On becoming a member of our bank, you're not just a customer, you're an owner!
Term deposit with interest paid fortnightly or monthly is optionally available for terms of 3 months or longer at a rate of 0.10% pa below the published rate. Interest is calculated on a per annum basis. For term deposit of $1m and over, rates are by negotiation and subject to acceptance.
| Terms | Under $5,000 no new deposits |
$5,000 - $99,999.99 |
$100,000 - $249,999.99 |
$250,000 - $999,999.99 |
| 3 months | 1.80% p.a. | 3.70% p.a. | 3.75% p.a. | 3.80% p.a. |
| 4 months | 1.80% p.a. | 3.75% p.a. | 3.80% p.a. | 3.85% p.a. |
| 5 months | 1.80% p.a. | 3.90% p.a. | 3.95% p.a. | 4.00% p.a. |
| 6 months | 1.95% p.a. | 4.15% p.a. | 4.20% p.a. | 4.25% p.a. |
| 7 months | 1.95% p.a. | 4.35% p.a. | 4.40% p.a. | 4.45% p.a. |
| 8 months | 1.95% p.a. | 4.20% p.a. | 4.25% p.a. | 4.30% p.a. |
| 9 months | 1.95% p.a. | 4.70% p.a. | 4.75% p.a. | 4.80% p.a. |
| 10 months | 1.95% p.a. | 4.30% p.a. | 4.35% p.a. | 4.40% p.a. |
| 11 months | 1.95% p.a. | 4.35% p.a. | 4.40% p.a. | 4.45% p.a. |
| 12 months | 2.15% p.a. | 4.60% p.a. | 4.65% p.a. | 4.70% p.a. |
| 13-15 months | 2.15% p.a. | 3.90% p.a. | 3.95% p.a. | 4.00% p.a. |
| 16-18 months | 2.15% p.a. | 3.90% p.a. | 3.95% p.a. | 4.00% p.a. |
| 19-21 months | 2.15% p.a. | 3.90% p.a. | 3.95% p.a. | 4.00% p.a. |
| 22-24 months | 2.15% p.a. | 3.90% p.a. | 3.95% p.a. | 4.00% p.a. |
| 25-30 months | 2.15% p.a. | 3.70% p.a. | 3.75% p.a. | 3.80% p.a. |
| 31-36 months | 2.15% p.a. | 3.70% p.a. | 3.75% p.a. | 3.80% p.a. |
If you’re a new customer, you will need to become a member with Australian Mutual Bank first (please fill out our Online Membership Application Form). Once this is done you can call us on 13 61 91, or visit one of our branches and apply in person for a Term Deposit account. A list of branch locations can be found here.
If you’re an existing member, to create a Term Deposit, please fill out this online form, call us on 13 61 91, or visit one of our branches and apply in person. A list of branch locations can be found here.
Different Terms available at request
Interest will be credited at maturity and annually for terms over 12 months. Terms greater than 3 months can be paid monthly or fortnightly at a rate of 0.10% p.a. below the published rates. Interest will only be compounded to the principal at maturity. Interest payments made other than on maturity will be credited to an allocated savings account or transferred electronically to a previously agreed external account.
Early redemption rate: 0.05%
