Term deposits · Side by side

AMP GO vs ING

Each bank at its highest rate for your choices, whichever of its deposits that is.

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Interest on $50,000 for 1 year
$2,775
5.55% a year · paid at maturity · AMP Bank GO 12 Month Term Deposit
$2,650
5.30% a year · paid at maturity

AMP GO pays $125 more over 1 year than ING.

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$50,000 until you say otherwise. Interest at each bank's rate for that amount, simple interest over the term. The government guarantee (the Financial Claims Scheme) covers up to $250,000 per person at each bank.

AMP GOAMP GO
INGING
The deposit behind the figures
AMP Bank GO 12 Month Term Deposit
1 year · interest paid at maturity
Personal Term Deposits
1 year · interest paid at maturity
Interest rate
a year, on $50,000
5.55%
0.25 points higher · Higher rate
5.30%
Interest over the term
on $50,000 for 1 year
$2,775
$125 more · More interest
$2,650
How interest can be paid
at 1 year
At maturity
At maturity
Who gets the rate
Anyone opening one
Anyone opening one
Deposit amounts
this deposit, every band
$5,000 or more
$10,000–$5,000,000
Breaking it early
Not described in the bank’s data. Usually 31 days’ notice, at a lower rate.
Not described in the bank’s data. Usually 31 days’ notice, at a lower rate.
Terms offered
6 months to 1 year
3 months to 2 years

Every term

The highest rate each side has at each term on $50,000, with the interest it pays.

3 months
—
Not offered
5.05%
$631
6 months
5.30%
$1,325 · AMP Bank GO 6 Month Term Deposit
0.10 points higher · Higher rate, 6 months
5.20%
$1,300
9 months
—
Not offered
5.10%
$1,912
1 year
5.55%
$2,775 · AMP Bank GO 12 Month Term Deposit
0.25 points higher · Higher rate, 1 year
5.30%
$2,650
2 years
—
Not offered
5.25%
$5,250

Rates over time

The 1 year rate above, a cell a week. A move shows as ▲ or ▼ in the week it happened.

AMP GO · AMP Bank GO 12 Month Term Deposit
Go to siteEvery AMP GO term deposit

As of 26 October 2026, on $50,000 for 1 year, AMP GO pays $2,775 at 5.55% on its AMP Bank GO 12 Month Term Deposit; ING pays $2,650 at 5.30%. Rates are the banks' own, published through Open Banking, at the amount above. Each row says which figure is higher; it doesn't say which deposit suits you.

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