6.5 / 10

based on 453 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 04 March, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate Maximum rate Govt deposit guarantee  
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

Saver Account

0.85% p.a.(for $0 to $5,000,000)

No Current Offer

Yes up to $250,000

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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
7.0/10
Price
Features
Customer service
Convenience
Trust

81 Reviews

Recent AMP Bank savings account reviews

AMP Bank Savings Account review
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 6 months ago
AMP Bank Savings Account review
Overall 7/10
Awesome for saving as it has highest rate.

I use the AMP Saver account which I locked in a phenomenal 6 month 2.65% rate when they had it. This is well above all others and the app is super easy to use and highly recommend. The only downside is they don't have Osko/instant payment which most banks have. So it makes transferring back and forth between my everyday account (with another bank) time consuming.

Read full review

I use the AMP Saver account which I locked in a phenomenal 6 month 2.65% rate when they had it. This is well above all others and the app is super easy to use and highly recommend. The only downside is they don't have Osko/instant payment which most banks have. So it makes transferring back and forth between my everyday account (with another bank) time consuming.

Price
10/10
Features
6/10
Convenience
10/10
Trust
10/10
Less
Brandon, Victoria, reviewed 8 months ago
AMP Bank Saver Account review
Overall 5/10
Poor customer service

Three days ago (Saturday) I applied online for a business saver account. Yesterday (Monday) mailed by express post application form & certified ID documents (their instruction was to mail them back to a reply paid address (surely they didn't mean for me to mail them back in a plain envelope? Today (Tuesday) I receive an email starting with Hi, (no title, no name, no nothing) asking a question and saying they haven't received my certified ID copies - oh please, should I have flown up and delivered them by hand? Many years I worked for AMP - sad to see this motley email.

Read full review

Three days ago (Saturday) I applied online for a business saver account. Yesterday (Monday) mailed by express post application form & certified ID documents (their instruction was to mail them back to a reply paid address (surely they didn't mean for me to mail them back in a plain envelope? Today (Tuesday) I receive an email starting with Hi, (no title, no name, no nothing) asking a question and saying they haven't received my certified ID copies - oh please, should I have flown up and delivered them by hand? Many years I worked for AMP - sad to see this motley email.

Price
10/10
Features
10/10
Customer service
0/10
Convenience
10/10
Trust
10/10
Less
Paul, Victoria, reviewed 8 months ago
AMP Bank Saver Account review
Overall 0/10
2.26% rate dropped to 2.11%, 2 weeks after opening

Opened in mid March 2020 with offer of 2.26% for 4 months, but interest paid in April 2020 was only 2.11%. When queried I was told the rate had dropped to 2.11%. However, in April 2020 AMP upgraded the offer to new customers to be 2.26% again, but this time for 6 months. Terrible treatment of a new customer. Avoid them.

Read full review

Opened in mid March 2020 with offer of 2.26% for 4 months, but interest paid in April 2020 was only 2.11%. When queried I was told the rate had dropped to 2.11%. However, in April 2020 AMP upgraded the offer to new customers to be 2.26% again, but this time for 6 months. Terrible treatment of a new customer. Avoid them.

Price
4/10
Features
2/10
Customer service
2/10
Convenience
0/10
Trust
0/10
Less
Jamie, Australian Capital Territory, reviewed 8 months ago

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