AMP Bank logo
Mini meca 2022

AMP Bank AMP Saver Account

Advertiser disclosure
Interest rate
0.10% p.a.(for $0 to $5,000,000)
Maximum rate
1.35% p.a. (for $0 to $250,000)
Govt deposit guarantee
Yes up to $250,000
Go to site

Mozo editorial review AMP Bank AMP Saver Account - last updated: 1 April 2022

binocular icon
What's hot
  • Up to 1.35% p.a. ongoing variable bonus rate on balances up to $250,000 when you deposit at least $250 per month in the previous month
  • No account fees
  • Unlimited transactions when linked to an AMP Bank transaction account
  • 2022 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'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. 

key icon
Key features

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.



snapshot
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. 

question icon
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 26 June 2022. 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: 0.10% p.a.
Balances from $5,000,000: 0.00% p.a.

Balances from $0: 1.35% p.a.
Balances from $250,000: 0.10% p.a.
Balances from $5,000,000: 0.00% 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.

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

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

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