Need a safe place to stash your savings without sacrificing on interest rates? AMP Bank’s Term Deposit might just be your stable savings solution, offering a range of solid interest rates up to 4.75% p.a. for 1 year (balances between $25,000 and $10 million).
Whether you’re saving up for a specific goal or just need a stable place keep your savings stash growing, AMP Bank could give you the interest rate certainty you need with one of its term deposits. And with terms starting from 3 months all the way up to five years, savers will be able to choose the term that fits their saving needs.
When it comes to interest rates, AMP Bank offer a tiered system for most of their Term Deposits. The first tier is for balances between $5,000 and $24,999, while the second is for balances between $25,000 to $10 million.
For example, for AMP Bank’s 6 month Term Deposit, savers will receive an interest rate of 4.75% p.a. for balances between $5,000 and $24,999 or an interest rate of 4.80% p.a. for balances between $25,000 and $10 million.
AMP Bank even gives savers the convenience of being able to have their interest paid into an account from another bank. Just bear in mind that AMP Bank require customers to provide at least 31 days notice for early withdrawal and the account does have automatic rollover, which means savers will need to let them know if they don’t want to keep their term deposit open.
AMP Bank’s Term Deposits could be a great option for savers looking for a secure and rewarding place to grow balances over $5,000 or $25,000 for at least 3 months.
Because term deposits are designed to come to maturity, if you do need to make an early withdrawal AMP Bank will adjust the interest you receive down based on the portion of the term you’ve completed. You’ll also need to give them at least 31 days advance notice if you plan to take your funds out early.
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0.10% p.a. ($25,000 to $10,000,000) |
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0.20% p.a. ($25,000 to $10,000,000) |
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4.65% p.a. ($5,000 to $24,999) 4.70% p.a. ($25,000 to $10,000,000) |
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4.55% p.a. ($5,000 to $24,999) 4.60% p.a. ($25,000 to $10,000,000) |
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4.55% p.a. ($5,000 to $24,999) 4.60% p.a. ($25,000 to $10,000,000) |
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4.75% p.a. ($5,000 to $24,999) 4.80% p.a. ($25,000 to $10,000,000) |
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4.85% p.a. ($5,000 to $24,999) 4.90% p.a. ($25,000 to $10,000,000) |
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4.65% p.a. ($5,000 to $24,999) 4.70% p.a. ($25,000 to $10,000,000) |
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4.75% p.a. ($5,000 to $24,999) 4.80% p.a. ($25,000 to $10,000,000) |
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4.55% p.a. ($5,000 to $24,999) 4.60% p.a. ($25,000 to $10,000,000) |
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4.55% p.a. ($5,000 to $24,999) 4.60% p.a. ($25,000 to $10,000,000) |
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4.70% p.a. ($5,000 to $24,999) 4.75% p.a. ($25,000 to $10,000,000) |
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4.35% p.a. ($5,000 to $24,999) 4.40% p.a. ($25,000 to $10,000,000) |
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4.25% p.a. ($5,000 to $24,999) 4.30% p.a. ($25,000 to $10,000,000) |
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4.20% p.a. ($5,000 to $24,999) 4.25% p.a. ($25,000 to $10,000,000) |
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3.25% p.a. ($5,000 to $24,999) 3.30% p.a. ($25,000 to $10,000,000) |
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3.25% p.a. ($5,000 to $24,999) 3.30% p.a. ($25,000 to $10,000,000) |
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3.25% p.a. ($5,000 to $24,999) 3.30% p.a. ($25,000 to $10,000,000) |
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$5,000.00 |
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$10,000,000.00 |
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yes |
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yes |
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31 days notice required if customers want to withdraw their funds before the maturity date. If a term deposit is withdrawn early, the interest rate that applies will be reduced by the interest rate adjustments. |
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none |
Different interest rates apply to different amounts or different interest payment frequencies.
Good
Read full reviewThis company has my super and they are doing a good job under difficult circumstances.
Read full reviewThis company has my super and they are doing a good job under difficult circumstances.
Term Deposit
5.00% p.a.
$1,000.00
Yes up to $250,000
Term Deposit
5.00% p.a.
$1,000.00
Yes up to $250,000
Term Deposit
5.00% p.a.
$1,000.00
Yes up to $250,000
Term Deposit
5.00% p.a.
$1,000.00
Yes up to $250,000
Term Deposit
5.00% p.a.
$1,000.00
Yes up to $250,000
