Term Deposit rates & feesShow more
Term Deposit rates
Effective date 18 June 2018
|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||2.05% pa||2.05% pa||2.05% pa||2.05% pa|
|2 months||2.40% pa||2.40% pa||2.40% pa||2.40% pa|
|3 months(i)||2.35% pa||2.55% pa||2.55% pa||2.55% pa||2.55% pa|
|4 months(i)||2.40% pa||2.60% pa||2.60% pa||2.60% pa||2.60% pa|
|5 months(i)||2.45% pa||2.65% pa||2.65% pa||2.65% pa||2.65% pa|
|6 months(i)||2.55% pa||2.75% pa||2.75% pa||2.70% pa||2.70% pa|
|7 months(i)||2.65% pa||2.85% pa||2.85% pa||2.85% pa||2.85% pa|
|8 months(i)||2.65% pa||2.85% pa||2.85% pa||2.85% pa||2.85% pa|
|9 months(i)||2.60% pa||2.80% pa||2.80% pa||2.80% pa||2.80% pa|
|10 months(i)||2.60% pa||2.80% pa||2.80% pa||2.80% pa||2.80% pa|
|11 months(i)||2.60% pa||2.80% pa||2.80% pa||2.80% pa||2.80% pa|
|1 year(i)||2.60% pa||2.80% pa||2.80% pa||2.80% pa||2.80% pa|
|13 months(i),(ii)||2.60% pa||2.80% pa||2.80% pa||2.80% pa||2.80% pa|
|18 months(i),(iii)||2.60% pa||2.80% pa||2.80% pa||2.80% pa||2.80% pa|
|2 years(i)||2.75% pa||2.95% pa||2.95% pa||2.95% pa||2.95% pa|
|3 years(i)||2.80% pa||3.00% pa||3.00% pa||3.00% pa||3.00% pa|
|4 years(i)||3.00% pa||3.20% pa||3.20% pa||3.20% pa||3.20% pa|
|5 years(i)||3.05% pa||3.25% pa||3.25% pa||3.25% pa||3.25% 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.
Australian Government guaranteed deposits
The Australian Government provides a guarantee of combined savings balances with an authorised deposit taking institution up to $250,000 per customer. Our Term Deposits are covered under the government guarantee.
For more information visit fcs.gov.au.
How term deposits workShow more
Planning a major purchase? Saving for a holiday? Received a lump sum?
Term deposits are ideal 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 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 in a safe place where you can earn a decent level of interest.
This disciplined way of saving can help you achieve your goals faster, whether it’s putting a deposit on a new home, buying a car or planning a holiday.
Term deposits are also ideal if you suddenly come into some money and you’re not sure what to do with it. If you receive a lump sum—whether through selling something, a work bonus, inheritance or other income source—think about putting it out of temptation’s way in a term deposit. Your money will earn a decent rate of interest while you think about your financial options.
Calculate how much you can earn
Use our Term deposit calculator to see what you can earn. Simply enter the amount you wish to invest, choose for how long you want to invest (the term), and the interest rate that applies to 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.
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).
Important informationShow more
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.
All banking products are issued by AMP Bank Limited.