Term deposits · Side by side

ING vs Judo Bank

Each bank at its highest rate for your choices, whichever of its deposits that is.

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Interest on $50,000 for 1 year
$2,650
5.30% a year · paid at maturity
$2,775
5.55% a year · paid at maturity

Judo Bank pays $125 more over 1 year than ING.

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$50,000 until you say otherwise. Interest at each bank's rate for that amount, simple interest over the term. The government guarantee (the Financial Claims Scheme) covers up to $250,000 per person at each bank.

INGING
Judo BankJudo Bank
The deposit behind the figures
Personal Term Deposits
1 year · interest paid at maturity
Personal Term Deposits
1 year · interest paid at maturity
Interest rate
a year, on $50,000
5.30%
5.55%
0.25 points higher · Higher rate
Interest over the term
on $50,000 for 1 year
$2,650
$2,775
$125 more · More interest
How interest can be paid
at 1 year
At maturity
Monthly or at maturity
Who gets the rate
Anyone opening one
Anyone opening one
Deposit amounts
this deposit, every band
$10,000–$5,000,000
$1,000–$2,000,000
Breaking it early
Not described in the bank’s data. Usually 31 days’ notice, at a lower rate.
Not described in the bank’s data. Usually 31 days’ notice, at a lower rate.
Terms offered
3 months to 2 years
1 month to 5 years

Every term

The highest rate each side has at each term on $50,000, with the interest it pays.

3 months
5.05%
$631
0.15 points higher · Higher rate, 3 months
4.90%
$613
6 months
5.20%
$1,300
0.25 points higher · Higher rate, 6 months
4.95%
$1,238
9 months
5.10%
$1,912
0.05 points higher · Higher rate, 9 months
5.05%
$1,894
1 year
5.30%
$2,650
5.55%
$2,775
0.25 points higher · Higher rate, 1 year
2 years
5.25%
$5,250
5.55%
$5,550
0.30 points higher · Higher rate, 2 years
3 years
—
Not offered
5.55%
$8,325
4 years
—
Not offered
5.60%
$11,200
5 years
—
Not offered
5.60%
$14,000

Rates over time

The 1 year rate above, a cell a week. A move shows as ▲ or ▼ in the week it happened.

As of 26 October 2026, on $50,000 for 1 year, ING pays $2,650 at 5.30%; Judo Bank pays $2,775 at 5.55%. Rates are the banks' own, published through Open Banking, at the amount above. Each row says which figure is higher; it doesn't say which deposit suits you.

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