If you’re looking for a simple place to stash your cash AMP's Saver Account just might do the trick. You’ll be able to earn an ongoing variable bonus rate of 1.35% p.a. with this account as long as you deposit $250 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 2022 Mozo Experts Choice Bank Accounts and Savings Award winner in the Regular Saver category.
With the AMP Saver Account, customers can earn up to 1.35% p.a. in interest on the first $250,000 of their account balance - a 0.10% p.a. standard variable rate, plus a variable bonus of 1.25% p.a. - if you make eligible deposits of at least $250 in the previous month into your AMP Saver Account. Additionally, AMP offers a wealth bonus of an extra 0.10% if you have their Super, Pension or Investment account, making the max rate is 1.45%.
Interest is earned on your account balance in the month following each eligible deposit and will be paid during the following month. Just beware that for savings above $250,000, your rate will drop down to the 0.10% p.a. standard variable rate. The bonus interest rate offer 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.
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.
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.
|
Balances from $0: 0.10% p.a. |
|
|
Balances from $0: 1.35% p.a. |
|
|
Ongoing total variable bonus rate of up to 1.35% per annum applies if customers deposit $250 in the previous month. Available only on balances up to $250,000. |
|
$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 |
|
$0.00 |
|
|
$0.00 |
|
|
Monthly |
|
no |
|
|
none |
|
|
no |
|
|
no |
|
|
no |
|
|
no |
|
|
no |
|
|
yes |
|
|
yes |
|
|
no |
|
|
no |
|
|
Ongoing total variable bonus rate of 1.35% p.a. is earned on your account balance the month after you deposit $250 and is paid the following month. Available on balances up to $250,000. Maximum balance per customer name is $5,000,000. |
|
|
none |
|
|
none |
Service sucks. Gave up waiting for my phone calls to be answered after 1 hour. The only good thing about them is their interest rates on the savings account.
Read full reviewService sucks. Gave up waiting for my phone calls to be answered after 1 hour. The only good thing about them is their interest rates on the savings account.
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.
AMP offer the best rate of interest of 1.25% on their online saver account with only one condition that you deposit $250 per month into that account to get the bonus interest. Too many banks have you jumping through hoops to get less. If you have superannuation products with AMP they add another .2% making the rate 1.45% calculated daily. Maybe they are worth supporting if they pay the best rates in these times of low interest. I have had no trouble with them whatsoever! :)
Read full reviewAMP offer the best rate of interest of 1.25% on their online saver account with only one condition that you deposit $250 per month into that account to get the bonus interest. Too many banks have you jumping through hoops to get less. If you have superannuation products with AMP they add another .2% making the rate 1.45% calculated daily. Maybe they are worth supporting if they pay the best rates in these times of low interest. I have had no trouble with them whatsoever! :)
Locked my savings account due to not filing a KYC form that arrived late in the mail. It's been two months since I've been able to access my own funds. Leaving me without rent and food during covid. I've been borrowing what I can from friends so I can eat one solid meal a day. Once I regain access to my account I'm transferring everything back into my Suncorp account and closing. Not to mention the horrible customer support, condescending attitude from the managers, AND the interest being paid is less than what I was originally quoted.
Read full reviewLocked my savings account due to not filing a KYC form that arrived late in the mail. It's been two months since I've been able to access my own funds. Leaving me without rent and food during covid. I've been borrowing what I can from friends so I can eat one solid meal a day. Once I regain access to my account I'm transferring everything back into my Suncorp account and closing. Not to mention the horrible customer support, condescending attitude from the managers, AND the interest being paid is less than what I was originally quoted.
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 reviewThree 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.
Bank of Queensland
Future Saver Account
3.00% p.a. (for $0 to $50,001)
0.05% p.a.(for $0 and over)
Yes up to $250,000
AMP Bank
AMP Saver Account
1.35% p.a. (for $0 to $250,000)
0.10% p.a.(for $0 to $5,000,000)
Yes up to $250,000
MyState Bank
Bonus Saver Account
1.60% p.a. (for $0 to $250,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Great Southern Bank
Youth eSaver
No Current Offer
3.25% p.a.(for $0 to $5,001)
Yes up to $250,000
Rabobank
High Interest Savings Account
2.10% p.a. (for $0 to $250,001)
1.00% p.a.(for $0 to $250,001)
Yes up to $250,000
Bank of Queensland
Smart Saver Account
2.00% p.a. (for $0 to $250,001)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Citi
Online Saver
2.10% p.a. (for $0 to $500,000)
1.10% p.a.(for $0 and over)
Yes up to $250,000
Virgin Money
Boost Saver with Go Account
2.00% p.a. (for $0 to $250,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Citi
Online Saver
2.10% p.a. (for $0 to $500,000)
1.10% p.a.(for $0 and over)
Yes up to $250,000
AMP Bank
AMP Saver Account
1.35% p.a. (for $0 to $250,000)
0.10% p.a.(for $0 to $5,000,000)
Yes up to $250,000
MyState Bank
Bonus Saver Account
1.60% p.a. (for $0 to $250,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Great Southern Bank
Youth eSaver
No Current Offer
3.25% p.a.(for $0 to $5,001)
Yes up to $250,000
Bank of Queensland
Future Saver Account
3.00% p.a. (for $0 to $50,001)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Virgin Money
Boost Saver with Go Account
2.00% p.a. (for $0 to $250,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Rabobank
High Interest Savings Account
2.10% p.a. (for $0 to $250,001)
1.00% p.a.(for $0 to $250,001)
Yes up to $250,000
Bank of Queensland
Smart Saver Account
2.00% p.a. (for $0 to $250,001)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Bank of Queensland
Future Saver Account
0.05% p.a.(for $0 and over)
3.00% p.a. (for $0 to $50,001)
Yes up to $250,000
MyState Bank
Bonus Saver Account
0.05% p.a.(for $0 and over)
1.60% p.a. (for $0 to $250,000)
Yes up to $250,000
Bank of Queensland
Smart Saver Account
0.05% p.a.(for $0 and over)
2.00% p.a. (for $0 to $250,001)
Yes up to $250,000
Virgin Money
Boost Saver with Go Account
0.05% p.a.(for $0 and over)
2.00% p.a. (for $0 to $250,000)
Yes up to $250,000
Auswide Bank
Ziggy Kids Saver
0.01% p.a.(for $0 and over)
1.26% p.a. (for $0 and over)
Yes up to $250,000
ANZ
Progress Saver
0.01% p.a.(for $0 and over)
0.40% p.a. (for $0 and over)
Yes up to $250,000