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Judo Bank review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Judo Bank is an Australian digital bank built around one easy-access savings account, and it suits savers who want a headline rate of 5.35% paid on money they can still reach online the same day. The trade-off is a variable rate and a minimum deposit that sits above most accounts on the site.

Key facts

Best for
A high-rate easy-access savings account run entirely online.
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

Facts checked September 26, 2026, 3 sources

Apps and profiles

Elsewhere
WikidataWikipediaLinkedInXfinder.com.au

Pros and cons

Pros

  • A headline rate of 5.35% that clears the site median 3% by a clear margin.
  • No notice period, no withdrawal penalties and no balance growth requirement, so the money stays reachable.
  • Interest is calculated daily and credited monthly, which keeps accrual visible on the balance.
  • Support runs on email, phone and help centre, so phone help is available alongside email and a help centre.

Cons

  • The rate type is variable, so the headline rate of 5.35% can fall as market rates move.
  • A minimum deposit of AUD 300 ranks 327 of 379 on the site, well above the typical entry point.
  • The easy-access account easy access is run through online banking, and Digital Banking withdrawals are capped each day.
Judo Bank

Ready to try Judo Bank?

Scored 9.0 / 10 by SumCue.

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Who it suits

  • Australian savers who want a strong variable rate and are content to manage the account online.
  • People building a cash buffer who need the money reachable without giving notice.
  • Holders of a digital bank account, since no linked current account and no growing balance are needed.

Who should look elsewhere

  • Readers saving in sterling or euros who want a UK or European account: Wise pays 3.29%.
  • Savers chasing a fixed-term rate: Finteres shows a range of 0% to 36% on its own terms.
  • People who want chat or branch help: bunq pays 3.01%, while support here runs on email, phone and help centre.

Rates and terms

Judo Bank pays a headline rate of 5.35% on its savings account, and the rate type is variable, so the figure moves with market rates rather than being locked in. On the site's headline rate ranking it places 87 of 488 brands, against a site median 3%.

Who runs it

Judo Bank is Judo Bank Pty Ltd, based in Australia. Its Australian licence is 501091, and the regulators listed for the business are APRA and ASIC. Support runs on email, phone and help centre, which gives phone and email routes alongside a help centre, and the account itself is run through online banking.

How Judo Bank compares

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 Judo Bank pay on its savings account?+

The headline rate is 5.35% and the rate type is variable, so the figure can move with market rates. That sits above the site median 3%, and Judo Bank places 87 of 488 brands on that measure.

Does the account charge a monthly fee?+

The monthly fee on the easy access savings account is AUD 0, and it runs on the no monthly fee model, so keeping the balance open costs nothing in account charges. The minimum deposit is the only stated starting point for holders.

How much do I need to deposit to open the account?+

The minimum deposit is AUD 300, which is higher than most savings accounts on the site and ranks 327 of 379 on that measure. Savers with less to start would need to build the balance elsewhere first.

Who runs and regulates Judo Bank?+

The legal entity is Judo Bank Pty Ltd, based in Australia, and its Australian licence is 501091. APRA and ASIC are the regulators listed for the business, so savers can check the register before depositing.

Can I withdraw my money whenever I want?+

The account kind is easy access, with no notice period and no withdrawal penalties, so savings can be taken out on demand. Digital Banking withdrawals are capped each day, and interest is calculated daily and credited monthly.

Do I need a linked account or a growing balance?+

No linked account is needed and there are no balance growth requirements, which is unusual among larger banks. You can hold the easy access balance on its own, and the minimum deposit of AUD 300 is the only stated starting point.

How do I get help if something goes wrong?+

Support runs on email, phone and help centre, so questions can go by email, by phone or through the help centre. Help is remote rather than in person, so the account suits people already comfortable with online banking.

Is the account available outside Australia?+

The business is based in Australia and the account holds Australian dollars, so readers in the UK or Europe would save in a currency they may not use. Check the terms for your own market, and compare with Wise at 3.29% or bunq at 3.01% for balances in your own currency.

Sources

  • judo.bank/savings-accounts/faqs checked September 26, 2026

    Backs: Rate type, Support channels

    “Are the interest rates on our Savings Accounts fixed or variable? The applicable interest rate(s) are variable and may change from time to time.”

  • 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 3 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Term, Deposit protection.

Judo Bank

Judo Bank

A high-rate easy-access savings account run entirely online.

9.0/10See alternatives