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Earn huge savings with AMP Banking Term Deposit Accounts
Wednesday September 16, 2009
AMP Banking Term Deposit Accounts awards its customers with a superior savings accounts option with great interest rates and high savings rewards, making it one of the most popular choices on the market. An AMP Banks Term Deposit Account offers high fixed interest rates with customers getting greater choices and flexibility than most other savings accounts.
Customers who select the AMP Bank Term Deposit Accounts option are able to customise their accounts details to their preferences. This includes choices from duration of the term deposit account and accordingly the rate of interest repaid.
How the AMP Bank Term Deposit Accounts operates is that AMP banks customers will place a substantial amount of savings into a term deposit account, selecting the duration of the account at this time. With the AMP Bank Term Deposit Accounts this time frame can range from as little as three months to five years.
The savings accounts are awarded interest rates as follows:
- 4.30% pa for 3 months
- 4.50% pa for 6 months
- 6.00% pa for 5 years
- The minimum opening balance for a new term deposit account with a duration between 30 and 89 days is $25,000
Customers can also cater their account to their needs with even more choices available, including the choice between having their interest paid monthly, quarterly, half yearly or annually if the term is more than one year. This interest can be paid into various accounts at the customers choosing with many AMP bank customers opting for their savings accounts rewards to be paid into either through transfer to a nominated account or reinvested with the customer's principal at interest
Other great features of the AMP Bank Term Deposit Account:
- No bank fees, making this savings accounts option even more beneficial and rewarding with customers earning high savings faster
- No penalties or fees when you need a partial withdrawal in case of emergencies
- Easy account access with the term deposit accessible through both phone and internet access
The AMP Bank Term Deposit savings accounts offer customers a great way to save while earning high interest with a competitive rate of return, to learn more compare savings accounts here
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