Judo bangs TD rates
Judo Bank will defend the price leadership kit carved out in the term deposits market since striding into the banking arena in Australia in April 2019."We are a growing player in TDs," co-CEO David Hornery said yesterday.'We sit it at the top end on long-dated deposits. That's a place we will be in the long run, and consistent.Hornery said other deposit products would follow to match the lending product plans of the bank.Judo has kicked off its third-round capital raise.Hornery said the bank was targeting A$400 million over the next three months to help fund its continuing expansion nationally. He said: "Since becoming a fully licensed bank in April last year, we've lent over $1.1 billion to Australian SMEs and taken in more than $1 billion in deposits."