![]() Highlights of AMP's term deposit increases include: With this increase announced Friday, AMP now offers one of the most competitive 12-month term deposit rates available to customers.Īcross AMP's range of deposits, the m inimum deposit required is $5,000 and interest is payable at the end of term. ![]() Business Notice Term Deposit 48 months, paid annually: 210 basis point increase to 2.25%.įollowing on from its decision to increase term deposit rates last week, AMP went one better this week increasing term deposit rates by up to 75 basis points.Business Notice Term Deposit 12 months, paid annually: 110 basis point increase to 1.25%.Advance Notice Term Deposit, 48 months, paid annually: 45 basis point increase to 2.25%. ![]() Advance Notice Term Deposit 12 months, paid annually: 60 basis point increase to 1.25%.Highlights of ANZ's term deposit increases include: The big-four bank increased rates across its Advanced Notice term deposit products for both retail and business customers by up to 210 basis points.ĪNZ's range of Advance Notice term deposits require a $5,000 minimum deposit and a 31-day notice period if you choose to withdraw your funds prior to maturity. In the past week, ANZ, AMP, Australian Unity and Bendigo Bank all increased term deposit rates, while Judo Bank took the alternate route. ![]() Banks continue to lift the lid on term deposits, offering attractive rates for customers looking to stash away their cash as an alternative to savings accounts. ![]()
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