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Judo Bank

Judo Bank

 Verified🏆 2026www.judo.bankABN: 11615995581
Judo Bank
4.8

2,397 reviews

Positive vs Negative
96%4%
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Customer Service
4.6

 AI reviews summary 

2,397 reviews
5 Ryan  · Simple and easy to set up and not one of the Big banks.
5 Elaine  · Term Deposits with Judo Bank pay competitive rates; the application process is straight forward. The investment is Government guaranteed.
5 andrew  · Great service only bank to offer delayed interest payments beyond 1 year
5 Andrea  · This is exactly why I returned to my usual credit union. Not IT savvy enough to do a video on line. I was an older client.
5 James  · Competitive investment rates, ease of reinvestment, things are great working with Judo.
5 JOR  · Good rate and a very simple procedure. Clear and accurate documentation.
Neecy
NeecyNSW2 posts
  Fair Incentive Verified

Prompt service, advance warning of maturity date, time to compare interest rates, ease of online options and loyalty bonus and confirmation via email of banking. I have been with Judo for many years and found Judo reliable with good customer service. Show details

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Boomer64
Boomer64VIC5 posts
  Fair Incentive Verified

I have held Term Deposits with Judo Bank for several years and have been very comfortable with the ease of use on the website. Whenever I present with an issue, customer service is prompt, friendly and always able to help with a positive outcome. Very happy and satisfied Judo Bank customer.

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Disappointed
Disappointed99 posts
  Verified

I have been denied access to my account today. Is this legal? I logged into my account today - completed the 2 step verification and instead of opening at my account I got a screen which stated "We have introduced a new savings goal feature to our Judo Bank Personal Savings Account. Please take a moment to accept the new Digital Terms and… Read more

Conditions, ALSO available at .. and a link to a website was provided. I am not sure what ALSO available means. There was no detail on the screen I was on.

I was then required to ACCEPT OR DECLINE the conditions. That was the total information provided on the screen. There was no detail of the new savings goal feature, or the changes. The link took me to an 30 page tiny font document. There were no details of what the changes were, or the new savings goal feature. How can I or anyone ACCEPT conditions without reading them or know what has changed? What would happen to my account if I DECLINED? So I just closed down. What option did I have?

So I have been denied access to my account. Effectively Judo Bank is forcing me to instantly agree to what I do not know, to be able to access my account. How is this legal? I telephoned Judo bank. The male could not tell me what the changes to the terms and conditions were, or where I could find this. The male could not tell me where on the website I could read about the new feature for the Judo Bank Personal Savings Account. The male could not help me access my account without immediately accepting or declining the unkonw conditions. The male could lodge a complaint for me and someone will respond some time. In the mean time I have no access to my bank account or money. A weekend is coming up. Unless I give in to the coercive option and accept what I do not know.

Disappointed
Disappointed   

An hour after the above. I have just had a 17 minute conversation with a female at Judo Bank. I… Read more (+2 replies)

Reviews with attachments

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Carmen A.
Carmen A.WA
  Verified

Reliable, Secure, and Competitive Rates I have been a customer of Judo Bank for many years and continue to stay with them because of the consistently high rates they offer. Their services are straightforward, easy to deal with, and I’ve always found the platform secure and reliable. The customer service has been professional and responsive… Read more

whenever I’ve needed assistance. Overall, Judo Bank stands out for combining competitive returns with peace of mind, which makes them a trusted choice for long‑term banking.

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David Thelander
David ThelanderQLD3 posts
  Verified

Judo Bank is a professional Bank that will cater for all your retirement needs. I won't look back! Show details

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Beware
BewareQLD2 posts
 

Beware, Judo Bank are very sneaky with their loyalty bonus on the term deposit. Firstly you have to hold a term deposit, then reinvest it 2 times for the loyalty bonus to be honoured. They include the loyalty rate in the calculations for the first reinvestment period, but it's only paid if you reinvest it again (thereby locking in your "loyalty").… Read more

Also, their website sates that their loyalty bonus is 0.05, but term and conditions on the website has it as 0.1 (page 9 of version 4 - 9 April 2025). Sneaky operators

Judo Bank
Judo Bank    

Thank you for taking the time to share your feedback. … Read more (+1 reply)

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sam b.
sam b.
  Verified

Very rewarding experience – Fantastic interest rates and loyalty program. Easy to roll over

Latest follow-ups

Judith
JudithNew South Wales
  Verified

Interest rates are very good and I was able to talk to someone when I needed to. Show details

 Follow-up  · Application process very easy. Online banking easy. App easy to use. No fees.

Madeleine
Madeleine3 posts
  Verified

A simple and smart way to invest – I have had term deposit investments with Judo for a while and find them excellent. The application process is straightforward and their staff are easy to contact by phone if necessary. Importantly, they provide significantly better interest rates than the big banks Show details

 Follow-up  · I'm more than happy with Judo. The set-up is simple and the communication is good. I continue to be impressed and, since my original review, have set up two more TDs with Judo.

Anthea
AntheaTasmania
  Verified

Best interest bank – Been with you a few years,intend staying as Ive always had a great experience

 Follow-up  · Great interest rates, will be adding my daughter to my accounts, so as to she will carry on investing with judo.

Positive reviews

johanna
johannaNSW6 posts
  Verified

Highly recommend Judo Bank for term deposits. The loyalty bonus is a stroke of genius. Got me in! Staff are very helpful and friendly. And I appreciate getting plenty of notice to let me know a T/D is due to expire.

jenikiwi
jenikiwi8 posts
  Verified

Was recommended by a customer from the Bank. I took a bit to decide. But very happy I finally did. Info is straight forward and not hard to follow. Questions were answered promptly and simply stated. Only 2 mnths in, so looking forward to reinvest again.

 Follow-up  · At this stage I have only had one correspondence and that is to say the usual follow-up. I am assuming next month I will received info about the account to reinvest. I hesitated in the beginning as so many around. Some promise so much, but knowing someone was a great help that used your Bank for investment.

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Antony
Antony
  Fair Incentive Verified

I have been with Judo for more than two years and found Judo to be reliable with great customer service. Mostly the rates for a term deposit are among the leading contenders for best value.

Negative reviews

BobS
BobSNSW23 posts
 

Whilst these guys seem to offer competetive rates I would srongly advise you to ensure the maturity date of a term deposit account (TDA) does not fall on a non business day. Judo does NOT pay interest over the weekend. I have a TDA which matures shortly on a Saturday. The funds will not be paid out until the following Monday. OK, we are only… Read more

talking about an interest payment of $18.00, however this practice is surely nothing but daylight robbery. I deal with a number of Banks and nobody else has the gall to operate in this manner. Surely Judo has an obligation to ensure that any TDA opened has a maturity date that falls on a day that Judo can effect the paymnet process?

Judo Bank
Judo Bank    

Hi Bob, Thank you for your feedback. We understand… Read more (+3 replies)

Ben
BenVictoria14 posts
 

No in-app signup functionality. Website doesn't work as Salesforce SAML SSO fails, so won't be signing up if they can't get the basic front door technology working, it leaves other technology in doubt. Show details

Judo Bank
Judo Bank    

Hi Ben, We’re sorry to hear about the issues you… Read more

Outbobby
Outbobby3 posts
 

I have been with Judo Bank for 3 years. The monthly interest are always prompt. Although this might suggest a high review score it does not. The system is set up for hackers and scammers to attack clients. There is a reluctance for Judo Bank to… Read more

assist with clients that are subject to criminal activity. How? Simply by not providing an option for clients to get safe throughput of their term deposit. Also, the telephone access is another weakness. Having only one telephone number for contact, it is easy for hackers to transfer calls to a secondary destination. Thus obtaining an illegal contact where all sorts of information can be collected for the hackers to use.

I have a specific experience of these complaints and am currently attempting to ward off a hacker group from stealing my term deposit. How? The hackers control the access to Judo Bank and utilise Judo Bank's reluctance to develop safeguards for clients, thus creating problems for the client to prove they have not received their funds when ending their term deposit. The reality being Judo Bank has become a tacit conspirator of the funds they profess to secure!!

I would suggest looking elsewhere for a term deposit where there is a better interaction between the client and the bank.

 Follow-up  · All I can comment upon are my experiences. My access to Judo Bank has never been satisfactory. This is due to the hackers sitting on my telephone connection. These hackers are able to interfere with phone connection. To circumvent this problem I have attempted contact using a different phone. This only made matters worse! And I was treated as… Read more

Judo Bank
Judo Bank    

Hi Outbobby, Thank you for your business and for taking… Read more (+4 replies)

Recent reviews

John Phillips
John PhillipsWA3 posts
  Verified

The application process is very straightforward and the online app makes it easy to manage deposits. Rates are excellent and payments always arrive on time. Very happy with my experience with Judo Bank over the last 4 years

Kenneth W.
Kenneth W.3 posts
  Verified

always found all set up etc easy to complete. phone help was excellent, I don't know if all your phone staff are easy to understand, but my experience, with the phone contact was excellent, I could understand them. thank you. Show details

MaryR
MaryR5 posts
  Verified

After days of sitting on the phone trying to extract my matured deposit account from Me Bank I decided to look for an alternative. Judo bank not only had good tern deposit rates but they answered the phone promptly and were very helpful during the setting up process. And they will pay the matured amount directly in to my designated account .

veronica
veronicaNSW
  Verified

We found it was hard navigating your system when we logged in, considering we're seniors and not so cluey with technical stuff. Also, it takes too much time to wait if we decide to call especially when we were having issues the last time.

Ronald B.
Ronald B.NSW
  Verified

Trust is everything, that’s what I appreciate the most it’s like leaving your new born child to be minded for the first time, you need to have trust in that person RIGHT!!

Find out how Judo Bank compares to other Banks

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JMO
JMO
  Fair Incentive Verified

Judo Term Deposits came recommended by an accountant friend. It was easy and clear to choose the length of time and simple to rollover. As an ‘older lady’ living alone that’s quite important - along with the feeling of safety

Prue Moore
Prue MooreQueensland3 posts
  Verified

Great customer service if needed.Best term deposits and easy to open on line. Quick response to application. Have had quite a number over a few years and never had a problem. Show details

Laura S.
Laura S.2 posts
  Verified

Best current rate on a 5 year term deposit and the application process was really straight forward. Account was approved the same evening so I could make my deposit the following day. The money was received the day after and they have a very easy to use app to view my account. They are backed by the $250000 government guarantee which was very important to me being a smaller bank. Show details

Di L.
Di L.WA
  Verified

My Judo Term deposit (s) have been so easy to set up, change and rollover. I love the way it is produced with all the facts you need to know and with a loyalty roll over increase to boot. I would recommend Judo to anyone who just wants freedom of stress and worry. Set and forget and Judo is breath of fresh air that does not go stale. Absolutely no regrets at all. Love it.

paul j.
paul j.SA
  Verified

I have established 2 term deposits with Judo and both have been easy to do, I particularly like that this bank has the govt guarantee for up to 250k on deposits which gives me peace of mind that my deposits are safe.

Anne
AnneWestern Australia
  Verified

The process to set up a Term Deposit and subsequently roll over the account is simple and easy to follow. The Rates are excellent and comparable to the best rates available. If you need to talk to staff they are polite, knowledgeable and very helpful. I would recommend Judo Bank. Show details

Michael Britton
Michael BrittonQLD
  Verified

From the first contact with Judo bank the staff have been very helpful and professional aiding me through the initial setup of a Term Deposit account. This is my second TD with Judo bank and see no reason why this will not continue. Show details

Ave M.
Ave M.NSW24 posts
 

Term Deposit funding from Judo Saver Account Now that Judo offers saver accounts it should be easier to fund a Judo Term Deposit from there without the imposed $20K daily limit making it hard to do so. I can accept the transfer will not be instant and go via BECS but having to call and ask to approve and push a transfer for me (still goes via… Read more

BECS) is not something one would expect from a system based on a modern platform. Internal transfers to own accounts with Judo (savers and TDs) should be unrestricted.

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