Rates & fees
Effective date 27 March 2020
| Term |
$5,000 to less than $25,000 |
$25,000 to less than $100,000 |
$100,000 to $500,000 | >$500,000 to $1,000,000 | >$1,000,000 to $5,000,000 |
| 1 month | 1.10% pa |
1.10% pa |
1.10% pa |
1.10% pa |
|
| 2 months | 1.20% pa |
1.20% pa |
1.20% pa |
1.20% pa |
|
| 3 months(i) | 1.20% pa |
1.40% pa |
1.40% pa |
1.40% pa |
1.40% pa |
| 4 months(i) | 1.55% pa |
1.75% pa |
1.75% pa |
1.75% pa |
1.75% pa |
| 5 months(i) | 1.50% pa |
1.70% pa |
1.70% pa |
1.70% pa |
1.70% pa |
| 6 months(i) | 1.65% pa |
1.85% pa | 1.85% pa |
1.85% pa |
1.85% pa |
| 7 months(i) | 1.65% pa |
1.85% pa |
1.85% pa |
1.85% pa |
1.85% pa |
| 8 months(i) |
1.65% pa |
1.85% pa |
1.85% pa |
1.85% pa |
1.85% pa |
| 9 months(i) | 1.65% pa |
1.85% pa |
1.85% pa |
1.85% pa |
1.85% pa |
| 10 months(i) |
1.65% pa |
1.85% pa |
1.85% pa |
1.85% pa |
1.85% pa |
| 11 months(i) | 1.65% pa |
1.85% pa |
1.85% pa |
1.85% pa |
1.85% pa |
| 1 year(i) | 1.65% pa |
1.85% pa |
1.85% pa |
1.85% pa |
1.85% pa |
| 13 months(i),(ii) | 1.65% pa |
1.85% pa |
1.85% pa |
1.85% pa |
1.85% pa |
| 18 months(i),(iii) | 1.65% pa |
1.85% pa |
1.85% pa |
1.85% pa |
1.85% pa |
| 2 years(i) | 1.20% pa |
1.40% pa |
1.40% pa |
1.40% pa |
1.40% pa |
| 3 years(i) |
1.20% pa |
1.40% pa |
1.40% pa |
1.40% pa |
1.40% pa |
| 4 years(i) | 1.20% pa |
1.40% pa |
1.40% pa |
1.40% pa |
1.40% pa |
| 5 years(i) | 1.20% pa |
1.40% pa |
1.40% pa |
1.40% pa |
1.40% pa |
| TD held as security | Please contact us on 13 30 30 for interest rates applicable for Term Deposits held as security for loans. | ||||
No account-keeping fees apply to AMP Bank’s Term Deposits. Instead you will earn interest paid at interims you select or on maturity, depending on the term you choose for your term deposit. You may open as many term deposits as you like each with a different term or invested amount. You will receive your interest earnings at the end of the term or, if you would like to be paid more frequently, at a slightly lower rate on terms of one year or more. You can receive those earnings every month, every three months or every six months instead of annually. For example, here are the interest payment options on terms of one year or more:
| Interest rate payment frequency |
Interest rate conditions |
| Every month | Interest rates for monthly interest payments are 0.20% pa less than the standard rates above |
| Every three months | Interest rates for three-monthly interest payments are 0.10% pa less than the standard rates above |
| Every six months | Interest rates for six-monthly interest payments are 0.05% pa less than the standard rates above |
A bonus interest rate of up to 0.10% per annum is available for AMP Corporate Superannuation customers. This bonus excludes special offers, and term deposits with balances of $1,000,000 and greater. Deposits over $5,000,000 are at our discretion.
(i) Special Offer only. Other bonus margins cannot be applied to this rate.
(ii) Only available where interest is paid electronically into a nominated account with AMP Bank or another financial institution and no bank cheque is issued. Where interest is paid annually, the first interest payment is made after 12 months and the second interest payment is made at maturity.
(iii) Quarterly and half-yearly interest payment options are not available.
For full details, please read the Deposit products fees and charges guide.
Start saving in 3 easy steps
1
Apply for a Term Deposit
Applying online is easy and will take you about 10 minutes to complete.
2
Download My AMP app
Download from the Apple or Google Play app stores to track your savings.
3
Rollover your money at maturity
We'll be in contact with you near the end
of the period to confirm your instruction.
Ready to get started with a Term Deposit?
How term deposits work
Saving for something big? Have you received a lump sum of money that you're keen to put away? A term deposit can be an ideal way to save for a specific goal, as it's enables you to invest and get a guaranteed return, which will be based on the amount you invest and the interest rate on the day you open your term deposit.
Instead of leaving your money in a transaction account earning little or no interest (and where you may be tempted to use it), why not put your funds away for a period of time that you get to choose and which will earn you a return at the end? This could help you achieve your goals faster, whether it’s putting a deposit on a new home, buying a car or planning a holiday.
It's important to think carefully when choosing your term duration as you need to provide 31 days' notice if you want to access the money earlier than the selected term. Talk to a financial adviser to see what kind of saving strategy works best for you.
Documents & downloads
Terms and conditions
Application forms
Manage your Term Deposit
Contact us
Banking enquiries
Monday to Friday 8am – 8pm
Saturday and Sunday 9am – 5pm (AEST)
Important information
The product issuer and credit provider is AMP Bank Limited ABN 15 081 596 009, AFSL and Australian credit licence 234517.
It’s important to consider your circumstances and read the relevant Product Disclosure Statement or Terms and Conditions before deciding what’s right for you. This information hasn’t taken your circumstances into account. Information including interest rates is subject to change without notice.
Any application is subject to AMP Bank’s approval. Terms and conditions apply and are available at amp.com.au/bankterms or 13 30 30. Fees and charges may be payable.
This information is provided by AMP Bank Limited. Read our Financial Services Guide available at amp.com.au/fsg for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you. All information on this website is subject to change without notice.
AMP Bank is a member of the Australian Banking Association (ABA) and is committed to the standards in the Banking Code of Practice.
Information including interest rates is correct as at 26 March 2020 and is subject to change without notice.