Savings account vs term deposit
Judo Bank Personal Savings Account vs term deposit
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Interest over 1 year on $50,000
$2,800
5.60% a year, conditions met
$2,725
5.45% a year · paid at maturity
Over 1 year on $50,000, Judo Bank Personal Savings Account pays $2,800 with its conditions met; Judo Bank's 12-month term deposit pays $2,725.
Worked out on $50,000 until you pick a balance
Judo BankPersonal Savings Account
Judo BankTerm deposit
Figure by figure
Interest over 1 year
on $50,000
$2,800
with its conditions met
+$75 · More interest over the term
$2,725
paid at maturity
Interest over 1 year without meeting the conditions
on $50,000
$25
at the base rate
$2,725
no monthly conditions
Rate over the term
a year, on $50,000
5.60%
with its conditions met
+0.15 · Higher rate over the term
5.45%
fixed for the term
Asked of you each month
- A deposit of at least $300
Nothing
the money stays put
Getting the money out
Any time
no notice needed
Locked for 1 year
31 days’ notice to break it early, usually at a lower rate
Can the rate change?
Yes, at any time
the bank sets it
No
fixed for 1 year
Minimum to open
None
$1,000
up to $2,000,000
Who can open it
Anyone 18 or over
Anyone
How they differ
- A savings rate can change at any time. Judo Bank Personal Savings Account's figure holds today's rate for 1 year.
- A term deposit's rate is fixed for the term, but the money is locked in: breaking it early needs 31 days' notice and usually costs some of the interest.
- Both are covered by the Financial Claims Scheme, up to $250,000 per person at each bank. Money in both at Judo Bank shares that one $250,000.
Judo Bank Personal Term Deposits at every term
The rate the balance above gets at each term, and the interest it pays over that term.
1 monthPaid at maturity2.10%$88
2 monthsPaid at maturity2.30%$192
4 monthsPaid at maturity4.90%$817
5 monthsPaid at maturity4.90%$1,021
7 monthsPaid at maturity4.95%$1,444
8 monthsPaid at maturity4.95%$1,650
9 monthsPaid at maturity5.05%$1,894
10 monthsPaid at maturity5.65%$2,354
11 monthsPaid at maturity5.25%$2,406
1 yearPaid at maturity5.45%$2,725
3 yearsPaid annually5.60%$8,400
4 yearsPaid annually5.65%$11,300
5 yearsPaid annually5.65%$14,125
As of 2 November 2026, over 1 year on $50,000, Judo Bank Personal Savings Account pays $2,800 with its monthly conditions met; Judo Bank's 12-month term deposit pays $2,725 at 5.45%. Figures are the bank's published rates, worked out on the balance above as simple interest. Each row says which figure is higher; it doesn't say which one suits you.