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Mini meca 2024

AMP Bank Cash Manager

Advertiser disclosure
Account fee
$0.00
Payment options
Apple Pay, Google Wallet, Samsung Pay
Interest rate
0% p.a.

Mozo editorial review AMP Bank Cash Manager - last updated: 19 March 2024

binocular icon
What's hot
  • 4.80% p.a. Interest rate (T&Cs apply)
  • No ongoing account fees
  • 24/7 online access
What's not
  • No branch access
Mozo snapshot

The AMP Cash Manager account is a flexible cash management solution designed for investors, offering a rate of 4.80% p.a. for balances $10,000.01 up to $250,000. Cash management accounts support investment activities by providing an effective way to manage cash flows like from dividends or interest rates. They can also be a great way to hold cash for a later investment like a home loan deposit.

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Key features

The AMP Cash Manager account features various payment options like Apple Pay, Google Wallet, and Samsung Pay. It provides unlimited free transactions from internet, phone, EFTPOS, and AusPost deposits. AMP’s Cash Manager doesn’t support branch access, although it does include Visa debit card and BPAY functionality. 


Keep in mind that, while there are no fees associated with ATM and debit card transactions in Australia, there is an international overseas ATM fee of $4.50 and a Foreign exchange commission of 2.50%.


To get the best interest rate on offer (4.80% p.a.), you’ll need to have a balance of anywhere between $10,000.01 to $250,000. Any balance below $10,000.01, you will not earn any interest and for balances over $250,000 the interest rate is 4.35% p.a. Any balance greater than $5,000,000 will earn no interest. 

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Who is it good for

Investors and savers with a big deposit between $10,000 and $250,000 who want to keep their cash ready while earning a good rate. 

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Any catches

You’ll need to maintain a balance that’s not too low and not too large if you want to get the maximum rate possible.

Details

Rates and fees information correct as at 21 April 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Balances from $0: 0.00% p.a.
Balances from $10,000.01: 4.80% p.a.
Balances from $250,000.01: 4.35% p.a.
Balances from $5,000,000.01: 0.00% p.a.

n/a

n/a

Fees

$0.00

n/a

Unlimited free transactions from internet, phone, EFTPOS, AusPost deposit.

$0.00

None

$0.00

n/a

n/a

$0.00

$0.00

$0.00

$10.00

$4.50

2.50%

$0.00 monthly

Other financial bits

$0.00

$0.00

Features

$1,000.00

yes

no

yes

no

no

yes

no

none

none

Atm card

$4.50

$0.00

2.50%

Debit card

$4.50

$0.00

2.50%

Payment options

Apple Pay, Google Wallet, Samsung Pay

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