Judo Bank vs ANZ Term Deposits

By Peter Terlato · · 3 min read
Fact Checked
juodbank vs anz

When you're looking to grow a lump sum with confidence, your choice of institution and term matters. This comparison explores how a nimble, customer-focused provider, Judo Bank, measures up against the established might of ANZ . From flexibility in term lengths and low minimum deposits to loyalty bonuses and withdrawal terms, here's what you need to know to decide which term deposit could best suit your savings style.

Side-by-side: Judo versus ANZ snapshot

The following table provides a direct comparison of the key features of the Judo Bank Personal Term Deposit and the ANZ Advance Notice Term Deposit, allowing you to see how each product's features stack up against one another.

Feature Judo Bank Personal Term Deposit ANZ Advance Notice Term Deposit
Highest rate available
4.40% for 5 months
3.80% for 8 months
Minimum deposit
$1,000
$5,000
Maximum deposit
$2,000,000 (for higher amounts you must contact the bank)
$4,999,999 (for higher amounts you must contact the bank)
Notice period for early withdrawal
31 days
31 days
Early withdrawal cost
Prepayment cost (interest reduction) applies.
Administration fee and interest reduction apply.
Interest payment frequency
At maturity, or monthly, or annually.
At maturity, or monthly, quarterly, half-yearly, or annually.
Term durations
You can choose a term from one month up to five years.
You can choose a term from one week up to five years.
Loyalty bonus
0.05% p.a. when you roll over your entire term deposit.
No.
What happens at maturity?
A 10-calendar-day grace period is provided. If no instructions are given, the funds automatically roll over into a new term of the same length at the prevailing rate. You can also add funds to your principal during this period.
A 7-calendar-day grace period is provided.  If no instructions are given, the funds automatically roll over into a new term of the same length at the prevailing rate. You can choose to increase the balance of the term deposit during this time.
Government guarantee
Deposits up to $250,000 per account holder are protected by the Australian Government's Financial Claims Scheme.
Deposits up to $250,000 per account holder are protected by the Australian Government's Financial Claims Scheme.

What else to know?

  • How to apply. Both banks offer online applications. For a Judo Bank Personal Term Deposit, you can apply directly as a new customer with identification documents and a nominated Australian bank account. For the ANZ Advance Notice Term Deposit, new customers must first open a linked ANZ everyday or savings account. Existing ANZ customers can apply through their online banking.
  • No additional deposits. A key characteristic of most term deposits is that you cannot add more funds once the term has started. To add to your savings, you would need to open a separate term deposit or wait until the current one matures.

Judo Bank vs ANZ: term deposit verdict

Both products are designed for savers who are comfortable with locking away their funds for a set period. The choice between them comes down to your individual circumstances and saving habits.

If you're starting with a smaller deposit ($1,000 minimum) and are interested in earning a loyalty bonus for reinvesting your savings, Judo Bank may be a good choice.

If you have a larger sum to deposit ($5,000 minimum) and prefer a big, well-established bank with a wide range of interest payment frequencies, then ANZ may be for you.

It's important to remember that rates and terms are subject to change. Always check the official bank websites or product disclosure statements for the most current information before making a decision.

Note: The information in this article is correct as at 17 September, 2025.