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 |
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.
88 Reviews
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 reviewThe 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.
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 reviewI 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.
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 reviewTrying 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.
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 reviewBE 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.
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