6.1/10

Based on 562 AMP Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

AMP Bank term deposits

AMP is a leading wealth management company operating in Australia and New Zealand, with a rich evolving history spanning 150 years. Its growing banking business in Australia now includes a range of retail products such as home loans, savings accounts and term deposits.

AMP Bank offers the following term deposits

Rates and fees verified as correct at 25 May 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Best rate (up to 1 year) Minimum Deposit Interest paid to another bank?
Term Deposit

5.05% p.a.9 months ($25,000 to $10,000,000)

$5,000.00

yes

How are AMP Bank term deposits rated?

Mozo users have rated AMP Bank term deposits on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of term-deposits
AMP Bank term deposits customer reviews
Overall
4.7/10
Price
6.0/10
Features
5.1/10
Customer service
4.7/10
Convenience
4.7/10
Trust
4.5/10
Based on 37 AMP Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent AMP Bank term deposit reviews

AMP Bank Term Deposit
Overall 1/10
BEYOND BELIEF

Recently had two term deposits redeemed before maturity without my authority. This resulted in a loss of interest to me of $694.36 Contacted amp on two occasions and both times experienced bad lines and incoherent staff. I am now taking action with AFCA and cannot wait for my other term deposits to mature so as i can leave this mob.. Is it any wonder that AMP shares are a disaster.

Read full review

Recently had two term deposits redeemed before maturity without my authority. This resulted in a loss of interest to me of $694.36 Contacted amp on two occasions and both times experienced bad lines and incoherent staff. I am now taking action with AFCA and cannot wait for my other term deposits to mature so as i can leave this mob.. Is it any wonder that AMP shares are a disaster.

Price
8/10
Features
4/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Les, Victoria, reviewed 7 months ago
AMP Bank Term Deposit
Overall 9/10
Best rates & great App

AMP were the best term deposit rates I could find for the term that I wanted to invest my money. Set up was very easy & the AMP App is easy to use. Overall I'm very happy with their product & service. I don't understand why some reviewers rate AMP because they don't offer the product they desire! Completely unreasonable, self centered people that like to complain like spoilt children!

Read full review

AMP were the best term deposit rates I could find for the term that I wanted to invest my money. Set up was very easy & the AMP App is easy to use. Overall I'm very happy with their product & service. I don't understand why some reviewers rate AMP because they don't offer the product they desire! Completely unreasonable, self centered people that like to complain like spoilt children!

Price
9/10
Features
6/10
Convenience
9/10
Less
Kenn, Queensland, reviewed 7 months ago
AMP Bank Term Deposit
Overall 5/10
High term rates

It offers a very attractive interest rate

Read full review

It offers a very attractive interest rate

Price
5/10
Features
3/10
Customer service
3/10
Convenience
4/10
Trust
5/10
Less
Man, New South Wales, reviewed 6 months ago
AMP Bank Term Deposit
Overall 10/10
Great rates and excellent service!

Opened a couple of term deposits with AMP. Compared to the big banks (I have shopped around!), the online process was easy and consumer support was timely and helpful.

Read full review

Opened a couple of term deposits with AMP. Compared to the big banks (I have shopped around!), the online process was easy and consumer support was timely and helpful.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Soufiane, New South Wales, reviewed 10 months ago
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Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.
Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

Term deposit quick links