The bank that bills itself as catering for small to medium businesses also offers generous TD rates for personal deposits, boosting its rates across the board this week.

Judo Bank's best new rate is a market-leading 5.15% p.a. for amounts between $1,000 and $2 million invested for six months with interest paid end of term - up five basis points on the previous rate. It puts Judo's best rate ahead of Goldfields Money's 5.10% p.a. for a six-month term.

The two had previously shared top spot on the term deposit market.

See also: Compare High-Interest Term Deposits

Judo is also offering 5.05% p.a. for a nine-month term, a 15-basis point jump, with interest also paid at maturity.

Here's a selection of Judo's new personal term deposit rates:

Term length Deposit size Payment frequency Interest rate (change %)
3 months $1,000-$2m End of term 5.00% p.a. (+0.05)
6 months $1,000-$2m End of term 5.15% p.a. (+0.05)
9 months $1,000-$2m End of term 5.05% p.a. (+0.15)
1 year $1,000-$2m End of term 5.00% p.a. (+0.10)
2 years $1,000-$2m End of term 4.75% p.a. (+0.20)
3 years $1,000-$2m End of term 4.65% p.a. (+0.25)
4 years $1,000-$2m End of term 4.50% p.a. (+0.10)
5 years $1,000-$2m End of term 4.50% p.a. (+0.10)

Judo drops the interest it pays by five basis points for annual payments and 10 basis points for monthly interest payments.

It's also offering the same rates for both business and SMSF term deposits.

ANZ makes more term deposit rate cuts

Earlier in the week, ANZ became the latest big bank to announce further cuts to its term deposit rates.

CommBank and Westpac dropped their term deposit rates lower in September with NAB and Macquarie making further cuts to their rates last week.

ANZ's best new rate is now 4.75% p.a. for an eight-month investment, down from 4.80% p.a.

It brings ANZ's best rate in line with its big four peers.

NAB is also offering 4.75% p.a. for eight months while it's also the special offer rate for existing customers at both CommBank and Westpac.

Here's some of ANZ's new term deposit rates:

Term length Deposit size Payment frequency Interest rate (change %)
3 months $5,000-$1,999,999 End of term 3.15% (-0.05)
8 months $5,000-$1,999,999 End of term 4.75% p.a. (-0.05)
1 years $5,000-$1,999,999 End of term 4.20% p.a. (-0.30)
2 years $5,000-$1,999,999 End of term 3.80% p.a. (-0.20)
3 years $5,000-$1,999,999 End of term 3.10% p.a. (-0.90)

MyState Bank also lifts select rates

The Tasmanian bank has made a generous boost to one of its term deposit rates this week for new and renewing customers either operating online or in-branch.

Its best rate is now 4.95% p.a., a 45-basis point jump, for amounts between $5,000 and $1 million invested for five months with interest paid at maturity.

Here are the Tassie bank's new rates for both online and regular term deposits:

Term length Deposit size Payment frequency Interest rate (change %)
5 months $5,000-$1m End of term 4.95% p.a. (+0.45)
7 months $5,000-$1m End of term 4.80% p.a. (-0.20)
12 months $5,000-$1m End of term 4.65% p.a. (-0.10)

Beyond Bank cuts a further 10 basis points

Beyond Bank's best new rate is its headline seven-month special rate of 4.80% p.a. for amounts between $2,000 and $5 million with interest paid end of term.

The limited time only rate has also undergone a 10-basis point haircut along with rates for Beyond's six- and nine-month and one- and two-year terms.

Rates are lower again for annual and monthly interest payments.

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