Income Plus

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

Term depositsBank updated 21 Oct 2026

Apply at Australian Military Bank ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Best rate: 5.35% for 6m
12 months: 5.30%
Min deposit: $1,000

How it compares

This term deposit in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

Typical 4.60%

1%1.5%2%2.5%3%3.5%4%4.5%5%

This term deposit: 4.20%Every other institution's highest, 54 in all

Best rate for 3 months. One dot per institution, at its highest 3-month term deposit rate anyone can apply for; hover or tap a dot for its name.

Rate	This term deposit	Best anywhere	Typical institution	Where it sits
3-month term depositBest rate for 3 months	4.20%	5.30%Heartland Bank's Broker Term Deposit	4.60%of 55 institutions	41st highest of 55
6-month term depositBest rate for 6 months	5.35%	5.47%Heartland Bank's Broker Term Deposit	5.10%of 63 institutions	7th highest of 63, level with 2 others
12-month term depositBest rate for 12 months	5.30%	5.75%Suncorp Bank's Term Deposit	5.30%of 65 institutions	27th highest of 65, level with 15 others

Rates

Every rate AMB Bank Product publishes for this term deposit, 10 in all.

Its best rate at each term

3 motypical 4.60%4.20%
4 mo4.20%
5 mo4.20%
6 motypical 5.10%5.35%
7 mo5.30%
8 mo4.20%
9 mo5.25%
10 mo4.20%
11 mo4.20%
1 yrtypical 5.30%5.30%

This term depositTypical institution's best for the term

Type	Applies to	Term	Band	Rate	Comparison	Conditions
Fixed	-	10 mo	$1,000+	4.20%	-	paid every 1 mo
Fixed	-	11 mo	$1,000+	4.20%	-	paid every 1 mo
Fixed	-	1 yr	$1,000+	5.30%	-	paid every 1 mo
Fixed	-	3 mo	$1,000+	4.20%	-	paid every 1 mo
Fixed	-	4 mo	$1,000+	4.20%	-	paid every 1 mo
Fixed	-	5 mo	$1,000+	4.20%	-	paid every 1 mo
Fixed	-	6 mo	$1,000+	5.35%	-	paid at maturity; paid every 1 mo
Fixed	-	7 mo	$1,000+	5.30%	-	paid every 1 mo
Fixed	-	8 mo	$1,000+	4.20%	-	paid every 1 mo
Fixed	-	9 mo	$1,000+	5.25%	-	paid at maturity; paid every 1 mo

Rate changes

6 changes logged, newest first.

Date	Rate	Was	Now	Change
21 Oct 2026	Fixed, 10 mo, $1,000+	3.90%	4.20%	up 0.30
21 Oct 2026	Fixed, 11 mo, $1,000+	3.90%	4.20%	up 0.30
21 Oct 2026	Fixed, 1 yr, $1,000+	3.50%	5.30%	up 1.80
21 Oct 2026	Fixed, 6 mo, $1,000+	3.90%	5.35%	up 1.45
21 Oct 2026	Fixed, 7 mo, $1,000+	4.30%	5.30%	up 1.00
21 Oct 2026	Fixed, 9 mo, $1,000+	4.20%	5.25%	up 1.05

Each change is logged the night it appears in the rates Australian Military Bank publishes. See how every lender answered the RBA on the rate tracker.

Fees

6 fees published, grouped by when they're charged.

While you hold it1

Paper statement fee (per statement)
$2 every 3 months

When particular things happen5

Audit Certificate Fee
Per audit certificate requested
$50
Copies of statements (over 12 months) at branch
per page
$5
Copies of statements (up to 12 months) at branch
per page
$2.50
Foreign Cheque encashment (<AU$5000)
$15
Foreign Cheque encashment (>AU$5000)
$50

Features

Digital banking

Eligibility and limits

Minimum age 18
Residency: Citizens or permanent resident of Australia
Minimum balance $1,000
Opening balance $1,000

Compare it with others

All term deposits Other Australian Military Bank term deposits Everything Australian Military Bank publishes

Put this product through a calculator

Published by Australian Military Bank under the Consumer Data Right, last changed by them on 21 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.