The invention discloses a synthesis method for terpolymer block silicone oil. The synthesis method is characterized by comprising the steps of: (A) adding 100 parts by weight of dimethyl cyclosiloxane or octamethyl cyclotetrasiloxane, 4 parts by weight of epoxy-terminated disiloxane and 15 parts by weight of dimethylacetamide, raising the temperature to 70-80 DEG C, adding 0.02-0.1 part by weight of base catalyst, raising the temperature to 110-120 DEG C, reacting for 3-4 hours, slowly opening vacuum, extracting solvents and low molecular weight matters, continuously raising the temperature to 140-145 DEG C, maintaining the temperature and the vacuum for 2 hours, so as to obtain epoxy silicone oil; and (B) adding 80-100 parts by weight of epoxy-terminated silicone oil, 6-30 parts by weight of polyether polyol and 150 parts by weight of isopropyl alcohol, carrying out backflow reaction for 6-15 hours at 80-86 DEG C, and decompressing and removing the isopropyl alcohol or adding a propylene glycol displacement solvent, so as to obtain amino polyether block silicone oil. By utilizing the terpolymer block silicone oil disclosed by the invention, the fabric has good hand feel, namely fluffy feel and smooth feel, cannot be yellowed or is slightly yellowed.