Product | Interest rate | Maximum rate | Govt deposit guarantee | |
---|---|---|---|---|
AMP Saver Account |
1.20% p.a.(for $0 to $5,000,000) |
5.40% p.a. (for $0 to $250,000) |
Yes up to $250,000 |
Go to site |
Mozo users have rated AMP Bank savings accounts on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
99 Reviews
My AMP saver account is the first time I’ve ever seen real returns on interest from any savings account. 1.20% interest rate Has to be the best saving account in Australia
Read full reviewMy AMP saver account is the first time I’ve ever seen real returns on interest from any savings account. 1.20% interest rate Has to be the best saving account in Australia
Been banking with AMP for few years and had disputed with them for large sum of unpaid interest rates due to their every changing benchmarks. In my case the bank had claimed that I was 'informed' of their policy change by a physical letter but then changed their their story via an email. They can't even tell what was the method of informing nor the dates it was sent and I have received non of it. Their complaint team literally pushes the responsibility back to their customer for us to keep up with their online publication. Who would ever have time to check their bank policy from time to time? Quite obviously a set-up holding the customers funds with the intention to avoid paying interest to their customers where possible. Fed up with this bank and is time to move on to a bank that can be trusted.
Read full reviewBeen banking with AMP for few years and had disputed with them for large sum of unpaid interest rates due to their every changing benchmarks. In my case the bank had claimed that I was 'informed' of their policy change by a physical letter but then changed their their story via an email. They can't even tell what was the method of informing nor the dates it was sent and I have received non of it. Their complaint team literally pushes the responsibility back to their customer for us to keep up with their online publication. Who would ever have time to check their bank policy from time to time? Quite obviously a set-up holding the customers funds with the intention to avoid paying interest to their customers where possible. Fed up with this bank and is time to move on to a bank that can be trusted.
I selected the AMP Bank for my Savings because it had a good interest rate on Savings and a range of investment opportunities for small and/or larger deposits. I do find their current Savings 'rule' of having to deposit $1,000 each month in order to secure the higher interest annoying! As a pensioner, I simply do not have these new savings and if I didn't 'move money around' each month, I would only receive the minimum interest. This is unfair to those of us who are working hard to conserve funds and 'make our money work for us' but most banks work in the same or similar way.
Read full reviewI selected the AMP Bank for my Savings because it had a good interest rate on Savings and a range of investment opportunities for small and/or larger deposits. I do find their current Savings 'rule' of having to deposit $1,000 each month in order to secure the higher interest annoying! As a pensioner, I simply do not have these new savings and if I didn't 'move money around' each month, I would only receive the minimum interest. This is unfair to those of us who are working hard to conserve funds and 'make our money work for us' but most banks work in the same or similar way.
Do not open this product. You will not generate interest on your money until the next month. For example, I deposited 250k and only got 140 dollars interest for the month. Very very misleading, very unclear and inconsistent t&Cs. Stay clear
Read full reviewDo not open this product. You will not generate interest on your money until the next month. For example, I deposited 250k and only got 140 dollars interest for the month. Very very misleading, very unclear and inconsistent t&Cs. Stay clear