Rates and fees

Effective date 

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:

^{(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.
(iv) These rates apply to Direct customers (those who have applied for the product directly through AMP Bank) only. If you acquired the product through an intermediary, please contact your intermediary for current interest rates. 
(v) Not available for new applicants}

For full details, please read the Deposit products fees and charges guide.