based on 475 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 the last four years running. 

AMP Bank offers the following savings accounts

Rates and fees verified as correct at 20 May 2022. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate Maximum rate Govt deposit guarantee
AMP Saver Account

0.10% p.a.(for $0 to $5,000,000)

1.35% p.a. (for $0 to $250,000)

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

88 Reviews

Recent AMP Bank savings account reviews

AMP Bank Savings Account
Overall 1/10
The call centre is not accessible at all.

The call centre is not accessible at all. in my last 4 contacts with them each call took one hour to be answered. One service consultant was not helpful at all.

Read full review

The call centre is not accessible at all. in my last 4 contacts with them each call took one hour to be answered. One service consultant was not helpful at all.

Price
4/10
Features
4/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Dennis, Victoria, reviewed 2 months ago
AMP Bank Savings Account
Overall 1/10
Dodgy and holding my money to ransom

I opened a savers account to access their competitive interest rate. They allowed me to transfer $55,000 into the account. I later tried to transfer the money back to an external account when I realised they won't give me the bonus interest rate in the first month. After a few days no money had cleared in my external account and shortly after I contacted them believing it must be a technical, easy to fix issue. I was then notified that my account has been blocked but they will not tell me why, that they do not know why and I have to wait for a letter to arrive in the mail at some point. And it is most likely that I will need to then get a certified copy of my ID, complete the form I receive and then mail it back to them. If all runs smoothly it should be resolved within 3-4 weeks. But again they cannot tell me what has happened and why my access to my funds has been blocked. The manager also could not be bother to call me back, I cannot speak to anyone in the department that has blocked my account and I just have to wait and go without access to my money until it is resolved as per their procedure. I have never experienced such dodgy practices.

Read full review

I opened a savers account to access their competitive interest rate. They allowed me to transfer $55,000 into the account. I later tried to transfer the money back to an external account when I realised they won't give me the bonus interest rate in the first month. After a few days no money had cleared in my external account and shortly after I contacted them believing it must be a technical, easy to fix issue. I was then notified that my account has been blocked but they will not tell me why, that they do not know why and I have to wait for a letter to arrive in the mail at some point. And it is most likely that I will need to then get a certified copy of my ID, complete the form I receive and then mail it back to them. If all runs smoothly it should be resolved within 3-4 weeks. But again they cannot tell me what has happened and why my access to my funds has been blocked. The manager also could not be bother to call me back, I cannot speak to anyone in the department that has blocked my account and I just have to wait and go without access to my money until it is resolved as per their procedure. I have never experienced such dodgy practices.

Price
5/10
Features
1/10
Customer service
5/10
Convenience
1/10
Trust
1/10
Less
Hanako, Queensland, reviewed 3 months ago
AMP Bank AMP Saver Account
Overall 5/10
Seriously, can't transfer on weekends or public ho

Trying to transfer money since Sunday. Today is Wednesday & every day the message comes up that it exceeds daily limit despite I am nit transferring more than my limit. It apparently is due to a Saturday Sunday & 2 public holidays. Money doesn't move these days.....I ask why not....it's computer to computer! A previous transaction has been pending since Saturday (today Wednesday) so is not allowing me to transfer until it moves out.

Read full review

Trying to transfer money since Sunday. Today is Wednesday & every day the message comes up that it exceeds daily limit despite I am nit transferring more than my limit. It apparently is due to a Saturday Sunday & 2 public holidays. Money doesn't move these days.....I ask why not....it's computer to computer! A previous transaction has been pending since Saturday (today Wednesday) so is not allowing me to transfer until it moves out.

Price
7/10
Features
7/10
Customer service
9/10
Convenience
6/10
Trust
7/10
Less
Maggie, New South Wales, reviewed 4 months ago
AMP Bank Savings Account
Overall 1/10
No Bonus Interest first month :(

BE AWARE: the AMP Bonus Saver Acct does not pay any bonus interest on the entire first month of your account. Made the mistake of depositing a substantial amount into one if these accounts and received 01% for that month , despite fulfilling all requirements to receive the bonus rate. Poor effort AMP.

Read full review

BE AWARE: the AMP Bonus Saver Acct does not pay any bonus interest on the entire first month of your account. Made the mistake of depositing a substantial amount into one if these accounts and received 01% for that month , despite fulfilling all requirements to receive the bonus rate. Poor effort AMP.

Price
1/10
Trust
1/10
Less
Janet, Western Australia, reviewed 5 months ago

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