AMP Bank Term Deposit Account Great Options for Bank Accounts
Monday July 13, 2009
AMP bank accounts are some of its most popular services and products with the AMP Banking Term Deposit Account a standout with a high fixed interest rate that is higher than many competitors' savings accounts on several terms.
With many people seriously affected by the GFC, many bank accounts are being scrutinised for what can offer the very best savings and lowest fees. The AMP Banking Term Deposit Account waives any banks fees and awards its customers with great interest rates that can be suited to the account owners own payment system. AMP Banking Term Deposit Account holders can opt between several repayment options with factors such as how long the account is left and months between payments being major factors.
Customers are asked when opening an account just how long they would like to leave it for with a different level of interest attached.
The categories are broken down into anywhere from 3 months to 5 years with the interest awarded as follows:
- 4.30% pa for 3 months
- 4.50% pa for 6 months
- 6.00% pa for 5 years
- The minimum opening amount for a new term deposit customers with a term between 30 and 89 days is $25,000
- Terms selected that are longer than one year, customers receive regular
income by choosing to have their interest paid monthly, quarterly, half
yearly and yearly
- Access through phone and internet
- No penalties associated with partial withdrawals in case of emergencies
AMP bank accounts customers are able to chose between several options for when their interest is paid, with options even available for how it is paid into their AMP Banking Term Deposit Account. Options include interest rates to be paid either through by cheque, transferred to a nominated account or added to the customer's principal at interest and reinvested.
AMP banks term deposit bank accounts are a smart choice for bank accounts customers who are seeking a competitive rate of return and a regular income stream.
AMP Bank is one of Australia's largest retail and corporate superannuation providers with a leading wealth management company across both Australia and New Zealand. Presently at over 3.4 million customers, the bank specialises in a range of banking services and financial products including banking, insurance, retirement savings and income, superannuation, investments and financial planning.
To learn more about AMP bank accounts, please visit our compare bank accounts page
* rates and conditions correct as at this date but subject to change at anytime, please check with the product provider before making an application.
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