Business Term Deposit
p.a.
Your money is secure with Judo Bank
Judo Bank is an authorised deposit-taking institution covered under the Government's Financial Claims Scheme.
Deposits with Judo Bank are covered up to a limit of $250,000 for each account holder. Under the Scheme, an account holder includes the trustee(s) of a trust or an incorporated association.
Our digital experience is secure and user-friendly with a fast application process and simple digital account management.
About our Business Term Deposits
Judo Bank is Australia’s only challenger bank purpose-built for small and medium businesses (SMEs). Our Business Term Deposit is for businesses looking to make their surplus funds work harder while contributing to the support of SMEs across the country.
Judo Bank’s Business Term Deposits are available for private companies, trusts with individual trustee(s) and incorporated associations. You can apply online for a streamlined application process.
By choosing Judo Bank's Business Term Deposit, you can take advantage of competitive market rates and flexible terms, all backed by the Government's Financial Claims Scheme.
Business Term Deposit rates
| Term | Interest Paid at Maturity | Interest Paid Monthly | Interest Paid Annually |
|---|---|---|---|
| 3 Months | 4.55% p.a. | 4.45% p.a. | |
| 6 Months | 4.60% p.a. | 4.50% p.a. | |
| 9 Months | 4.45% p.a. | 4.35% p.a. | |
| 1 Year | 4.30% p.a. | 4.20% p.a. | |
| 2 Years | 4.15% p.a. | 4.25% p.a. | |
| 3 Years | 4.15% p.a. | 4.25% p.a. | |
| 4 Years | 4.20% p.a. | 4.30% p.a. | |
| 5 Years | 4.25% p.a. | 4.35% p.a. |
| Term | |
| 3 Months | 4.55% p.a. |
| 6 Months | 4.60% p.a. |
| 9 Months | 4.45% p.a. |
| 1 Year | 4.30% p.a. |
| 2 Years | |
| 3 Years | |
| 4 Years | |
| 5 Years |
| Term | |
| 3 Months | 4.45% p.a. |
| 6 Months | 4.50% p.a. |
| 9 Months | 4.35% p.a. |
| 1 Year | 4.20% p.a. |
| 2 Years | 4.15% p.a. |
| 3 Years | 4.15% p.a. |
| 4 Years | 4.20% p.a. |
| 5 Years | 4.25% p.a. |
| Term | |
| 3 Months | |
| 6 Months | |
| 9 Months | |
| 1 Year | |
| 2 Years | 4.25% p.a. |
| 3 Years | 4.25% p.a. |
| 4 Years | 4.30% p.a. |
| 5 Years | 4.35% p.a. |
Features and benefits
Our Business Term Deposits have been designed for organisations looking to get a great return on their investment.
Digital Application
Apply for and manage your Term Deposit using our simple and secure digital experience.
Backing Australian SMEs
Aussie businesses are the backbone of the Australian economy and Judo is boldly backing business.
Flexibility
Better cashflow management with interest payments that suit you: monthly, yearly, or at maturity. Choose from terms of 3 months up to 5 years.
Your money is put to good use
With no application or monthly account fees, all your savings get put to good use, provided you hold your Term Deposit until maturity.
Business Term Deposit Requirements
Only the following businesses are eligible to apply online:
Private Company
- Provide an ABN
- Maximum number of directors is 9
- Shareholders must be individuals
- The company and all directors and shareholders must be Australian tax residents. We cannot accept applications from foreign tax residents
Trust with individual trustee(s)
- 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. We cannot accept applications from foreign tax residents
- 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 associated with the business (eg director, trustee or officeholder) will need to:
Identification
Provide any TWO of the following documents: Current Australian driver’s licence, current Australian passport, or current Medicare card.
Australian resident
Be Australian tax residents and reside permanently in Australia living at an Australian residential address. We cannot accept applications from foreign tax residents. Be over the age of 18.
Mobile phone number and email
Provide an Australian mobile phone number and email address for verification and correspondence purposes (each individual requires a unique email address and phone number).
Frequently asked questions
To apply for a Business Term Deposit, what type of documentation do I need to upload for verification?
- For Trusts with individual trustee(s): we require an ABN and a certified copy of the trust deed.
- For Incorporated Associations (IA): we require an ABN and a certificate of Incorporation provided by the specific state or territory where the IA was registered or an incorporation registration number.
- For Private Companies: You will need your ABN. Maximum number of directors is nine. All shareholders must be individuals. The company and all directors and shareholders must be Australian tax residents. We cannot accept applications from foreign tax residents.
- Related persons associated with the business will also need to be identity verified by providing a minimum of two of the following: Australian Driver’s Licence, Passport and Medicare Card. For an IA that means the Chairman, Secretary and Treasurer will be required to verify their identity.
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.
How do I fund my Term Deposit?
To fund your Judo Bank Term Deposit, you have two options to choose from:
1 - Perform a ‘Pay Anyone’ via your existing bank account to Judo Bank using BSB 725-888 and your Judo Bank Account Number. Please keep in mind that ‘Pay Anyone’ transfers take 1-2 business days to be available in your Term Deposit.
OR
2 - Perform a BPAY to Judo Bank using Biller Code 274753 and using your Judo Bank Account Number as the Biller Reference Code. You can transfer up to $500,000 per day via BPAY (subject to the daily BPAY limit applicable to the account you are transferring from). Please keep in mind that ‘BPAY’ transactions take 3-5 business days to be available in your Term Deposit.
Can my relationship banker set up and manage my online Business Term Deposit for me?
No, our online 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 online 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).
What happens if my online Business Term Deposit application was unsuccessful?
If you’re application is unsuccessful, we’ll touch base with you via email to advise that we have been unable to open the account for you.
