Finty

AMB Bank Income Plus

10 termsFixed rate

Make a regular income on your savings with interest paid monthly.

Written byDavid Boyd
Minimum deposit
$1,000
Maximum deposit
Not published
Terms offered
10

Rate a year, up to

For 6 months

Open account

Rates by term

TermInterest paidRate a year
3 monthsMonthly4.20%
4 monthsMonthly4.20%
5 monthsMonthly4.20%
6 monthsMonthly5.35%
7 monthsMonthly5.30%
8 monthsMonthly4.20%
9 monthsMonthly5.25%
10 monthsMonthly4.20%
11 monthsMonthly4.20%
1 yearMonthly5.30%

Deposit amount on every term: From $1,000.

How it compares

Against the other 1 year term deposits we compare. Typical means the middle half of them.

1 year rate

5.30%

A typical 1 year rate is 5.25%.

Minimum deposit

$1,000

A typical minimum is $2,000.

Pros and cons

Pros

  • Monthly interest. You can have interest paid each month, which suits living off the interest.
  • Plenty of terms. 10 terms to choose from, so you can match the term to when you'll need the money.

Cons

  • Your money is locked in. Taking it out early usually needs 31 days' notice and earns less interest.

Similar term deposits

Term deposits from other banks that pay a similar rate for the same term.