AMP Bank Launches Market-Leading Term Deposit Rates for 2025

AMP Bank has set a strong tone for 2025 with the announcement of market-leading term deposit (TD) rates, offering some of the highest returns available for Australian investors. This move not only underscores AMP’s commitment to competitive offerings but also highlights the ongoing shifts in the financial landscape as Australians gear up for the new year.

AMP Bank’s New Top Rates

AMP Bank now boasts a six-month term deposit rate of 5.15% p.a. for deposits of $25,000 or more—the highest six-month rate available nationwide. Additionally, AMP’s three-month term deposit rate of 5.00% p.a. overtakes competitors like Judo Bank and Heartland Bank, both offering 4.95% p.a.

These market-leading rates make AMP an attractive option for savers seeking short-term investment opportunities in a volatile economic environment.

Key Updated Rates Include:

• Three months: 5.00% p.a. for deposits over $25,000 (+0.10%)
• Six months: 5.15% p.a. for deposits over $25,000 (+0.15%)
• Nine months: 5.05% p.a. for deposits over $25,000 (-0.05%)
• Two years: 4.50% p.a. for deposits over $25,000 (+0.30%)

While rates on some longer-term deposits have slightly decreased, the upward movement in shorter-term options reflects increased competition among banks as they vie for deposits in the post-holiday period.

AMP Bank new term deposit rates

What This Means for Borrowers

Higher term deposit rates might leave mortgage holders wondering if rate cuts from the Reserve Bank of Australia (RBA) are further away. However, experts suggest that these increases are influenced by seasonal factors, such as heightened demand for savings products after Christmas, rather than a direct response to RBA policy predictions.

As of January 2025, market sentiment still points to a potential rate cut as early as February, though May remains a popular forecast among economists. For borrowers, this means that refinancing options and fixed-rate loans could still be worth exploring to lock in favorable terms ahead of any significant RBA changes.

Explore Your Investment and Lending Options

At Vantage Loans, we help clients make sense of the shifting financial landscape. Whether you’re a saver looking to capitalize on higher deposit rates or a borrower planning your next move in a changing rate environment, our team of experts is here to guide you.

Contact us today at 1800 595 500, email [email protected], or visit vantagefinancial.com.au to explore customized solutions for your financial goals.