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 1.16% p.a. with this account as long as you deposit $250 per month, plus you won't have to worry about paying any pesky ongoing account keeping fees.
With the AMP Saver Account, customers can earn up to 1.16% p.a. in interest on the first $250,000 of their account balance - a 0.01% p.a. standard variable rate, plus a variable bonus of 1.15% p.a. if you deposit at least $250 in your account per month. Interest is earned on your account balance in the month following each eligible deposit and will be paid on the first day of the month after that. Just beware that for any savings above $250,000, your rate will drop down to the 0.01% p.a. standard variable rate.
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.
| Balances from $0: 0.01% p.a. | |
| Balances from $0: 1.16% p.a. | |
| Ongoing variable bonus rate applied when customers deposit at least $250 per month into their AMP Saver Account. |
| $0.00 | |
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| Unlimited free transactions from mobile app, internet, phone (when linked to transaction account) | |
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| $0.00 | |
| $0.00 | |
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| $0.00 | |
| $0.00 | |
| Monthly |
| no | |
| none | |
| no | |
| no | |
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| yes | |
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| The ongoing total bonus variable rate of 1.16% p.a. is earned on your account balance the month after you deposit at least $250 and is paid the month after that. Deposit at least $250/month to be eligible for the ongoing bonus rate, up to $250,000. | |
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| none |
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.
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 reviewOpened 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.
I opened 2 x Savings accounts, one for my wife and myself. The bonus 4 months interest rate was up on the 14th March 2020. I contacted them on the 14.03.20 asking to withdraw my money. They informed me that I can’t do that myself only they could transfer it to another bank and it would take 3 business days (earning little interest). So that meant for 3 days I didn’t receive any interest on a considerable amount of money. 4 days had passed still no money transferred back to my regular bank. Contacted them again, they said they tried to ring me which was a lie as we all know mobiles phones show call history. Then they said they tried to email me, again another lie as surprise surprise no email. After demanding my money as it is only earning minimal interest they said it will be another 3 business days. That will make 8 days to withdraw my funds. We are in a pandemic with Coronavirus and I need money to live on. DO NOT MAKE THE MISTAKE I MADE AND BANK WITH AMP.
Read full reviewI opened 2 x Savings accounts, one for my wife and myself. The bonus 4 months interest rate was up on the 14th March 2020. I contacted them on the 14.03.20 asking to withdraw my money. They informed me that I can’t do that myself only they could transfer it to another bank and it would take 3 business days (earning little interest). So that meant for 3 days I didn’t receive any interest on a considerable amount of money. 4 days had passed still no money transferred back to my regular bank. Contacted them again, they said they tried to ring me which was a lie as we all know mobiles phones show call history. Then they said they tried to email me, again another lie as surprise surprise no email. After demanding my money as it is only earning minimal interest they said it will be another 3 business days. That will make 8 days to withdraw my funds. We are in a pandemic with Coronavirus and I need money to live on. DO NOT MAKE THE MISTAKE I MADE AND BANK WITH AMP.
Virgin Money
Boost Saver with Go Account
1.20% p.a. (for $0 to $250,000)
0.10% p.a.(for $0 and over)
Yes up to $250,000
Rabobank
High Interest Savings Account
1.35% p.a. (for $0 to $250,001)
0.25% p.a.(for $0 to $250,001)
Yes up to $250,000
MyState Bank
Bonus Saver Account
1.10% p.a. (for $0 to $250,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Virgin Money
Grow Saver
0.65% p.a. (for $0 and over)
0.10% p.a.(for $0 and over)
Yes up to $250,000
Citi
Online Saver
1.10% p.a. (for $0 to $500,000)
0.35% p.a.(for $0 and over)
Yes up to $250,000
Virgin Money
Boost Saver with Go Account
1.20% p.a. (for $0 to $250,000)
0.10% p.a.(for $0 and over)
Yes up to $250,000
MyState Bank
Bonus Saver Account
1.10% 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
1.35% p.a. (for $0 to $250,001)
0.25% p.a.(for $0 to $250,001)
Yes up to $250,000
Virgin Money
Grow Saver
0.65% p.a. (for $0 and over)
0.10% p.a.(for $0 and over)
Yes up to $250,000
Citi
Online Saver
1.10% p.a. (for $0 to $500,000)
0.35% p.a.(for $0 and over)
Yes up to $250,000
Newcastle Permanent
Smart Saver
0% p.a.(for $0 and over)
0.90% p.a. (for $0 and over)
Yes up to $250,000