AMP Bank Term Deposit

Earn a great return with fixed interest and no account fees

It’s smart to start setting earnest savings goals for your business when you only need $5,000 to lock in your money at a fixed interest rate for three months or more. It’s also great if you’re planning any business purchases where cash would be an advantage.

You can start with $5,000 and choose how long you want to keep your money—from three months to five years. For a very short term of one or two months, you can earn a return with a term deposit of $25,000 or more. Use our Term deposit rate calculator to see what you could earn by the end of your term. You can even roll it over and extend your savings term while you collect the interest you’ve earned.
 

The AMP Bank Term Deposit can suit your business by:

  • helping you save for short or long-term goals
  • avoiding temptation to use surplus business cash
  • showing exactly what you earn at the end of term
  • paying you interest earnings regularly.
     

Here’s what you get:

  • a good way to earn extra on your savings
  • no Account fees, open with $5,000 or more
  • terms from 30 days (for $25,000 or more) to five years
  • interest payable every one, three or six months1.
Up to 3.00% pa Effective 18/09/2016

Apply now

Find out how

For any help or questions, call us on:

13 30 30

Monday to Friday
8.00am – 8pm (AEST)
Saturday and Sunday
9am – 5pm (AEST)

Term Deposit rates

Effective date 18 September 2016

  Investment amount
  $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
Term  
1 month   1.90% pa 1.90% pa 2.10% pa 2.10% pa
2 months   2.00% pa 2.00% pa 2.20% pa 2.20% pa
3 months(i) 2.15% pa 2.35% pa 2.35% pa 2.35% pa 2.35% pa
4 months 2.25% pa 2.45% pa 2.45% pa 2.65% pa 2.65% pa
5 months 2.25% pa 2.45% pa 2.45% pa 2.65% pa 2.65% pa
6 months(i) 2.45% pa 2.65% pa 2.65% pa 2.65% pa 2.65% pa
7 months 2.15% pa 2.35% pa 2.35% pa 2.35% pa 2.35% pa
8 months 2.35% pa 2.55% pa 2.55% pa 2.75% pa 2.75% pa
9 months(i) 2.30% pa 2.50% pa 2.50% pa 2.50% pa 2.50% pa
10 months 2.35% pa 2.55% pa 2.55% pa 2.75% pa 2.75% pa
11 months 2.35% pa 2.55% pa 2.55% pa 2.75% pa 2.75% pa
1 year(i) 2.55% pa 2.75% pa 2.75% pa 2.75% pa 2.75% pa
13 months(ii) 2.35% pa 2.55% pa 2.55% pa 2.75% pa 2.75% pa
18 months(iii) 2.35% pa 2.55% pa 2.55% pa 2.75% pa 2.75% pa
2 years 2.35% pa 2.55% pa 2.55% pa 2.75% pa 2.75% pa
3 years 2.35% pa 2.55% pa 2.55% pa 2.75% pa 2.75% pa
4 years 2.55% pa 2.75% pa 2.75% pa 2.95% pa 2.95% pa
5 years 2.60% pa 2.80% pa 2.80% pa 3.00% pa 3.00% pa
 

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 fees and charges guide.

Planning a major business purchase? Received a lump sum you can put away?

Term deposits are an excellent way to save for specific goals. A term deposit is an investment with a guaranteed return based on the amount you invest and the interest rate you’ll earn 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 few months or a year or more where they can earn a return for you at the end of a term you choose.

This disciplined way of saving can help you achieve your business goals faster, especially when you can depend on the cash to be there for future opportunities.

With a lump sum, term deposits are a smart option to earn interest on funds that are locked away for a short (or longer) term. Talk to a financial adviser to see what kind of saving strategy works best for your business.
 

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How much can you earn?

To use our term deposit rate calculator simply:

  1. enter the amount you wish to invest
  2. choose for how long you want to invest (the term)
  3. apply the interest rate for that amount and term.

Our calculator will show your total earnings over the whole term.

Remember, this is a fixed rate from the date of deposit to the maturity date of your term deposit. If you take your money out early you may lose interest. For more details, see our Deposit product terms and conditions.
 

Term deposit calculator

Whether you're saving for a home of your own, a holiday, a car or for the future, AMP Bank's term deposits can help you achieve your goal.

Our Term deposit calculator helps you calculate how much interest you could earn on a term deposit.

Launch calculator

Apply now

It’s easy to open a Term Deposit. You can:

  • download an Application Form
  • talk to a financial Adviser
  • for any help or questions, call us on 13 30 30 Monday to Friday  8.30am – 8pm (AEST) Saturday and Sunday 9am – 5pm (AEST).

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Important information

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It’s important to consider your particular 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.

This information is provided by AMP Bank Limited. Read our Financial Services Guide 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.

The credit provider and bank product issuer is AMP Bank Limited, Australian Credit Licence 234517.

1 Special conditions or reduced rates apply.