Australian Military Bank updates Investment Plus (7 months) to 5.20%
Australian Military Bank has increased the rate on its Investment Plus (7 months) term deposit by 50 basis points to 5.20% p.a., from a previous rate of 4.70%.
Australian Military Bank
Investment Plus (7 months)
New Rate
5.20%
Illustrative Example
For illustrative purposes, a $50,000 term deposit at 5.20% p.a. would earn approximately $2,600 over 12 months. This change represents $250 more in interest per year.
Market Context
This rate of 5.20% is above the current market average of 4.89% across 31 tracked term deposit products. The current market leader offers 5.40%.
Notes
Australian Military Bank increased term deposit rate by 0.50% to 5.2%
⚠️ General information only
This comparison is for informational purposes only and does not constitute financial advice. Always verify current rates and eligibility directly with the provider before making decisions. Consider whether products are appropriate for your circumstances.