- Home
- Term Deposits
- AMP Bank
- Term Deposit
Term Deposit
- 3 months
- Automatic maturity rollover
- Joint application available
- Interest payment to other institution
Interest rate
4.70%
Maximum rate
4.80%
for 7 months
Term Deposit
- 3 months
- Automatic maturity rollover
- Joint application available
- Interest payment to other institution
Interest rate
4.70%
Maximum rate
4.80%
for 7 months
RateCity says
"This RateCity Award winner was one of the top-rated 12-month term deposits of 2020. "
Pros and Cons
For Term Deposit
Benefits
- Interest can be paid to other institution
- Automatic maturity rollover
Drawbacks
- 31 days notice to withdraw funds before maturity and interest rate adjustment will apply to interest earned on funds
AMP Bank Rate Term Deposit overview
For Term Deposit
Features
Min deposit
$25,000
Automatic maturity rollover
Maturity alert by phone
Maturity alert by email
Joint application available
Minimum Age Requirement
18
Notice period to withdraw
31
Is covered by government guarantee
Target Market Determination
Visit AMP Bank Limited to view Target Market Determination.
Features
Interest
Interest Calculation Frequency
Daily
Interest Payment Frequency Options
At Maturity, Annually
Interest payment via other institution
Interest payment method
Cheque, Direct Credit, Rollover on maturity
Interest
Fees
Account keeping fee
$0
Early withdrawal fee
-
Fees
Rates
TermRates on deposit of ($5,000 - $24,999)Rates on deposit of ($25,000 - $10,000,000)
3 months4.70%4.75%
4 months4.70%4.75%
5 months4.50%4.55%
6 months4.75%4.80%
7 months4.75%4.80%
8 months4.70%4.75%
9 months4.70%4.75%
10 months4.70%4.75%
11 months4.70%4.75%
1 year4.70%4.75%
2 years4.15%4.20%
3 years4.15%4.20%
4 years4.15%4.20%
5 years4.15%4.20%
Rates
Other Restrictions
Early withdrawal interest rate adjustment applicable.