In this guide

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  • Details
    • Product details
  • Key features
  • How to apply
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AMP Bank Go Term Deposit

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Summary

Lock in a fixed rate on a 6 or 12 month term for balances between $5,000 and $10,000,000

The AMP Bank Go term deposit is a simple term deposit offering a standard fixed rate of 4.3% p.a. on just two term lengths; 6 and 12 months.

This term deposit can be opened with very large balances up to $10 million, and is a good set-and-forget option for your cash.

Pros

  • One simple, fixed rate available
  • No fees
  • Available for very large deposits

Cons

  • Must have $5000 or more to open an account
  • Only 2 term lengths available

In this guide

  • Review
  • Details
    • Product details
  • Key features
  • How to apply
  • Your reviews
  • Ask a question

Details

Product details

Product Name AMP Bank GO Term Deposit
6 month interest rate 4.30%
12 month interest rate 4.30%
Minimum Opening Deposit $5,000
Minimum age requirement 15
Government guarantee Yes

Key features

Choose a 6 or 12 month term

This term deposit only offers 2 term lengths; 6 and 12 months. When your term deposit reaches maturity you can choose to roll it over into a new term with the current fixed rate on offer.

Fixed interest rate

This term deposit currently offers a fixed interest rate of 4.3% p.a. on both the 6 and 12 month term options. The rate is fixed, so it won't change for the life of your term deposit offering a guaranteed return.

Invest between $5,000 and $10,000,000

You need a balance of at least $5,000 to invest in this term deposit, and you can invest up to $10 million.

Interest payments

You will be paid your interest when your term deposit reaches maturity (at the end of your term).

Launch term deposit calculator

How to apply

This account is only available via the AMP Bank Go app, it's not accessible via AMP internet banking. You also need to have an AMP Bank Go Everyday Account.

Eligibility

  • You're over 15 years of age
  • You're a permanent Australian resident
  • You have a valid email address and an Australia mobile number
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Alison Finder

Editorial Manager, Money

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Alison Banney

Editorial Manager, Money

Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full profile

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