Term deposits · Side by side

Judo Bank vs Macquarie

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
$2,775
5.55% a year · paid at maturity
$2,675
5.35% a year · paid at maturity

Judo Bank pays $100 more over 1 year than Macquarie.

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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.

Judo BankJudo Bank
MacquarieMacquarie
The deposit behind the figures
Personal Term Deposits
1 year · interest paid at maturity
Digital Term Deposit
1 year · interest paid at maturity
Interest rate
a year, on $50,000
5.55%
0.20 points higher · Higher rate
5.35%
Interest over the term
on $50,000 for 1 year
$2,775
$100 more · More interest
$2,675
How interest can be paid
at 1 year
Monthly or at maturity
At maturity
Who gets the rate
Anyone opening one
Anyone opening one
Deposit amounts
this deposit, every band
$1,000–$2,000,000
$25,000 or more
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
1 month to 5 years
3 months to 1 year

Every term

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

3 months
4.90%
$613
5.05%
$631
0.15 points higher · Higher rate, 3 months
6 months
4.95%
$1,238
5.20%
$1,300
0.25 points higher · Higher rate, 6 months
9 months
5.05%
$1,894
5.25%
$1,969
0.20 points higher · Higher rate, 9 months
1 year
5.55%
$2,775
0.20 points higher · Higher rate, 1 year
5.35%
$2,675
2 years
5.55%
$5,550
—
Not offered
3 years
5.55%
$8,325
—
Not offered
4 years
5.60%
$11,200
—
Not offered
5 years
5.60%
$14,000
—
Not offered

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, Judo Bank pays $2,775 at 5.55%; Macquarie pays $2,675 at 5.35%. 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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