Briefs: New head of AMP Bank, more investor loan rate increases, term deposit volumes rise, and more 28 August 2015 4:26PM Banking Day staff Briefs, AMP has appointed Sally Bruce as managing director of AMP Bank, replacing Michael Lawrence who is leaving the business. Bruce is moving from National Australia Bank, where she was the chief financial officer of business and personal banking. She also worked as general manager mortgages at NAB. Bendigo Bank and ME have announced changes to their residential investor loan rates that will take effect next month. Bendigo Bank will increase the standard variable rate on its residential investment loan by 20 basis points "to address recent industry-wide concerns regarding residential investment lending." Bendigo's residential investment package rate will also increase by 20 bps. ME will increase its rate for residential investors by 40 bps for new borrowers, with the investor package rate rising by 36 bps for new borrowers. ME's existing investor borrowers will pay 41 bps more. There is talk Telstra has put its transactional banking up for tender after a reasonably long stint with Westpac, according to the AFR's Street talk section. National Australia Bank and Commonwealth Bank of Australia are said to have large teams of people, including "some pretty senior executives" working on their pitches, while Westpac is keen to get another stint with the telecommunications giant. Banking analysts said it was a lucrative account but the real value may be in what it brings into the bank's corporate and funding departments. The flow of retail deposit volumes from on call accounts to term deposits is accelerating, according to East & Partners latest Deposit Funding and Debt Index. The index shows term deposits account for 86.2 per cent of total retail deposit volume, following a steady increase from a low point of 69.8 per cent in 2012. Competition remains relatively high, because banks consider term deposits very 'sticky'. In contrast, on call deposits exhibit a high level of churn. Fully 56.6 per cent of retail customers plan to switch their on call deposit provider in the coming month, with the rate differential required to switch falling to a mere +0.007 per cent, according to East. At 30 June 2015, total assets of Australian securitisers were A$140.4 billion, up $0.5 billion (0.3 per cent) on their value as at 31 March 2015. The June quarter rise in total assets was due to an increase in residential mortgage assets (up $1.3 billion, or 1.2 per cent) and cash deposits (up $0.4 billion, or 11.3 per cent). This was partially offset by decreases in other loans (down $1.0 billion, 5.6 per cent), based on analysis by the Australian Bureau of Statistics. Residential and non-residential mortgage assets ($117.6 billion) accounted for 83.8 per cent of total assets during the quarter.