“In addition to supporting Australian SMEs, Judo Bank offers a variety of appealing and unique features to our term deposit customers. “As at 30 June 2022, Judo’s deposit customers have invested $4.1 billion in our term deposits, providing valuable funding that supports Australian SMEs,” Mr Rout told. Pricing and Analytics Manager at Judo Mark Rout said term deposits support Judo’s core business of small and medium business (SME) lending, which is focused on providing Australian SMEs with the funding they need and the service they deserve. Judo Bank offers a broad range of term deposit products to its customer base. Like all banking institutions granted an ADI license by APRA, Judo is covered by the government’s $250,000 deposit guarantee and subject to the same strict regulations. If you’re curious about investing your savings in a term deposit through a neobank like Judo Bank, you can be confident that your hard-earned cash is in safe hands. Granted a banking license in 2019, Judo Bank is a business bank that lends to small to medium-sized enterprises (SMEs), however Judo also offers a very competitive range of personal term deposits.
Judo Bank is a neobank purpose built to be fast and nimble to help its customers capitalise on the right opportunities.