Australian Military Bank Teen Plus term deposit
- Interest rate 4 months interest rate
- Up to 4.90% p.a.
- Minimum opening deposit
- $500
- Account keeping fee
- $0
Summary
A term deposit for teenagers that lets you earn competitive interest.
The Australian Military Bank Teen Plus term deposit, as the name suggests, is meant especially for those less than 17 years of age. You earn interest annually or at maturity, depending on it’s term. Upon maturity of your deposit you have the options of renewing it and withdrawing your money.
Pros
-
Wide range of term options
-
High interest rates
-
Auto renewal
Details
Key details
Product Name | Australian Military Bank Teen Plus Term Deposit |
3 month interest rate | 3.50% |
4 month interest rate | 4.90% |
6 month interest rate | 4.80% |
7 month interest rate | 4.70% |
9 month interest rate | 4.70% |
12 month interest rate | 4.80% |
24 month interest rate | 3.95% |
36 month interest rate | 3.95% |
Minimum Opening Deposit | $500 |
Government guarantee | Yes |
Eligibility
Joint account availability | No |
Min Deposit | $500 |
Available to children | No minimum age |
Your reviews
Alison Finder
Editor
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Sarah Megginson Finder
July 13, 2023
Hi Ian,
The minimum term deposit period is 3 months, at the moment this bank doesn’t offer a monthly return.
You can search and compare a range of term deposits here, and filter the options to “1 month” if you’d like an option for monthly returns:
https://www.finder.com.au/term-deposits
Hope this helps!
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Ian
June 13, 2023
do you do a monthly return