based on 459 AMP Bank banking product reviews as rated by Mozo community

AMP Bank savings accounts

Find the AMP savings account that best suits your savings goals with Mozo. Here you can easily compare the interest rates and features of each account, as well as read reviews from the Mozo community of AMP's service. Or, you can make comparisons across many different banks with our savings account comparison tools.

AMP has also received the tick of approval from our Mozo Experts Choice Award judges, having taken out the major title of  Small Business Bank of the Year in 2019, 2020 and 2021. 

AMP Bank offers the following savings accounts

Rates and fees verified as correct at 18 September, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate Maximum rate Govt deposit guarantee
AMP Saver Account

0.01% p.a.(for $0 to $5,000,000)

1.16% p.a. (for $0 to $250,000)

Yes up to $250,000

Bett3r Account

0.10% p.a.(for $0 to $100,000)

0.85% p.a. (for $0 to $100,000)

Yes up to $250,000

How are AMP Bank savings accounts rated?

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.

Icon of savings-accounts
AMP Bank savings accounts
Overall
Price
Features
Customer service
Convenience
Trust

84 Reviews

Recent AMP Bank savings account reviews

AMP Bank AMP Saver Account
Overall 9/10
Best online interest rates in town!!!

AMP offer the best rate of interest of 1.25% on their online saver account with only one condition that you deposit $250 per month into that account to get the bonus interest. Too many banks have you jumping through hoops to get less. If you have superannuation products with AMP they add another .2% making the rate 1.45% calculated daily. Maybe they are worth supporting if they pay the best rates in these times of low interest. I have had no trouble with them whatsoever! :)

Read full review

AMP offer the best rate of interest of 1.25% on their online saver account with only one condition that you deposit $250 per month into that account to get the bonus interest. Too many banks have you jumping through hoops to get less. If you have superannuation products with AMP they add another .2% making the rate 1.45% calculated daily. Maybe they are worth supporting if they pay the best rates in these times of low interest. I have had no trouble with them whatsoever! :)

Price
10/10
Features
9/10
Customer service
9/10
Trust
9/10
Less
Keith, Queensland, reviewed 18 days ago
AMP Bank AMP Saver Account
Overall 2/10
Don't do it to yourself.

Locked my savings account due to not filing a KYC form that arrived late in the mail. It's been two months since I've been able to access my own funds. Leaving me without rent and food during covid. I've been borrowing what I can from friends so I can eat one solid meal a day. Once I regain access to my account I'm transferring everything back into my Suncorp account and closing. Not to mention the horrible customer support, condescending attitude from the managers, AND the interest being paid is less than what I was originally quoted.

Read full review

Locked my savings account due to not filing a KYC form that arrived late in the mail. It's been two months since I've been able to access my own funds. Leaving me without rent and food during covid. I've been borrowing what I can from friends so I can eat one solid meal a day. Once I regain access to my account I'm transferring everything back into my Suncorp account and closing. Not to mention the horrible customer support, condescending attitude from the managers, AND the interest being paid is less than what I was originally quoted.

Price
3/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Noah, Victoria, reviewed 3 months ago
AMP Bank Savings Account
Overall 10/10
recommend AMP online savers

Have and had online saving accounts with AMP over last year, great interest rates compared with others, easy to use online website. Easy transfer of funds and closing of an account was very quick and straight forward, all online. Friendly phone responses if I needed to ring for info with little wait time.

Read full review

Have and had online saving accounts with AMP over last year, great interest rates compared with others, easy to use online website. Easy transfer of funds and closing of an account was very quick and straight forward, all online. Friendly phone responses if I needed to ring for info with little wait time.

Price
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Robert, Western Australia, reviewed 4 months ago
AMP Bank Savings Account
Overall 9/10
Try calling when not happy, nothing to lose.

Should have rang them. It does say variable and every bank has done that so far in these trying times when I shop around trying to maximise my savings. They did the same to me, I rang expressing frustration at that and they then kept my interest at the new higher rate and the bonus for 6 months FIXED! They're the only bank that came to the party for me. I was more than happy with that.

Read full review

Should have rang them. It does say variable and every bank has done that so far in these trying times when I shop around trying to maximise my savings. They did the same to me, I rang expressing frustration at that and they then kept my interest at the new higher rate and the bonus for 6 months FIXED! They're the only bank that came to the party for me. I was more than happy with that.

Price
8/10
Features
8/10
Customer service
10/10
Convenience
9/10
Trust
9/10
Less
Michael, New South Wales, reviewed about 1 year ago

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