AMP adds term deposits

AMP has teamed up with Heartland Bank to provide term deposits to its offering. It says TDs are a natural accompaniment to KiwiSaver, providing members with an additional option for managing their investments.

AMP Wealth Management managing director Jeff Ruscoe says although many of AMPs members are choosing to continue with KiwiSaver after turning 65 in order to maintain those returns, they can now also choose to place their funds in term deposits to further protect their money and benefit from a fixed return for a set period.

“The introduction of terms deposits to our product offering represents our commitment to deliver great retirement outcomes to our customers, many of whom are extending their financial journey with us well beyond retirement age. Term deposits add another key option for our customers to manage their savings and investments with AMP. It’s also about us putting what our customers need and are asking for at the heart of what we do.”

Heartland Bank general manager, retail, Keira Billot, says Heartland Bank’s 150 year history in New Zealand alongside their strong customer focus and digital approach aligns well with AMP’s goals and values.