Savings account vs term deposit
Australian Military Bank Online Saver vs term deposit
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Interest over 1 year on $50,000
$2,550
5.10% a year, conditions met
$2,700
5.40% a year · paid at maturity
Over 1 year on $50,000, Australian Military Bank Online Saver pays $2,550 with its conditions met; Australian Military Bank's 12-month term deposit pays $2,700.
Worked out on $50,000 until you pick a balance
Australian Military BankOnline Saver
Australian Military BankTerm deposit
Figure by figure
Interest over 1 year
on $50,000
$2,550
with its conditions met
$2,700
paid at maturity
+$150 · More interest over the term
Interest over 1 year without meeting the conditions
on $50,000
$50
at the base rate
$2,700
no monthly conditions
Rate over the term
a year, on $50,000
5.10%
with its conditions met
5.40%
fixed for the term
+0.30 · Higher rate over the term
Asked of you each month
- No withdrawals
Nothing
the money stays put
Getting the money out
Any time
a withdrawal can cost that month’s bonus
Locked for 1 year
31 days’ notice to break it early, usually at a lower rate
Can the rate change?
Yes, at any time
the bank sets it
No
fixed for 1 year
Minimum to open
None
$1,000
Who can open it
Anyone 11 or over
Anyone
How they differ
- A savings rate can change at any time. Australian Military Bank Online Saver's figure holds today's rate for 1 year.
- A term deposit's rate is fixed for the term, but the money is locked in: breaking it early needs 31 days' notice and usually costs some of the interest.
- Both are covered by the Financial Claims Scheme, up to $250,000 per person at each bank. Money in both at Australian Military Bank shares that one $250,000.
Australian Military Bank Investment Plus at every term
The rate the balance above gets at each term, and the interest it pays over that term.
4 monthsPaid at maturity4.30%$717
5 monthsPaid at maturity4.30%$896
7 monthsPaid at maturity5.40%$1,575
8 monthsPaid at maturity4.30%$1,433
9 monthsPaid at maturity5.35%$2,006
10 monthsPaid at maturity4.30%$1,792
11 monthsPaid at maturity4.30%$1,971
1 yearPaid at maturity5.40%$2,700
13 monthsPaid at maturity3.55%$1,923
14 monthsPaid at maturity3.55%$2,071
15 monthsPaid at maturity3.55%$2,219
16 monthsPaid at maturity3.55%$2,367
17 monthsPaid at maturity3.55%$2,515
18 monthsPaid at maturity3.55%$2,663
19 monthsPaid at maturity3.55%$2,810
20 monthsPaid at maturity3.55%$2,958
21 monthsPaid at maturity3.55%$3,106
22 monthsPaid at maturity3.55%$3,254
23 monthsPaid at maturity3.55%$3,402
25 monthsPaid at maturity3.20%$3,333
26 monthsPaid at maturity3.20%$3,467
27 monthsPaid at maturity3.20%$3,600
28 monthsPaid at maturity3.20%$3,733
29 monthsPaid at maturity3.20%$3,867
30 monthsPaid at maturity3.20%$4,000
31 monthsPaid at maturity3.20%$4,133
32 monthsPaid at maturity3.20%$4,267
33 monthsPaid at maturity3.20%$4,400
34 monthsPaid at maturity3.20%$4,533
35 monthsPaid at maturity3.20%$4,667
3 yearsPaid at maturity3.20%$4,800
Term deposit
Australian Military Bank Investment Plus
Go to siteAll Australian Military Bank term depositsAs of 2 November 2026, over 1 year on $50,000, Australian Military Bank Online Saver pays $2,550 with its monthly conditions met; Australian Military Bank's 12-month term deposit pays $2,700 at 5.40%. Figures are the bank's published rates, worked out on the balance above as simple interest. Each row says which figure is higher; it doesn't say which one suits you.