AMP Banking
Deposits
Contents
Features at a glance 3 Cash Management Account 4 Investment Builder Account 6
eASYSAVER 8
Term Deposits 10
The complete banking solution 12 How to open an account 14
Just what you’re after
At AMP Banking we will provide you
with the services that help you manage
your money how you want.
Need ready access to your money?
Our Cash Management Account is just
what you’re after.
Happy to put your money away for
a higher interest rate? Check out our
Term Deposit options.
Or, for something in between, keep your
money at call with an Investment Builder
or eASYSAVER account.
Features at a glance
Cash Investment eASYSAVER Term Management Builder Deposits Account Account
Flexible At call Online Great everyday savings savings returns account account account
Minimum opening balance $200 $500 $0 $5000 Access Card
✓
(ATM & EFTPOS Access) Cheque book✓
Electronic✓
✓
✓
deposits (Accounts in same name only)Electronic
✓
✓
✓
withdrawals (to registered account only) BankNet and✓
✓
✓
✓
BankPhone access (to check account details only)You’re in charge
Cash Management Account
The Cash Management Account is just that – a day-to-day working account that’s managed by you, not your bank. You control the way you use it. There’s no need to open a different account every time your banking needs change. It can be used as a savings or an investment account, and with an account opening deposit of just $200 it’s easy to get started.
Accessing your money is easy. You can choose to have a cheque book and an Access Card. Your Access Card gives you ATM and EFTPOS access throughout Australia, and around the world wherever you see the Cirrus Maestro™ logo displayed. Use BankNet and BankPhone to check your account balance, transfer funds and arrange bill payments, 24 hours, 7 days a week, bank fee-free.
Depositing your money is easy too. Either call into any branch of Australia Post*to deposit both cheques and cash, or mail your cheque free of charge to AMP Banking.
* Personal customers only.
I want…
• To choose how I run my finances • Good rates for the money I save
• Easy access to my money 24 hours, 7 days through BankNet and BankPhone
Choose your Fee Plan
If you’re a personal customer and are likely to make a lot of ATM, EFTPOS or cheque transactions, the $10 monthly fee makes sense. When you pay $10 per month you receive a rebate of $10 worth of transactions charged at a cheaper rate. Or, if you don’t make many transactions in a month, you might find it’s easier to pay for your transactions as you go and pay no monthly fee. You decide. And, you can change your fee plan for the following month if you need to. Just call us.
Benefits to you
• Flexible day-to-day account • Easy to access
• Competitive interest calculated daily on the full closing balance, paid monthly
• Interest rates are tiered so the greater your balance, the more interest you’ll earn
• Bpay®, funds transfers and balance enquiries are bank fee-free using BankPhone or BankNet
Build your investment
while you save
Investment Builder Account
Our Investment Builder Account lets you add to your savings at any time. Interest is calculated daily and paid monthly on the full closing balance. So, you’ll earn a competitive rate that moves with market trends. Check our website
amp.com.au/banking for our latest rates.
As your investment grows, so does the interest you earn. This is an excellent incentive to maintain your savings, and you’re not locked in should your circumstances change. The minimum account opening deposit is just $500. After that you can deposit as much or as little as you like. To make a deposit you can either send us a cheque, direct debit from another bank account or transfer funds by phone. You can transfer money to another person or another account and arrange bill payments using BankNet or BankPhone. But, because this account is about saving, there is no cheque, ATM or EFTPOS access to tempt you away from your goals!
What’s more, you’ll save money because there are no monthly account fees to pay.
I want…
• A great interest rate on my savings • Money available when I want it
• To be able to add to my savings whenever I want • Easy access to my money 24 hours, 7 days through
BankNet and BankPhone
• Bank fee-free BPAY®, funds transfers and balance enquiries using BankPhone and BankNet
Benefits to you
• Funds available at call• Competitive tiered interest rates paid on full closing balance
• Arranging bill payments, transferring funds and balance enquiries are bank fee-free using BankPhone and BankNet
eASYSAVER
High interest earning online account
eASYSAVER is designed specifically for personal customers who are Internet users, and offers one of the highest ‘at call’ rates of all our savings accounts. Whether you’re saving for a special goal, or have a lump sum that you want to earn extra interest on in the short term, eASYSAVER is the account for you.The benefits of eASYSAVER are clear and simple -competitive interest rates and the convenience of Internet banking. Make deposits by cheque (payable to AMP Bank Limited) through the post, by direct credit or transferring funds from another AMP Banking account.
Withdraw your money by making a transfer to your AMP Banking account or any other bank account you have registered with us through BankNet or BankPhone (this account must be in the same name as your eASYSAVER Account).
There is no minimum opening balance or monthly account fees.
I want…
• Easy access through the Internet 24 hours, 7 days • A great interest rate on my savings
• To be able to add as little or as much to my savings as I like
Benefits to you
• Easy to open, easy to use• Competitive high interest calculated daily on the full closing balance, paid monthly
• BankNet and BankPhone access • No minimum deposits or withdrawals • No monthly account fees to pay
• Funds transfers and balance enquiries are bank fee-free using BankPhone or BankNet
You choose the term,
we ensure the return
Term Deposits
Choose from 30 days to 5 years or any length in between.
Interest payments are also flexible. For terms of 1 year or more, we’ll pay your interest monthly, quarterly, 6 monthly or annually – you decide.*
Have your interest added to your investment and reinvested for another term or paid directly to your registered bank account. For terms of 1 year or less, your interest is paid at maturity. There are no monthly account fees. Service fees apply to withdrawals by telegraphic transfer and bank draft.
* A lower interest rate applies for interest payments other than annual.
I want…
• To earn a fixed interest rate on my investment • To choose the term of my deposit
• To choose how my interest is paid to me • No monthly account fees
We’ll keep you in the picture
We’ll send you a Deposit Confirmation Letter as soon as we process your application.
At maturity you have a number of options. Put your money away for another term, withdraw part of it and put the rest away again or have it paid back to you with interest. If you’re undecided at the end of the term why not put your money at call in an eASYSAVER Account and earn interest while you decide.
We’ll contact you before your investment matures so that you have time to decide what to do next.
The complete banking solution
Direct Banking Option Description Access BankNet Internet banking By any Internet amp.com.au/banking that allows you connected
to transfer funds, computer get account 24 hours a day, histories, BPAY®, 7 days a week.
secure messaging and more.
BankPhone Automated touch Call 13 30 30, 13 30 30 tone banking - 24 hours a day,
simple, everyday 7 days a week. transactions are
at your fingertips using your phone.
BankAssist Help with queries By using any
13 30 30 or complex telephone
transactions from 8am on the phone by (E.S.T.) til talking to one of us. 10.30pm,
7 days a week.
Open all hours
Banking 24 hours a day, 7 days a week is easy and
convenient with BankNet and BankPhone. You'll save
time, hassles and money with a range of great
features like: Bpay®, funds transfer to anyone,
account information, and more. If you require
personal assistance, BankAssist is there for you.
AMP Banking has a range of products
designed to complement your savings goals.
Be rewarded
There are advantages to using an AMP Credit Card to pay for most of your purchases. Pay off your Credit Card balance each month directly from your Cash Management Account or your Investment Builder Account. By taking advantage of 55 days interest-free on your Credit Card, you’ll save on fees and earn interest on your savings account at the same time. You’ll also earn valuable reward points on your Credit Card. Visit www.amp.com.au/creditcards to apply.
Home Loans to suit your needs
Saving to buy a home? Refinancing? Buying an investment property? Whatever your needs we have a home loan solution to suit you. Choose between fixed, variable interest, or a line of credit. OR, a combination of these… it’s your choice.
Next steps
To open a new account with AMP Banking simply follow these steps:
1. Complete an application form.
2. Provide the minimum deposit for the account you’re opening.
3. For Cash Management Accounts and Investment Builder Accounts - if you’re a new AMP Banking customer we are required by law to verify your identity. See how to do this in “Getting identified” below. If you’re an existing customer who has already been identified, you can send your application to us with your cheque.
4. For Term Deposit and eASYSAVER Accounts, send your application with your cheque (made payable to AMP Bank Ltd) to us in the Reply Paid envelope, or visit your AMP Adviser or Financial Planner.
Getting identified
The Financial Transactions Reports Act 1988 requires AMP Banking to identify the signatories of our Cash Management and Investment Builder Accounts. You must provide identification totalling 100 points, such as a passport or birth certificate (70 points), Australian drivers licence (40 points), credit card (25 points), Medicare card (25 points). There are additional requirements for companies, businesses and trusts. Call us on 13 30 30.
Here are the ways you can be identified:
1. At Australia Post* (where the GiroPost symbol is shown). They’ll need your application, cash or cheque and will sight your identification documents. If it’s a joint account, then both of you will need to be identified.
OR
2. Your AMP Adviser or Financial Planner. Take your application, cheque and identification documents to an AMP Financial Planner.
OR
3. Acceptable Referee. If you’d like to mail your application or there are many signatories to be identified, then each of you can be identified by an Acceptable Referee who has known you for at least 12 months. Examples of Acceptable Referees are Accountants, Dentists, Justices of the Peace, Solicitors or Medical Practitioners.
*Accounts opened with cash can only be made at Australia Post offices. Applies to personal customers only.
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Contact us
BankNet www.amp.com.au/banking BankPhone 13 30 30 24 hours, 7 days BankAssist 13 30 308am (E.S.T) til 10.30pm, 7 days BankFax 1300 555 503 Email info@ampbanking.com.au Mail Reply Paid 61178,
AMP Banking Royal Exchange, NSW 1224
