ING Savings Maximiser vs AMP Bank GO Save: Which savings account should you choose?

By Peter Terlato · · 3 min read
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ING vs AMP Bank GO savings accounts

If you’re looking to grow your savings faster, two of the top performing savings accounts in the market right now are the ING Savings Maximiser and the AMP Bank GO Save account.

Both offer highly competitive rates – but the way the accounts work is very different.

Let’s break it down.

Compare savings accounts side-by-side

The table that follows breaks down all the key features for both the ING Savings Maximiser and AMP Bank GO Save accounts. Then read on for our big-picture analysis, including how to unlock each account’s full potential and what type of saver each is tailored for. 

Feature ING Savings Maximiser AMP Bank GO Save
Max rate
 5.00% p.a.
 4.50% p.a.
Base rate
 0.05% p.a.
 4.50% p.a.
Conditions for bonus rate
 Deposit $1,000 into a personal ING account, make 5 eligible transactions with a linked Orange Everyday account, grow the balance each month
 None
Max rate applies up to
 $100,000
 $250,000
Rate above cap
 0.05% p.a.
 3.75% p.a. (up to $5m), 0% thereafter
Linked transaction account
 Yes – Orange Everyday
 Yes – GO Everyday
Access
 App, online banking, phone banking
 App only (via AMP Bank GO, not My AMP)
Joint savings accounts allowed
 Yes
 No
Monthly fees
 $0
 $0

  • Savings Maximiser

    Maximum rate
    4.75 % p.a.
    (for $0 to $100,000)
    Deposit $1,000 into a personal ING account, make 5 eligible transactions with a linked Orange Everyday account and grow the balance each month.
    Standard rate
    0.01 % p.a.
    (for $0 and over)
    No Partner link

  • AMP Bank GO Save

    Maximum rate
    4.25 % p.a.
    (for $0 to $250,001)
    Standard rate
    4.25 % p.a.
    (for $0 to $250,001)
    Go to site
    • No deposit or withdrawal conditions
    • No minimum balance or monthly account fees
    • All you need is an AMP Bank GO Everyday Account to open a Save account in the AMP Bank GO app.

How interest is earned

Both accounts offer highly competitive rates, but the way to unlock each’s top rate is quite different. Let’s have a closer look at how to maximise your return.

Feature ING Savings Maximiser AMP Bank GO Save
Maximum variable rate
 5.00% p.a.
 4.50% p.a.
Balances earning max rate
 Up to $100,000
 Up to $250,000
Conditions to unlock max rate
 Each month, deposit at least $1,000 from an external source into any personal ING account, make five settled ING card purchases, and grow your nominated Savings Maximiser balance from the previous month (excluding interest)
 Hold a GO Everyday account (no monthly fee). No monthly deposits, card usage or balance growth required
Interest if conditions not met
 0.05% p.a.
 N/A (no conditions)
Interest on balances above max rate tier
 Above $100,000 earns 0.05% p.a. (even if conditions are met)
 $250,001-$5 million earns 3.75% p.a. No interest paid above $5 million
Linked account required
 Yes – requires an ING Orange Everyday account to meet conditions
 Yes – requires a GO Everyday account
Suitable for…
 Engaged savers. If you don’t mind jumping through a few hoops each month to access one of the highest variable rates in the market. Ideal option if you already use ING as your primary bank account, you may be more likely to meet the bonus rate criteria without extra effort
 Set-and-forget savers. If you want to park your savings somewhere that earns a high rate without keeping tabs on monthly conditions. It’s especially attractive if you’re saving more than $100,000, as the top rate applies up to $250,000

What else to know

We've covered most of the major terms and how interest is earned, but before you decide, here are a few other points to keep in mind.

  • Conditional rates can be harder to maintain long term. If you miss just one ING condition (like forgetting to grow your balance by $1), your entire balance earns just 0.05% for the month. An ACCC report revealed 71 percent of bonus-rate savers miss out on bonus interest, meaning most customers aren’t benefitting from the advertised headline rate.
  • ING offers an online web portal, in addition to their banking app for managing accounts. AMP Bank GO’s account is completely app-based. It's built for a "fuss-free" mobile experience.
  • Linked accounts are required for both providers. You’ll need to apply for (or already hold) a transaction account to open either savings product.

ING Savings Maximiser vs AMP Bank GO Save: verdict

If you’re after the highest rate possible and can confidently meet the monthly conditions, the ING Savings Maximiser has the edge at 5.00% p.a. – a 0.5% higher interest rate.

If you want a simple, no-strings high interest savings account, the AMP Bank GO Save may suit, especially if you’ve got more than $100,000 and want flexibility without jumping through hoops.

Both accounts deliver strong value – it just depends on how hands-on you want to be.

Note: The information in this article is correct as at 29 July, 2025.

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Last updated 5 December 2025 Important disclosures
  • Promoted

    Boss Saver

    Maximum rate
    4.65 % p.a.
    (for $0 to $100,001)
    Minimum $500 deposited into linked transaction account, and 5 Visa Card transactions from that account
    Standard rate
    0.20 % p.a.
    (for $0 and over)
    Go to site
    • Ongoing bonus interest when you meet conditions
    • No minimum balance, ongoing fees or withdrawal penalties
    • Manage your money easily on the BCU Bank app
  • Promoted

    AMP Bank GO Save

    Maximum rate
    4.25 % p.a.
    (for $0 to $250,001)
    Standard rate
    4.25 % p.a.
    (for $0 to $250,001)
    Go to site
    • No deposit or withdrawal conditions
    • No minimum balance or monthly account fees
    • All you need is an AMP Bank GO Everyday Account to open a Save account in the AMP Bank GO app.
  • Promoted

    Reward Saver Account

    Maximum rate
    4.50 % p.a.
    (for $0 to $1,000,000)
    Intro bonus rate of 4.50% for balances up to $1,000,000 for the first 4 months, reverting to 2.50%. Minimum deposit of $50 and no withdrawals.
    Standard rate
    0.00 % p.a.
    (for $0 and over)
    Go to site
    • Earn bonus rate by depositing $50 a month and making no withdrawals
    • Introductory rate for first 4 months
    • No monthly account fees

  • High Interest Savings Account

    Maximum rate
    5.00 % p.a.
    (for $0 to $250,001)
    Bonus rate for the first 4 months from account opening
    Standard rate
    3.45 % p.a.
    (for $0 to $250,001)
    Go to site
    • Easy set up, online and mobile banking app
    • No fees, no minimum balance, no minimum monthly deposit and no minimum term
    • Kick start your savings with the 4 month introductory variable rate

  • Reward Saver Kick Start Account - Up to 30 years old

    Maximum rate
    4.75 % p.a.
    (for $5,000 to $100,000)
    Minimum deposit of $20 and no withdrawals in the month.
    Standard rate
    0.00 % p.a.
    (for $0 and over)
    Go to site
    • Earn bonus rates by depositing $20 a month and making no withdrawals
    • Mozo Experts Choice Awards winner for Teen High Interest Savings in 2025
    • No monthly account fees

  • Boss Saver

    Maximum rate
    4.65 % p.a.
    (for $0 to $100,001)
    Minimum $500 deposited into linked transaction account, and 5 Visa Card transactions from that account
    Standard rate
    0.20 % p.a.
    (for $0 and over)
    Go to site
    • Ongoing bonus interest when you meet conditions
    • No minimum balance, ongoing fees or withdrawal penalties
    • Manage your money easily on the BCU Bank app

  • Savvy Saver Account

    Maximum rate
    4.65 % p.a.
    (for $0 to $100,001)
    Minimum $500 deposited into linked transaction account, and 5 Visa Card transactions from that account
    Standard rate
    0.20 % p.a.
    (for $0 and over)
    Go to site
    • No minimum balance required
    • Move money in and out and still earn interest
    • Transfer or make payments using the mobile app

  • Reward Saver Account

    Maximum rate
    4.50 % p.a.
    (for $0 to $1,000,000)
    Intro bonus rate of 4.50% for balances up to $1,000,000 for the first 4 months, reverting to 2.50%. Minimum deposit of $50 and no withdrawals.
    Standard rate
    0.00 % p.a.
    (for $0 and over)
    Go to site
    • Earn bonus rate by depositing $50 a month and making no withdrawals
    • Introductory rate for first 4 months
    • No monthly account fees

  • Smart Saver Account

    Maximum rate
    4.45 % p.a.
    (for $0 to $250,000)
    Minimum deposit of $100 and no withdrawals in the month
    Standard rate
    0.50 % p.a.
    (for $0 and over)
    Go to site
    • Earn bonus interest each month (T&Cs apply)
    • Open up to five accounts
    • No monthly fees or minimum balance

  • Power Saver

    Maximum rate
    4.35 % p.a.
    (for $0 to $250,000)
    Minimum of $100 deposited into account, and no withdrawals made.
    Standard rate
    0.50 % p.a.
    (for $0 and over)
    Go to site
    • Bonus interest for the first four months
    • No minimum balance, ongoing fees or withdrawal penalties
    • Manage your money easily on the BCU Bank app

  • AMP Bank GO Save

    Maximum rate
    4.25 % p.a.
    (for $0 to $250,001)
    Standard rate
    4.25 % p.a.
    (for $0 to $250,001)
    Go to site
    • No deposit or withdrawal conditions
    • No minimum balance or monthly account fees
    • All you need is an AMP Bank GO Everyday Account to open a Save account in the AMP Bank GO app.

  • Savings+Bonus

    Maximum rate
    4.25 % p.a.
    (for $1 to $250,000)
    Minimum $100 monthly deposit and no withdrawals to earn bonus interest each month.
    Standard rate
    1.75 % p.a.
    (for $1 to $250,000)
    Go to site
    • Enjoy bonus interest when you meet criteria
    • Access your money at any time via app
    • $250K maximum balance

  • Bonus Saver

    Maximum rate
    4.25 % p.a.
    (for $0 and over)
    Standard rate
    0.05 % p.a.
    (for $0 and over)
    Go to site
    • Bonus interest for the first four months
    • No minimum balance, ongoing fees or withdrawal penalties
    • Manage your money easily on the BCU Bank app

  • Hi Saver

    Maximum rate
    4.25 % p.a.
    (for $0 and over)
    Bonus rate for the first 4 months from account opening
    Standard rate
    0.05 % p.a.
    (for $0 and over)
    Go to site
    • Earn bonus interest for the first four months
    • No Minimum balance required
    • Transfer or make payments using the mobile app
Showing 11 results from 255 savings accounts. Use the filters to see more

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