In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
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Australian Military Bank Investment Plus

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Australian Military Bank Investment Plus
Interest rate 6 months interest rate
Up to 4.8% p.a.
Minimum opening deposit
$1,000

Summary

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.

Pros

  • Guaranteed return on investment
  • Standard minimum investment amount
  • Interest paid at maturity and annually

Cons

  • Only available for members

In this guide

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

Details

Key details

Product Name Australian Military Bank Investment Plus
3 month interest rate 3.50%
4 month interest rate 3.50%
6 month interest rate 4.80%
7 month interest rate 4.80%
9 month interest rate 4.80%
12 month interest rate 4.80%
24 month interest rate 3.95%
36 month interest rate 3.95%
Minimum Opening Deposit $1,000
Minimum age requirement 18
Government guarantee Yes

Eligibility

Minimum Age Requirement 18
Joint account availability No
Min Deposit $1,000
Available to children Not available for children

Congratulations, Australian Military Bank!

Australian Military Bank Investment Plus received the highly commended award for 'Term Deposit (12 months)' in the 2024 Banking Product Awards.

Full list of 2024 winners

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 four months earns 3.5% p.a. Term deposits of six to eight months earns 4.8% p.a. If you open a 12 months deposit you'll earn 4.8% 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.

Your reviews

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Ask a question

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Alison Finder

Editor

Hi there, looking for more information? Ask us a question.

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EARLY WITHDRAWAL OF TERM DEPOSIT & FEES

January 28, 2024

What are the penalties of an early withdrawal and fees associated with a 6 month term deposit.


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Sarah Megginson Finder

March 25, 2024

Hi June,


We have reviewed the PDS, which states: You may request an early redemption of your deposit before the term has ended but if granted, interest will be paid at a reduced rate from the date of deposit to the day prior to withdrawal. The reduced rate will be as decided by us from time to time and is currently the S1 Access account interest rate.


Hope this helps!


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