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Note: The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for the product. Individual institutions apply different formulas.
You select an interest rate between 0% and 25%, which is assumed for the entire period of the calculation.
The interest rate is lower when selecting an interest frequency other than at maturity. If interest is paid before maturity, it can't be reinvested in the Term Deposit. Please refer to the Term deposit rates for current interest rates.
These assumptions are based on a customer objective of achieving maximum returns from the product. AMP Bank considers these assumptions are reasonable given it is impossible to approximate individual users' preferences.
This calculator is provided by Infochoice.
The results shown in this calculator are estimates only and are not guaranteed by AMP Bank. They are based on the accuracy of the data entered into the calculator.
Except where liability under any statute cannot be excluded, under no circumstances will AMP Bank and its related bodies corporate be liable for any loss and/or damage caused by a user's reliance on information obtained by using this calculator.
AMP Bank and its related bodies corporate specifically disclaim any liability (whether based in contract, tort, strict liability or otherwise) for any direct, indirect, incidental, consequential or special loss and/or damages arising out of or in any way connected with the access to or use of this calculator.
Any change to the factors used in the calculation would vary the results.
The calculator and the results provided are generic and do not take into account your personal circumstances. The calculator is a guide only and is not intended to be relied upon for the purposes of making a decision in relation to a credit or financial product. The user should consider obtaining independent advice before making any financial decisions.
Any advice given is general advice only and has been prepared without taking account of your objectives, financial situation or needs. Given this, before acting on the advice, you should consider the appropriateness of the advice having regard to your objectives, financial situation and needs before acting on it. Consider the applicable Terms and Conditions before deciding whether to acquire or continue to hold an AMP Bank product.
The calculator is not an offer for a loan. To apply for an AMP Bank home loan, you must complete an application form and submit it together with all required documentation for assessment. Formal loan approval is subject to AMP Bank lending criteria. All information entered into the calculator will require verification as part of our application process.
When taking out an AMP Bank loan, certain fees and charges are payable by the borrower. These include but are not limited to Government stamp duty and registration costs, AMP Bank's Establishment Fee, Lender's Mortgage Insurance and other fees and charges.
Terms and Conditions apply to AMP Bank products and are available upon request.
The credit provider and product issuer is AMP Bank Limited ABN 15 081 596 009, Australian credit licence 234517, AFSL 234517.