The Finance Algorithm
AMB Bank Product logoAMB Bank Product

Teen Plus

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

Term depositsBank updated 5 Nov 2026
Product page ↗Fees and pricing ↗Terms ↗

At a glance

Best rate
5.45% for 6m
12 months
5.40%
Min deposit
$500

Rates

Every rate AMB Bank Product publishes for this term deposit, 34 in all.

Its best rate at each term

  1. 3 motypical 4.60%4.30%
  2. 4 mo4.30%
  3. 5 mo4.30%
  4. 6 motypical 5.10%5.45%
  5. 7 mo5.40%
  6. 8 mo4.30%
  7. 9 mo5.35%
  8. 10 mo4.30%
  9. 11 mo4.30%
  10. 1 yrtypical 5.30%5.40%
  11. 13 mo3.55%
  12. 14 mo3.55%
  13. 15 mo3.55%
  14. 16 mo3.55%
  15. 17 mo3.55%
  16. 18 mo3.55%
  17. 19 mo3.55%
  18. 20 mo3.55%
  19. 21 mo3.55%
  20. 22 mo3.55%
  21. 23 mo3.55%
  22. 2 yrstypical 4.90%3.55%
  23. 25 mo3.20%
  24. 26 mo3.20%
  25. 27 mo3.20%
  26. 28 mo3.20%
  27. 29 mo3.20%
  28. 30 mo3.20%
  29. 31 mo3.20%
  30. 32 mo3.20%
  31. 33 mo3.20%
  32. 34 mo3.20%
  33. 35 mo3.20%
  34. 3 yrstypical 4.25%3.20%
This term depositTypical institution's best for the term
TypeApplies toTermBandRateComparisonConditions
Fixed-10 mo$500+4.30%-paid every 10 mo
Fixed-11 mo$500+4.30%-paid every 11 mo
Fixed-1 yr$500+5.40%-paid at maturity; paid every 1 yr
Fixed-13 mo$500+3.55%-paid every 1 yr
Fixed-14 mo$500+3.55%-paid every 1 yr
Fixed-15 mo$500+3.55%-paid every 1 yr
Fixed-16 mo$500+3.55%-paid every 1 yr
Fixed-17 mo$500+3.55%-paid every 1 yr
Fixed-18 mo$500+3.55%-paid every 1 yr
Fixed-19 mo$500+3.55%-paid every 1 yr
Fixed-20 mo$500+3.55%-paid every 1 yr
Fixed-21 mo$500+3.55%-paid every 1 yr
Fixed-22 mo$500+3.55%-paid every 1 yr
Fixed-23 mo$500+3.55%-paid every 1 yr
Fixed-2 yrs$500+3.55%-paid every 1 yr
Fixed-25 mo$500+3.20%-paid every 1 yr
Fixed-26 mo$500+3.20%-paid every 1 yr
Fixed-27 mo$500+3.20%-paid every 1 yr
Fixed-28 mo$500+3.20%-paid every 1 yr
Fixed-29 mo$500+3.20%-paid every 1 yr
Fixed-3 mo$500+4.30%-paid every 3 mo
Fixed-30 mo$500+3.20%-paid every 1 yr
Fixed-31 mo$500+3.20%-paid every 1 yr
Fixed-32 mo$500+3.20%-paid every 1 yr
Fixed-33 mo$500+3.20%-paid every 1 yr
Fixed-34 mo$500+3.20%-paid every 1 yr
Fixed-35 mo$500+3.20%-paid every 1 yr
Fixed-3 yrs$500+3.20%-paid every 1 yr
Fixed-4 mo$500+4.30%-paid at maturity; paid every 4 mo
Fixed-5 mo$500+4.30%-paid every 5 mo
Fixed-6 mo$500+5.45%-paid every 6 mo
Fixed-7 mo$500+5.40%-paid at maturity; paid every 7 mo
Fixed-8 mo$500+4.30%-paid at maturity; paid every 8 mo
Fixed-9 mo$500+5.35%-paid every 9 mo

Rate changes

6 changes logged, newest first.

DateRateWasNowChange
21 Oct 2026Fixed, 10 mo, $500+4.00%4.30%up 0.30
21 Oct 2026Fixed, 11 mo, $500+4.00%4.30%up 0.30
21 Oct 2026Fixed, 1 yr, $500+3.60%5.40%up 1.80
21 Oct 2026Fixed, 6 mo, $500+4.00%5.45%up 1.45
21 Oct 2026Fixed, 7 mo, $500+4.40%5.40%up 1.00
21 Oct 2026Fixed, 9 mo, $500+4.30%5.35%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.

When you make a transaction1

  • Early Withdrawal Break Costs

    <20% of term remaining = interest rate reduction 20% 20% - 40% of term remaining = interest rate reduction 40% 40% - 60% of term remaining = interest rate reduction 60% 60% - 80% of term remaining =…

    20.00% of interest accrued

When particular things happen5

  • Audit Certificate Fee
    $50
  • Member requested paper statement collected at branch
    $2.50
  • Member requested paper statements posted
    $5
  • Member requested paper statements
    $2
  • Retrieval of member documents from archives
    From $50

Features

Digital banking

Eligibility and limits

  • Maximum age 18
  • Residency: Citizens or permanent residents of Australia.
  • Minimum balance $500

Published by Australian Military Bank under the Consumer Data Right, last changed by them on 5 Nov 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.