AMP Bank term deposit $5000+
- Interest rate 3 months interest rate
- Up to 4.55% p.a.
- Minimum opening deposit
- $5,000
- Account keeping fee
- $0
- Maximum deposit
- $24,999
Summary
Invest $5,000 or more for just 12 months and get a fixed rate of 4.3% on your investment.
The AMP Term Deposit offers a competitive, fixed rate on deposits of $5,000 or more with your choice of term length from 3 months to 5 years. You can earn 2.95% on a 5 year term, with no account fees to pay.
Pros
-
$0 Account keeping fees
-
Wide ranges of terms from from 3 months to 5 years
Cons
-
Minimum investment of $5,000
Details
Key details
| Product Name | AMP Term Deposit $5000+ |
| 3 month interest rate | 4.55% |
| 4 month interest rate | 4.40% |
| 6 month interest rate | 4.45% |
| 7 month interest rate | 4.30% |
| 9 month interest rate | 4.35% |
| 12 month interest rate | 4.30% |
| 24 month interest rate | 3.95% |
| 36 month interest rate | 2.95% |
| 48 month interest rate | 2.95% |
| 60 month interest rate | 2.95% |
| Minimum Opening Deposit | $5,000 |
| Minimum age requirement | 18 |
| Government guarantee | Yes |
Eligibility
| Minimum Age Requirement | 18 |
| Joint account availability | Yes |
| Min Deposit | $5,000 |
| Available to children | Not available for children |
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Congratulations, AMP Bank!
The AMP Bank Term Deposit $5000+ was highly commended for Best Term Deposit (12 Months) in the 2025 Finder Awards.
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Your reviews
Alison Finder
Editorial Manager, Money
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Sarah Megginson Finder
September 04, 2023
Hi Michele,
According to APRA, deposits are protected up to a limit of $250,000 per account holder, per ADI (Authorised deposit-taking institution). To get the full benefit of the government guarantee, you could place your funds in different bank accounts with different banks, ensuring no more than $250k in each account.
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terry Hill
July 26, 2023
Can a SMSF invest money in the 12 month fixed term with AMP
Alison Banney Finder
August 01, 2023
Hi Terry, AMP is currently only accepting online term deposit applications from personal customer and sole traders, not SMSFs. You can speak with the bank directly about opening an account for your SMSF.
Sam
July 25, 2023
Can temporary resident apply for term deposit?
Alison Banney Finder
July 25, 2023
Hi Sam, as stated in the ‘How to apply’ section on this page you need to be a permanent Australian resident with an Australian residential address.
April
October 10, 2022
Is it safe to transfer a large deposit into the term deposit online
Alison Banney Finder
November 22, 2022
Hi April,
Term deposits are one of the safest investment options available. Your deposit of up to $250,000 in a term deposit with an Australian bank is protected by the government’s bank guarantee scheme.
Thanks,
Alison
greg robben
July 01, 2022
I want a monthly payout on a 24month term.
what is the interest rate.
what conditions, eg how much notice do you need if I have to access money
Alison Banney Finder
July 10, 2022
Hi Greg,
For a 24-month term deposit with a balance between $5k-$25k the current interest rate offered by AMP is 3.60% (as of 8 June 2022). For balances between $25k-$100k, the rate is 3.65%. Please note that these rates do change frequently.
You can choose to receive interest payments in months instead of at maturity however, the interest rate will be reduced by 0.20%.
You must provide 31 days’ notice if you wish to access your money before the term matures, and an internal rate adjustment will be applied by AMP.
Thanks,
Alison
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Michele
August 07, 2023
If you have various different term deposits of $250,000 each does the government guarantee them all.