Judo Bank raises savings rates to 5.60 percent per annum

Podcast: The News Front Podcast · The News Front from Magic PR

Opublikowano: 2026-10-20

Judo Bank has announced a significant boost to its savings offerings, increasing interest rates on its Personal Savings Account by 0.25% per annum. Effective 7 October 2026, this adjustment follows the Reserve Bank of Australia’s recent decision to lift the official cash rate to 4.60%. Consequently, customers can now access a total variable rate of up to 5.60% p.a. on balances up to $250,000. This update applies automatically to both new and existing Judo Bank savings customers, requiring no manual intervention. To qualify for the competitive 5.55% p.a. bonus rate, account holders simply need to deposit at least $300 monthly. Notably, this bonus is ongoing ra...