and SMS confirming all the details you will need to be able to fund your new Business Term Deposit account.
Q: How do I make changes to my online Business Term Deposit account information if any of my business details or related persons change?
If your business undergoes a change, you will need to notify us by calling 13 JUDO (13 58 36) or sending an email to customers@judo.bank so that we can remove, replace or add any other related persons or amend any of your business details. We may need some supporting documentation related to the change in order to process your request (for example, if we need to identity verify any new related person as required by law).
Q: Can my relationship banker see what online Business Term Deposit(s) I hold, what interest I’ve earned, and when my online Business Term Deposit(s) mature?
No, our online Business Term Deposit products have been developed as simple, no-fuss, online products, so they cannot be viewed or managed by your relationship banker on your behalf. We have built our online Business Term Deposits in order to provide an easily self-managed experience and, importantly, a market-leading rate. Via our web-based Internet Banking platform, online Business Term Deposit account holders can see what interest applies to their account and when the term deposit matures.
Q: What happens when my online Business Term Deposit is nearing maturity?
All information about a maturing Term Deposit account, including the opening date and maturity date, can be found in your Internet Banking profile by navigating to My Account > Maturity instructions (on the right). We will also send you a couple of reminders via email before your online Business Term Deposit matures. Note that you will need to let us know what you would like to do with your funds before maturity, otherwise, your maturity instructions will default to reinvestment of the entire account balance as at the maturity date into a new online Business Term Deposit, subject to the 10-calendar day grace period that begins on the maturity date (during which time you can still choose to withdraw, top up, change terms or transfer the funds in your account without incurring any penalties).
Q: Why do I need to provide details of certain related persons associated with my business?
As part of our regulatory obligations, we need to be able to identify and verify certain related persons associated with your business. As part of your online Business Term Deposit application, you’ll be asked to provide a unique email address and, preferably, a unique Australian mobile phone number for each related person. Both email addresses and both mobile phone numbers will be verified as part of the application process.
Q: What happens if I’ve provided incorrect details on the application?
You may start a new application using the same login details you created when you initially applied. If you need any help, please contact us by calling 13 JUDO (13 58 36).
Q: What happens if my online Business Term Deposit application was unsuccessful?
If we have been unsuccessful in verifying the information you have provided related to your business, we will contact you.