The Finance Algorithm
AMB Bank Product

Income Plus

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

Term depositsBank updated 25 Aug 2026
At a glance
Best rate
4.30% for 7m
12 months
3.50%
Min deposit
$1,000
§ 01 — Rates · 10
TypeApplies toTermBandRateComparisonConditions
Fixed10 mo$1,000+3.90%paid every 1 mo
Fixed11 mo$1,000+3.90%paid every 1 mo
Fixed1 yr$1,000+3.50%paid every 1 mo
Fixed3 mo$1,000+4.20%paid every 1 mo
Fixed4 mo$1,000+4.20%paid every 1 mo
Fixed5 mo$1,000+4.20%paid every 1 mo
Fixed6 mo$1,000+3.90%paid at maturity; paid every 1 mo
Fixed7 mo$1,000+4.30%paid every 1 mo
Fixed8 mo$1,000+4.20%paid every 1 mo
Fixed9 mo$1,000+4.20%paid at maturity; paid every 1 mo
§ 02 — Fees · 6
FeeTypeAmountWhenNotes
Audit Certificate FeeEvent$50Per audit certificate requested
Copies of statements (over 12 months) at branchEvent$5per page
Copies of statements (up to 12 months) at branchEvent$2.50per page
Foreign Cheque encashment (<AU$5000)Event$15
Foreign Cheque encashment (>AU$5000)Event$50
Paper statement fee (per statement)Periodic$2Every 3 mo
§ 03 — Features
Digital banking
§ 04 — Eligibility & limits
  • · Minimum age 18
  • · Residency: Citizens or permanent resident of Australia
  • · Minimum balance $1,000
  • · Opening balance $1,000

Published by Australian Military Bank under the Consumer Data Right, last changed by them on 25 Aug 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.