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We’re really proud to continue to boldly back our customers at a time when they need it most,' Mr Nolan said. 'Three per cent for five years is a great investment return in the current market. Patrick Nolan, Judo's GM for products, deposits, told these are some of the highest rates offered since the bank's launch in May 2019.

4 Years: 85 basis point increase to 2.75% p.a.

3 Years: 100 basis point increase to 2.60% p.a.

2 Years: 65 basis point increase to 2.15% p.a.1 Year: 25 basis point increase to 1.50% p.a.The following rate increases apply to end of term products:

Term deposits with shorter timeframes were also increased by between 25 and 85 basis points.

5 Years, Monthly Interest Payment: 100 basis point increase to 2.90% p.a.

5 Years, Annual Interest Payment: 100 basis point increase to 2.95% p.a.

5 Years, End of Term Interest Payment: 100 basis point increase to 3.00% p.a.It's been a while since savers would have seen any deposit product hit the 3% mark, but on Thursday Judo made some changes including:

Judo bank term deposit interest rates