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Mini meca 2023

AMP Bank AMP Saver Account

Advertiser disclosure
Interest rate
1.20% p.a.(for $0 to $5,000,000)
Maximum rate
5.40% p.a. (for $0 to $250,000)
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review AMP Bank AMP Saver Account - last updated: 1 February 2024

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What's hot
  • Up to 5.40% p.a.ongoing variable bonus rate on balances up to $250,000 when you deposit at least $1,000 per month in the previous month
  • No account fees
  • Unlimited transactions when linked to an AMP Bank transaction account
  • 2023 Mozo Experts Choice Award
What's not
  • No branch or ATM access
Mozo snapshot

If you’re looking for a simple place to stash your cash AMP Saver Account just might do the trick. You’ll be able to earn an ongoing variable bonus rate of 5.40% p.a.with this account as long as you deposit $1,000 in the previous month, plus you won't have to worry about paying any pesky ongoing account keeping fees. Hardly a surprise then that the Saver Account was named a 2023 Mozo Experts Choice Bank Accounts and Savings Award winner in the High Interest Savings category. 

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Key features

With the AMP Saver Account, customers can earn up to 5.40% p.a. total ongoing variable interest rate on the first $250,000 of their account balance - a 1.20% p.a. standard variable rate, plus a variable bonus of 4.20% p.a. - if you make eligible deposits of at least $1,000 in the previous month into your AMP Saver Account.  

Interest is earned on your account balance in the month following each eligible deposit and will be paid by the 10th of the next month. Just beware that for savings above $250,000, your rate will drop down to the 1.20% p.a. standard variable rate. The bonus interest rate offer of 4.20% p.a. is available for one account per person.

Need access to your cash right now? Or have an urgent bill that needs paying? The AMP Saver Account gives you the flexibility to move your money around with unlimited free transactions from your mobile banking app, via the internet or over the phone, and if you connect your AMP Saver Account to an AMP Bank everyday transaction account like the AMP Bank Access Account you'll also get access to a Visa Debit card, Apple Pay, Google Pay and rebated ATM fees.



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Who is it good for

The AMP Saver Account could be a great pick for committed savers who can keep the minimum deposit amount each month. This might also be a winner for savers who require flexible access to their funds and will take advantage of the unlimited deposits and withdrawals features. 

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Any catches

Bear in mind, with this account there is no branch or ATM access. There is also a maximum balance limit of $5,000,000 per customer.

Details

Rates and fees information correct as at 24 February 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Balances from $0: 1.20% p.a.
Balances from $5,000,000: 0.00% p.a.

Balances from $0: 5.40% p.a.
Balances from $250,000: 1.20% p.a.
Balances from $5,000,000: 0.00% p.a.

Ongoing total variable bonus rate of up to 5.40% per annum applies if customers deposit $1,000 in the previous month. Available only on balances up to $250,000.

Fees

$0.00

n/a

Unlimited free transactions from mobile app, internet, phone (when linked to transaction account).

n/a

n/a

n/a

n/a

n/a

n/a

$0.00

$0.00

n/a

Other financial bits

$0.00

$0.00

Monthly

Features

no

n/a

no

no

no

no

no

yes

yes

no

no

Ongoing total variable bonus rate up to 5.40% p.a. is earned on the balance the month after you deposit $1,000 and is paid the following month, on balances up to $250k. Max balance per customer name is $5 million.

none

none

Customer Reviews

How are AMP Bank savings accounts rated by the Mozo community?

Overall
Price
Features
Customer service
Convenience
Trust

Latest reviews of AMP Bank AMP Saver Account Savings Account

About AMP Bank

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5.25% p.a. (for $0 to $1,000,000)

0% p.a.(for $0 and over)

Yes up to $250,000

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5.75% p.a. (for $0 to $250,001)

4.40% p.a.(for $0 to $250,001)

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Hero Saver

4.60% p.a. (for $0 to $250,001)

1.00% p.a.(for $0 to $5,000,001)

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5.50% p.a. (for $0 to $250,000)

4.75% p.a.(for $0 to $1,000,000)

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5.25% p.a. (for $0 to $100,000)

0.30% p.a.(for $0 and over)

Yes up to $250,000

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5.10% p.a. (for $0 to $250,000)

0.10% p.a.(for $0 and over)

Yes up to $250,000

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Bonus Saver Account

5.00% p.a. (for $0 to $250,000)

0.05% p.a.(for $0 and over)

Yes up to $250,000

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Reward Saver Account

5.25% p.a. (for $0 to $1,000,000)

Yes up to $250,000

0% p.a.(for $0 and over)

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High Interest Savings Account

5.75% p.a. (for $0 to $250,001)

Yes up to $250,000

4.40% p.a.(for $0 to $250,001)

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Hero Saver

4.60% p.a. (for $0 to $250,001)

Yes up to $250,000

1.00% p.a.(for $0 to $5,000,001)

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Reward Saver

5.25% p.a. (for $0 to $100,000)

Yes up to $250,000

0.30% p.a.(for $0 and over)

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ubank

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5.10% p.a. (for $0 to $250,000)

Yes up to $250,000

0.10% p.a.(for $0 and over)

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MyState Bank

Bonus Saver Account

5.00% p.a. (for $0 to $250,000)

Yes up to $250,000

0.05% p.a.(for $0 and over)

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Savings Account

5.50% p.a. (for $0 to $250,000)

Yes up to $250,000

4.75% p.a.(for $0 to $1,000,000)

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IMB Bank

Reward Saver Account

0% p.a.(for $0 and over)

5.25% p.a. (for $0 to $1,000,000)

Yes up to $250,000

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Hero Saver

1.00% p.a.(for $0 to $5,000,001)

4.60% p.a. (for $0 to $250,001)

Yes up to $250,000

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Bendigo Bank

Reward Saver

0.30% p.a.(for $0 and over)

5.25% p.a. (for $0 to $100,000)

Yes up to $250,000

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ubank

Save Account

0.10% p.a.(for $0 and over)

5.10% p.a. (for $0 to $250,000)

Yes up to $250,000

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MyState Bank

Bonus Saver Account

0.05% p.a.(for $0 and over)

5.00% p.a. (for $0 to $250,000)

Yes up to $250,000

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Ziggy Kids Saver

0.01% p.a.(for $0 and over)

3.01% p.a. (for $0 and over)

Yes up to $250,000

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Mighty Saver Account

0.10% p.a.(for $0 and over)

1.20% p.a. (for $0 and over)

Yes up to $250,000

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Mighty Saver Account

0.10% p.a.(for $0 and over)

1.20% p.a. (for $0 and over)

Yes up to $250,000

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