Finty

AMB Bank Teen Plus

34 termsFixed rate

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

Written byDavid Boyd

5.45%

a year, up to, for 6 months

Minimum deposit
$500
Maximum deposit
Not published
Terms offered
34

Rates by term

TermInterest paidRate a year
3 monthsAt maturity4.30%
4 monthsAt maturity4.30%
5 monthsAt maturity4.30%
6 monthsAt maturity5.45%
7 monthsAt maturity5.40%
8 monthsAt maturity4.30%
9 monthsAt maturity5.35%
10 monthsAt maturity4.30%
11 monthsAt maturity4.30%
1 yearAt maturity5.40%
13 monthsYearly3.55%
14 monthsYearly3.55%
15 monthsYearly3.55%
16 monthsYearly3.55%
17 monthsYearly3.55%
18 monthsYearly3.55%
19 monthsYearly3.55%
20 monthsYearly3.55%
21 monthsYearly3.55%
22 monthsYearly3.55%
23 monthsYearly3.55%
2 yearsYearly3.55%
25 monthsYearly3.20%
26 monthsYearly3.20%
27 monthsYearly3.20%
28 monthsYearly3.20%
29 monthsYearly3.20%
30 monthsYearly3.20%
31 monthsYearly3.20%
32 monthsYearly3.20%
33 monthsYearly3.20%
34 monthsYearly3.20%
35 monthsYearly3.20%
3 yearsYearly3.20%

Deposit amount on every term: From $500.

How it compares

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

1 year rate

5.40%

A typical 1 year rate is 5.25%.

Minimum deposit

$500

A typical minimum is $2,000.

Pros and cons

Pros

  • A higher rate. 5.40% for 1 year, above the typical 5.25%, so your money earns more over the term.
  • A low minimum. You can start with $500.
  • Plenty of terms. 34 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.