AMP Limited : AMP Bank awarded Bank of the Year 2012

28 May 2012

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AMP Bank awarded Bank of the Year 2012

AMP Bank has won the highly competitive Bank of the Year 2012 award in Your Mortgage magazine's annual Mortgage of the Year Awards.
The consistent production of high quality home loans won AMP Bank gold for overall 'best bank', along with four other product medals:

• Gold Medal - Best Bank 3 Year Fixed Rate Home Loan

• Silver Medal - Best Bank 1 Year Fixed Rate Home Loan

• Silver Medal - Best Bank Introductory Home Loan

• Silver Medal - Best Bank Basic Variable Home Loan

AMP Bank Chief Operating Officer Rob Slocombe credits the bank's success with listening to customers and distributors and creating products to suit their needs.
"We've worked hard to give our customers home loans with features they want at a competitive price. Over the past 12 months we've refreshed our product range, introduced a new low cost variable rate home loan and had a greater focus on creating competitive pricing for fixed and variable rate loans.
"In 2011, we just missed out on the top spot for the Bank of the Year award, so we're thrilled to have won this year. It demonstrates that AMP Bank is a real alternative to the major banks and we will continue to adapt our offerings to the needs of our customers," Mr Slocombe said.
The product that took out the gold medal was the AMP Bank 3-Year Fixed Rate Home Loan. With an initial interest rate of 5.99 per cent per annum (6.18 per cent per annum comparison rate), the product then rolls into a competitive 6.57 per cent per annum rate after three years.
This product also allows for up to $10,000 per year in additional repayments at no extra cost, along with the option to pay interest only. An LVR maximum of 90 per cent with LMI, or 80 per cent without, provides a compelling offer for those looking to borrow at least $250,000.
The AMP Bank Basic Variable Rate Home Loan won a silver medal in the Best Basic Variable

AMP Bank Limited

33 Alfred Street Sydney NSW Australia ABN 15 081 596 009 AFSL 234517

AMP Bank awarded Bank of the Year 2012/ 2

category. The product boasts a 6.27 per cent headline rate, backed up by a 6.34 per cent comparison rate. This product includes such features as unlimited additional mortgage repayments,
100 per cent offset and unlimited redraws.
To find out more about the Bank of the Year award, visit the Your Mortgage magazine site. To find out more about AMP Bank, visit www.amp.com.au/banking or call 13 30 30.

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