Judo Bank review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Judo Bank suits Australian savers who want a digital-only easy-access account with a strong variable rate and no monthly charge. The personal savings account pays 5.35%, but the balance is small: a AUD 300 minimum deposit and a daily Digital Banking withdrawal limit shape how the account can be used.
Key facts
- Best for
- Australian savers who want easy access, a variable rate and no monthly account fee.
- Headline rate
- 5.35%↗
- Rate type
- Variable↗
- Minimum deposit
- A$300↗
- Access terms
- At-call online savings, no notice period, no withdrawal penalties, no balance growth requirements or linked account needed; interest calculated daily and credited monthly; daily Digital Banking withdrawal limit $20,000↗
- Monthly fee
- A$0↗
- Account kind
- Easy access↗
- Legal entity
- Judo Bank Pty Ltd↗
- Headquarters
- Australia↗
- Support channels
- Email, Phone, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- judo.bank
Everyday accounts
- Transfer fee
- No withdrawal or transfer fees↗
- Audience
- Business
- Features
- Digital-only, Joint account
Facts checked September 26, 2026, 3 sources
Apps and profiles
Pros and cons
Pros
- Headline rate of 5.35% on a variable easy access savings account, above the site median of 3%
- No monthly fee, with the monthly fee at AUD 0 and No withdrawal or transfer fees
- Access is easy: no notice period, no withdrawal penalties and no linked account needed
- Support runs on email, phone and help centre for account questions
Cons
- A minimum deposit of AUD 300 is required to hold the personal savings account
- The rate is variable, so 5.35% can move with the market
- A daily Digital Banking withdrawal limit applies, which can slow larger withdrawals
Who it suits
- Australian savers keeping an easy-access cash reserve
- Business owners, who make up the main audience for Judo Bank
- Joint account holders, since a joint account is available
Who should look elsewhere
- Savers who want a guaranteed rate, since the variable rate can change
- Savers who need large same-day withdrawals, because of the daily Digital Banking limit
- Savers who want a branch relationship, given the digital only and joint account service
Safety of your money
Judo Bank operates under AU rules as Judo Bank Pty Ltd, regulated by APRA and ASIC. Its Australian banking licence is listed as 501091. A savings balance held with the bank is a deposit with an Australian authorised institution, which sits inside the domestic deposit protection framework. Support for account questions runs on email, phone and help centre.
Rates and terms
The personal savings account pays a headline rate of 5.35% and the rate type is variable. Access is easy access, with no notice period, no withdrawal penalties, no balance growth requirement and no linked account needed. Interest is calculated daily and credited monthly. A minimum deposit of AUD 300 applies and the monthly fee is AUD 0.
How Judo Bank compares
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Where Judo Bank is available
- Available
- Australia
- Licence in Australia
- APRA, checked September 26, 2026
- Licence in Australia
- ASIC (501091), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What rate does the Judo Bank personal savings account pay?+
The personal savings account pays a headline rate of 5.35% and the rate type is variable, so the figure can move rather than being locked. Interest is calculated daily and credited monthly to the account.
Is there a monthly fee on the account?+
The monthly fee is AUD 0, and No withdrawal or transfer fees. Nothing is deducted for taking money out or moving it, which keeps the cost side of the account simple for a business or personal balance.
How much do I need to open the account?+
A minimum deposit of AUD 300 is needed for the personal savings account. That opening amount is higher than many easy-access savings accounts on the site.
Can I get at my money without notice?+
Yes. The account is easy access and carries no notice period, no withdrawal penalties and no balance growth requirement, so you can withdraw as needed. A daily Digital Banking withdrawal limit still applies to transfers made through Digital Banking.
Is my money protected and who regulates the bank?+
Judo Bank is Judo Bank Pty Ltd, based in Australia and regulated by APRA and ASIC, with the Australian banking licence listed as 501091. A savings balance is a deposit with an authorised Australian institution, covered by the domestic deposit protection framework.
Do I need a branch to use this account?+
The service is digital only and joint account, so everything is handled through digital banking rather than a branch. Support is still available on email, phone and help centre if you need help with the account.
Who is this account aimed at?+
Judo Bank is built around business customers, so a business owner is the natural fit. Individuals can still open the personal savings account, and a joint account is listed among the available features.
Can I open a joint account?+
A joint account is one of the listed features, so two people can hold the account together. It runs on the same easy access terms, with the same 5.35% variable rate and no monthly fee.
Sources
- judo.bank/about-judo-bank checked September 26, 2026
Backs: Audience
“We aim to be Australia's most trusted SME business bank.”
- judo.bank/savings-accounts/faqs checked September 26, 2026
Backs: Features, Rate type, Support channels, Transfer fee
“Why are Judo Bank's Personal, Business and SMSF Savings Accounts offered online only? Because we're a digital bank without branches.”
- judo.bank/savings-accounts/personal-savings-account checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Pricing model, Monthly fee, Licences
“Unlike other banks, we don't penalise you for making withdrawals. You can move money out for emergencies without losing eligibility.”
- judo.bank/terms-of-use checked September 26, 2026
Backs: Headquarters, Legal entity
“These terms will be governed and construed in accordance with the laws of Victoria, Australia”
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Term, Deposit protection.
Related by the facts
Judo Bank
Australian savers who want easy access, a variable rate and no monthly account fee.