based on 559 AMP Bank 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 several savings awards.

AMP Bank offers the following savings accounts

Rates and fees verified as correct at 2 March 2024. Other information correct at the time of writing. Advertiser disclosure.
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

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

98 Reviews

Recent AMP Bank savings account reviews

AMP Bank AMP Saver Account
Overall 1/10
Beware of their changing Bonus Interest Accounts

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 review

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.

Price
6/10
Features
6/10
Customer service
6/10
Convenience
6/10
Trust
1/10
Less
Luke, Victoria, reviewed 7 months ago
AMP Bank Savings Account
Overall 10/10
AMP provides a good, diverse service for savers.

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 review

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.

Price
9/10
Features
6/10
Customer service
10/10
Convenience
8/10
Trust
10/10
Less
Judy, New South Wales, reviewed 7 months ago
AMP Bank AMP Saver Account
Overall 1/10
Stay clear

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 review

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

Price
1/10
Features
1/10
Customer service
4/10
Trust
1/10
Less
Dj, New South Wales, reviewed 8 months ago
AMP Bank AMP Saver Account
Overall 1/10
Do yourself a favour, NEVER get sucked in… crooks

NEVER EVER use this bank. Banks in Australia are generally BAD for customer service but AMP is beyond anything I have ever experienced. It is criminal that they happily take you money when you save with them….. just try and withdraw it !!! Absolutely impossible, yet they swear blind every time you call that it’s all fixed and no problem. Absolute thieves and liars.

Read full review

NEVER EVER use this bank. Banks in Australia are generally BAD for customer service but AMP is beyond anything I have ever experienced. It is criminal that they happily take you money when you save with them….. just try and withdraw it !!! Absolutely impossible, yet they swear blind every time you call that it’s all fixed and no problem. Absolute thieves and liars.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Steve, Northern Territory, reviewed 11 months ago
See all savings account reviews
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