Judo Bank lifts Personal Savings Account rate to up to 5.60% p.a. following RBA cash rate rise
Full 0.25% p.a. increase applies to new and existing savings customers from 7 October 2026
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Melbourne, Australia, Oct. 20, 2026 (GLOBE NEWSWIRE) — Judo Bank has increased variable interest rates on its savings products by 0.25% p.a., effective 7 October 2026, following the Reserve Bank of Australia’s decision on 29 September to raise the cash rate target to 4.60%.
The increase applies to both new and existing Savings Account customers. Existing customers do not need to do anything to receive the new rate.
From 7 October, the Judo Bank Personal Savings Account will pay a total variable rate of 5.60% p.a. on balances up to $250,000, made up of a 0.05% p.a. base rate and a 5.55% p.a. bonus rate. To earn the bonus rate, customers must deposit $300 or more into the account each calendar month.
Personal Savings Account rates from 7 October 2026:
| Balance tier | Base rate | Bonus rate | Total variable rate |
| $1 – $250,000 | 0.05% p.a. | 5.55% p.a. | 5.60% p.a. |
| $250,001 – $2,000,000 | 0.05% p.a. | 5.05% p.a. | 5.10% p.a. |
| $2,000,001+ | 0.05% p.a. | N/A | 0.05% p.a. |
The monthly deposit is the only condition required to achieve the bonus rate. There are no withdrawal penalties, balance growth requirements, linked account requirements or minimum card purchases, and the bonus rate is ongoing rather than an introductory offer. Interest is calculated daily and paid monthly, with no monthly account keeping fees.
Judo Bank is an Authorised Deposit-taking Institution (ADI), and eligible deposits are covered by the Australian Government’s Financial Claims Scheme up to $250,000 per account holder.
More information on the Personal Savings Account is available at https://www.judo.bank/savings-accounts/personal-savings-account/
About Judo Bank
Judo Bank is an Australian bank and ADI headquartered in Melbourne, offering business lending, term deposits and savings accounts. Judo Bank Pty Ltd (ABN 11 615 995 581, AFSL and Australian Credit Licence 501091) is a subsidiary of Judo Capital Holdings Limited (ASX: JDO).
Rates are variable and subject to change. This information is general in nature and does not take into account your objectives, financial situation or needs. Consider the relevant terms and conditions and product documents, and seek independent advice, before making a decision. Eligibility criteria and terms and conditions apply.
Judo Bank Level 26, Queen and Collins, 376-390 Collins Street, Melbourne, Victoria, 3000, Australia https://www.judo.bank/ nick.clark@judo.bank
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