Australian Military Bank Investment Plus

A term deposit that provides a higher interest rate with a higher balance.

The Investment Plus account offered by the Australian Military Bank is a term deposit where your money earns competitive interest. Depending on the term of your deposit the bank pays interest annually or on maturity. When your deposit matures you can choose to renew it or withdraw your money.

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Details

Product NameAustralian Military Bank Investment Plus
3 month interest rate0.40%
4 month interest rate0.40%
6 month interest rate0.50%
7 month interest rate0.50%
9 month interest rate0.50%
12 month interest rate0.75%
24 month interest rate1.10%
36 month interest rate1.10%
Minimum Opening Deposit$1,000
Minimum Age Requirement18
The rates displayed above are interest rates paid at maturity only. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.

Key features

Minimum investment

You can open an Investment Plus term deposit with a minimum amount of $1,000.

Interest rates

Investing $1,000 for three to five months earns 0.4% p.a. Term deposits of six to 11 months earn 0.5% p.a. If you open a 12 months deposit you'll earn 0.75% p.a. interest.


How to apply

Opening this term deposit requires that you become a member of the Australian Military Bank. You can open an Investment Plus term deposit by visiting any Australian Military Bank branch and you can apply online. To complete and submit an online application, visit the Australian Military Bank website. Before you do, make sure you meet these eligibility criteria.

Eligibility

  • Minimum age. You are over 18
  • Residency requirements. You are an Australian citizen or a permanent Australian resident.

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