Members of AMP’s super products will be able to add term deposits to their investment options.
AMP director of Wealth Management Products, Andrew Hobert announced the extension of the offering this week saying they reflected increased customer demand.
“Our existing term deposits have proved popular and now we want to meet increased customer demand for longer term deposits in an uncertain market,” he said.
Hobert said the three or five year AMP Term Deposit investment option was designed for customers who were concerned about potentially fluctuating interest rates during that timeframe.
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