Meanwhile, Judo's six month rates moved up by 5 basis points, meaning deposit holders who receive their interest at the end of term will now earn a 4.00% p.a rate. Only G&C Mutual, at 4.50% p.a, has a greater yield for deposits over $1,000 according to market research. Most notably, Judo's one year term accounts now pay 4.40% p.a in interest, one of the most competitive rates in the market. Judo Bank this week moved up its term deposit rates by up to 20 basis points. Judo Bank increases term deposits by up to 0.20% p.a With the RBA widely expected the bump the cash rate up by at least 25 basis points at its monetary policy decision next week, these banks are likely trying to stay ahead of the curve and keep their rates competitive. Judo Bank increases term deposits by up to 0.20% p.aĪNZ increases term deposits by up to 0.60% p.aīendigo Bank increases term deposits by up to 0.85% p.aĪNZ and Judo Bank were among several providers to increase their term deposit account rates this week.
