RSL Money Member Income Plus
10 termsFixed rate
As part of our ongoing commitment to the Returned & Services League of Australia, Australian Military Bank is proud to offer Sub Branch members and their spouses an exclusive offer on our Term Deposits. Receiving bonus interest on your investment, you can be sure that Australian Military Bank’s Term Deposits are reliable and secure. Make a regular income on your savings with interest paid monthly.
- Minimum deposit
- $1,000
- Maximum deposit
- Not published
- Terms offered
- 10
Rate a year, up to
For 6 months
Rates by term
| Term | Interest paid | Rate a year |
|---|---|---|
| 3 months | Monthly | 4.30% |
| 4 months | At maturity | 4.30% |
| 5 months | At maturity | 4.30% |
| 6 months | At maturity | 5.45% |
| 7 months | At maturity | 5.40% |
| 8 months | At maturity | 4.30% |
| 9 months | At maturity | 5.35% |
| 10 months | At maturity | 4.30% |
| 11 months | At maturity | 4.30% |
| 1 year | At maturity | 5.40% |
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
5.40%
A typical 1 year rate is 5.25%.
Minimum deposit
$1,000
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.
- 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.
- Rate a year
- 5.40%
- Minimum deposit
- $5,000
- Rate a year
- 5.40%
- Minimum deposit
- $1,000
- Rate a year
- 5.40%
- Minimum deposit
- $1,000
